The tech giant, Google, has opened its first Developers Space in Africa in Nigeria. This launch supports Nigeria’s digital Economy Strategy and is in line with Google’s commitment, in 2017, to build on Nigeria’s tech potential to grow Africa’s tech space. The Developers Space, located in Ikoyi, Lagos, is the flagship start-up and developer hub …read more →
AFRICAReports
Unpacking the Potential of innovative digital infrastructure and green energy projects in Africa
The vast swathes of Africa’s fertile lands may ultimately prove a central arena for the ground-up development of innovative digital infrastructure and green energy projects. Recent pivotal moments in African trade, such as the African Continental Free Trade Agreement, are setting the table for an environment conducive to rapid growth, where both energy and financial infrastructure …read more →
Nigeria to contribute 35% of Africa’s new-build trunk pipeline length by 2023
Nigeria is expected to contribute around 35% of Africa’s total planned and announced oil and gas new-build trunk/transmission pipeline length additions between 2019 and 2023, says GlobalData, a leading data and analytics company. The company’s latest report, ‘Global Planned Oil and Gas Pipelines Industry Outlook to 2023 – Capacity and Capital Expenditure Outlook with Details …read more →
World Bank puts Nigeria’s growth at 2.1 per cent in 2020
The World Bank Group has raised Nigeria’s growth expectations in 2020 to 2.1 per cent, describing it as an “edge up”, a development that confirms the country’s continued stay in sluggish economic path for another calendar year. It also warned that the macroeconomic framework is characterised by multiple exchange rates, foreign exchange restrictions, high persistent …read more →
Maritime Security: Nigerian Waters Now Safer – Dakuku
The Director-General of the Nigerian Maritime Administration and Safety Agency (NIMASA), Dr. Dakuku Peterside, has said that piracy and other maritime crimes have reduced drastically in the Nigerian maritime domain, making it safer for investment. Contrary to reports in a section of the media on his responses while defending the Agency’s budget before the Senate …read more →
Total’s Egina starts production with TechnipFMC’s subsea systems
Total’s Egina field, located 93 mi (150 km) off Port Harcourt, kicked into production just as 2018 was winding to a close. The start-up of any offshore field is notable, but Egina’s is especially so: The field is estimated to contain reserves of 550 MMbbl. Lying in water depths ranging from 4,593 to 5,740 ft …read more →
How tourism is impacting economic development in Africa
The United Nations World Tourism Organization (UNWTO) has published the latest World Tourism Barometer which covers world tourism rankings. According to the report, international tourist arrivals totalled 1.4 billion (+6 per cent) in 2018, 2 years ahead of expected time according to UNWTO‘s prediction in 2010 that the 1.4 billion mark will be achieved by 2020. Meanwhile, …read more →
AfDB approves additional $2 billion funding for infrastructure projects in East Africa
The African Development Bank (AfDB) and the African Development Fund (ADF) have approved two billion U.S. dollars to fund infrastructure projects in the East African Community (EAC) over the next three years. The funding for the implementation of new and on-going priority infrastructure projects in the region was disclosed by EAC Secretary General Ambassador, Libérat Mfumukeko. This move …read more →
Ethiopia to construct six solar plants, launches tender
The government of Ethiopia is to construct six solar plants with a combined 800 MW for which it has launched a tender for their construction across four states. The nation’s Ministry of Finance said the planned tender would represent a huge expansion of Ethiopia’s Scaling Solar program. They will be developed under a public-private partnership framework …read more →