AFRICAReports Banking and Finance News & Reports

Herbert Wigwe is African Banker of the Year for the second time, consecutively

The Group Managing Director/CEO of Access Bank PLC Herbert Wigwe has been recognised as the African Banker of the Year at the 2021 edition of the African Banker Awards. A winner of one of the most prized categories at the Awards ceremony for the second consecutive year, Wigwe was recognised for his stellar leadership in …read more →

Economy News & Reports Trade and Investments

Nigeria Targets $2 Billion From Exports After Concession of Kano Free Trade Zone – BPE

Nigeria is expected to earn about $2 billion from exports value after the planned concession of the Kano Free Trade Zone (KFTZ) by 2027, according to the Director-General of the Bureau of Public Enterprises (BPE), Alex A. Okoh. Okoh, who spoke at during a visit to Kano State Governor, Abdullahi Ganduje said that the KFTZ would …read more →

AFRICAReports Infrastructure Financing News & Reports

WTO Chief, Okonjo-Iweala Warns Nigeria, Other Africans On Danger of Rising Debt Profile

The Director-General of the World Trade Organisation (WTO) Ngozi Okonjo-Iweala has expressed concern about rising national debts, warning that majority of countries in the continent face a high risk of falling into a debt trap. Okonjo-Iweala observed that the current debt burden pre-dated COVID-19 but was worsened by the pandemic. Noting that “prevention is better …read more →

AFRICAReports Banking and Finance News & Reports

Access Bank Launches Women Empowerment Programme In Nigeria & Eight Other African States

Access Bank Plc has unveiled the third edition of its Womenpreneur Pitch-a-ton Africa programme as part of the bank’s mandate to empower female entrepreneurs with financial and business skills, The  Womenpreneur Pitch-a-ton Africa programme is designed to provide female owned businesses across Africa an opportunity to access finance, world-class business training as well as mentoring …read more →

Infrastructure News & Reports WORLDReport

New Zealand Government to Invest $700m in Infrastructure for Housing

The New Zealand government has announced that US$700m of funding will be made available to build infrastructure needed to speed up housing developments. The money will be spent on accelerating projects on “build-ready land” to produce results in the shortest possible time. The investment is part of the larger $2.7bn Housing Acceleration Fund (HAF), which …read more →

Infrastructure News & Reports Photo News Technology

Microsoft Unveils Windows 11

Microsoft has unveiled Windows 11 during a live-streamed event on Thursday. The announcement comes almost six years after the introduction of Windows 10, which is the world’s most widely used PC operating system, with over 1.3 billion devices using it. Windows, which represents over 10% of Microsoft’s revenue even as the company has grown by …read more →

AFRICAReports Infrastructure Infrastructure Financing News & Reports Railway Transportation Urban Renewal

Lagos Is Issuing Fresh N85 Billion Bonds To Secure the Future of its Infrastructure

The Lagos State House of Assembly said it approved the state government’s request to issue fresh bonds and take a bank loan because of the relief it would bring to the state. Governor Babajide Sanwo-Olu had asked the state legislators to approve a N85 billion special dispensation for bond redemption and for bridge loan. In …read more →

AFRICAReports Infrastructure News & Reports Photo News Telecom

MTN to Invest N640bn In Nigeria to Expand Broadband Access

MTN Nigeria plans to invest N640 billion (approximately US$1.5 billion) over the next three years to expand broadband access across the continent’s most populous country, in line with the federal government’s 2020-2025 National Broadband Plan and in support of MTN Group’s strategy, Ambition 2025: Leading digital solutions for Africa’s progress. “Nigeria is one of our most important markets. …read more →