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Business

World Bank says Nigeria’s economic recovery weak

Abuja – The World Bank says economic recovery in Nigeria, South Africa, and Angola (the region’s three largest economies) remained weak in 2019, a situation that is weighing on the region’s prospects. This is according to the 20th edition of African Pulse, World Bank’s twice-yearly economic update for the region released in Washington D.C. on […]
Africa Banking Business

BFA signs on to Afreximbank’s AFTRAF, gets initial $50m credit

Motolani Oseni Banco de Fomento Angola (BFA) has signed on to the African Export-Import Bank (Afreximbank) Trade Facilitation programme (AFTRAF) for an initial $50-million line of credit, becoming the first Angolan bank to sign on to the programme. Afreximbank in a statement signed by its Global Director, Communications and Branding, Obi Emekekwue, on Tuesday, stated […]
Business

Russia-African trade volume to hit $17.5bn – Experts

Experts have predicted that the trade turnover between Russia and Africa would double in the next three years. Last year, the total export volume of Russia and African countries grew by 18% and reached USD 17.5 billion. Managing Director of Afreximbank’s Intra-African Trade Initiative, Kanayo Awani and Deputy Governor of the Central Bank of Egypt, […]
Health

Malaria scourge in Nigeria: Challenges and milestones

The battle against malaria in the world has been raging for decades. While many countries including Argentina, Costa Rica and Morocco have recorded complete victory over the disease, it appears that for countries like Nigeria and Angola, the end is not near just yet. For Angola, the malaria death toll continues to rise in comparison […]
Headlines

South African health minister ridicules Buhari, other African leaders over ‘health tourism’

Aaron Motsoaledi, South Africa’s Minister of Health, Monday scolded African leaders who seek medical attention outside the shore of the continent. The minister who said the culture has become a major drain on their countries health expenditures, asserted that it was shameful African leaders frequently seek medical care abroad while most of their citizens grapple […]
Africa

Angola’s Dos Santos ‘to name successor’

One of Africa’s longest serving presidents, Jose Eduardo dos Santos, is expected to announce his successor tomorrow. Mr Dos Santos has ruled Angola since 1979. He is also expected to confirm that he will not be standing in the 2017 presidential election, the report says. It predicts that the current defence minister Joao Lourenco will […]