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Sectors: Economy

February 2020

Post author African Business
Post date February 4, 2020
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Tags February 2020

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Nigeria’s Okonjo-Iweala and Kenya’s Amina Mohamed make WTO final five
Ngozi Okonjo-Iweala of Nigeria and Amina Mohamed of Kenya have reached the final five candidates for the leadership of the World Trade Organization, putting more pressure on Africa to back a unified candidate to claim the highest position in global trade. While African members will be buoyed by the progression of Okonjo-Iweala, a former World Bank managing director and Nigerian finance minister,
SepSeptember 18^th, 2020
Old vehicles offer new opportunities for Cars45
The used-car market is driving car ownership in Africa, and digital firms such as Nigeria’s Cars45 are helping to make the retail market organised, fast, transparent and hassle-free, as Linus Unah reports. On a recent sunny afternoon in Lagos, law student Promise Okwuchukwu saw a black Honda Accord sedan parked at an auto mechanic shop in the Ebute-Metta neighbourhood. Tacked to the windscreen an
FebFebruary 20^th, 2020

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AfCFTA launches – now Africa must make it succeed
Few intergovernmental projects are as ambitious as unifying 54 countries with a combined population of 1.2bn to create the world’s largest free trade area. Yet the African Continental Free Trade Agreement (AfCFTA) has proved successful in rallying all of the African Union member states, except Eritrea, to sign the landmark accord. As of January 2021, 35 of the 54 signatories have ratified the agre
Finbarr Toesland • FebFebruary 18^th, 2021
New economic era for Sudan as US lifts sanctions
Sudan's terror delisting signals the dawning of a new economic era for Khartoum, which could bring its economy back from the brink of economic collapse a year and a half after peaceful protests ousted long-time strongman Omar al Bashir.US President Donald Trump announced on Monday that Sudan will be removed from a list of state sponsors of terrorism, allowing the country to rejoin the global fin
Shoshana Kedem • OctOctober 20^th, 2020

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African Union and AfroChampions Announce Winners of Nefertiti Arts Prize on First-Ever Africa Integration Day
Vincent Kolo from Nigeria secures the Nefertiti Grand Prize with ‘The Cords of Yesterday’ on last day of Boma of Africa Festival Addis Ababa, 7 July 2020 – Africa’s brightest artistic talents have been awarded today at the inaugural Boma of Africa Festival, spearheaded by the African Union Commission and the AfroChampions Initiative. In celebration of today’s first-ever Africa Integration Day, cre
JulJuly 8^th, 2020
Malawi urged to turn over new leaf amid tobacco lawsuit
Malawi is highly reliant on tobacco for its export earnings, but the industry is subject to increasing international pressure over child labour. Tendai Marima reports from Blantyre. Patchy rainfall in Malawi’s tobacco fields signals a difficult harvest season ahead for the farmers gathering the country’s “green gold”, but even greater storms could be about to break over an industry coming under i
FebFebruary 12^th, 2020

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