AIC News

Amidst report that Nigeria’s economy was growing at 3.11 percent in the first quarter of 2022, Q1’22, leading banks in the country have reported a 24.7 percent and 18.6 percent growth in revenue and profits respectively within the same period.

The US government is looking beyond a delayed trade deal with Kenya to expand commercial ties between the two countries amid Nairobi’s mounting frustration with Washington’s slow pace to conclude the deal.

India will release cheetahs from South Africa and Namibia into the wild at Kuno Palpur in Sheopur district of Madhya Pradesh, possibly by the end of this year, officials said, as the government has finalised deals to get the planet’s fastest animals that became extinct in the country in the middle of last century.

The efficient functioning of capital markets in the West African Region demands a regular assessment of policies and programs to fit current realities, and address the region’s peculiar challenges.

Untapped Global announces the launch of its public beta platform, which uses real-time data to provide transparency for investors looking to tap into Africa and emerging markets.

South Africa is currently enjoying a terms of trade boon, with export prices outpacing import prices, market research firm Intellidex director and capital markets research head Peter Attard Montalto said on May 25.

Former President Islamabad Chamber of Commerce (ICCI) and senior leader of United Business Group (UBG) of FPCCI Zafar Bakhtawri said the current $4.18 billion annual trade volume between Pakistan and Africa was far below then it’s potential in the Africa region, which could be doubled in the next three years.

The Congress of South African Trade Unions (Cosatu) says government must move with haste in passing the Companies Amendment Bill into law.

The Supreme Council for Arab-African Economy (SCAAE), an international organisation that seeks to promote trade and investment in Arab and African countries, will hold its maiden conference in Ghana on June 1, this year.

The African Development Bank (AfDB) says Africa needs an annual investment of $32 billion to $40 billion along the energy value chain to achieve universal access for electricity by 2030.