Source: NEM Insurance |

NEM Insurance announces investment by Advanced Finance and Investment Group (“AFIG Funds”), a growth and expansion private equity fund manager

This Transaction now makes AFIG Funds the largest shareholder in NEM, and marks the commencement of a strategic partnership between AFIG Funds and NEM

NEM Insurance Plc (“NEM” or the “Company”) (www.NEM-Insurance.com), a leading insurance group in Nigeria announced that Advanced Finance and Investment Group (“AFIG Funds”) (www.AFIGFunds.com), a leading African private equity fund manager has, through AFIG Fund II, completed an investment in the Company, by acquiring 29.9% of the Company’s shares from…

Source: United Nations Information Centre - Cairo |

UN Secretary-General presents his priorities for 2019

UN Secretary-General Antonio Guterres presented his top priorities for 2019 yesterday at the UN headquarters in New York

Despite countless “headwinds” and “ills”, the United Nations has “made a real difference” in 2018 and will need to achieve even more in 2019, as the planet faces “a world of trouble”. That was the New Year message from UN Secretary-General António Guterres on Wednesday, at UN headquarters in New…

Source: Africa Business: Health Forum (AB:HF) |

Aliko Dangote Foundation, UNECA and GBCHealth Advocate Public-Private Sector Partnership for Better Health in Africa

The Forum will unify Africa’s key decision makers in exploring opportunities for catalyzing growth in the continent’s economy, through business partnerships to invest in the health sector

Top African leaders including Heads of States, Ministers, CEOs as well as representatives from the African Union and United Nations will converge at the inaugural Africa Business: Health Forum (AB:HF) (www.AfricaBusinessHealthForum.com) taking place in Ethiopia on 12th February 2019 on the margins of the 32nd African Union Summit. The Forum…

Source: European Parliament |

Preferential tariffs to help Western Sahara to develop

It guarantees that products coming from the Western Sahara can be clearly tracked, to make sure the benefits of the lower tariffs go to the local population

Western Sahara will enjoy preferential trade tariffs on its exports to the EU; origin of products will be traceable; agreement allows region to develop even before a political solution is found On Wednesday, Parliament backed a proposal to lower tariffs in the territory of Western Sahara to the same level…

Source: Verdade |

Angola: The grace period is over for João Lourenço; It is now time for effective action (Author Miguel Sanz)

Angola’s economic troubles began in 2014 when global crude oil prices dipped and severely hampered the government’s ability to generate revenue

Author Miguel Sanz João Lourenço has been president of Angola since 26 September 2017. About one year later, he cemented his hold on power by taking over the chairmanship of the ruling Movimento Popular de Libertação de Angola (MPLA). Although he reshuffled the government, for instance by replacing the transport minister,…

Source: Republic of South Africa: Department of Government Communication and Information |

President Ramaphosa to address the Pre-World Economic Forum Breakfast

Government will be represented by the Ministers of International Relations and Cooperation; Economic Development; Trade & Industry; Public Enterprises; Health; Energy, and Communications

President Cyril Ramaphosa will address a Team South Africa pre-World Economic Forum (WEF) breakfast meeting in Johannesburg on Wednesday, 16 January 2019. Team South Africa comprises a diversity of stakeholders in the South African society and economy and will participate in the WEF Davos Annual Meetings in Switzerland from 22…

Source: Embassy of the Federal Democratic Republic of Ethiopia, London, UK |

Ireland’s Taoiseach Leo Varadkar visits Ethiopia

The Irish Prime Minister met with Irish NGOs working in Ethiopia and attended a reception with the Irish community in Ethiopia

Leo Varadkar, Taoiseach (Prime Minister) of Ireland arrived in Ethiopia for a working visit on Tuesday (January 8). During his visit, Mr Leo Varadkar held talks with Prime Minister Dr Abiy Ahmed on bilateral, regional and international matters. The Prime Minister also paid a courtesy call on President Sahle-Work Zewde…

Source: The World Bank Group |

January 2019 Global Economic Prospects Materials

Key message for Africa is that regional growth is expected to accelerate to 3.4 percent in 2019

The January edition of the 2019 Global Economic Prospects (GEP) was released yesterday in Washington. Key message for Africa is that regional growth is expected to accelerate to 3.4 percent in 2019, predicated on diminished policy uncertainty and improved investment in large economies together with continued robust growth in non-resource…

Source: African Development Bank Group (AfDB) |

African Development Bank approves US$14.12 million to support Nigeria’s membership in African Trade Insurance (ATI) Agency

Once membership formalities in ATI are finalized, Nigeria could benefit from gross political and commercial risk insurance cover on total investments and trade amounting to over US$ 5 billion by 2020

The African Development Bank Group (www.AfDB.org), through its Trade Finance operations, has approved a US$14.12 million facility to support the Federal Republic of Nigeria’s membership in the African Trade Insurance Agency (ATI). This is a critical and mandatory step to enable ATI commence its operations in Nigeria. Nigeria, as Africa’s…

The Department of Trade and Industry, South Africa
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Source: The Department of Trade and Industry, South Africa |

The Global Business Services (GBS) incentive will create employment opportunities for the youth

Davies says the opportunities will be especially in the areas of medium to high complexity jobs, youth will be exposed to servicing major global brands out of South Africa

The Minister of Trade and Industry, Dr Rob Davies says the Global Business Services (GBS) incentive which became effective from 01 January 2019 will create employment opportunities for youth in South Africa.  Minister Davies launched the Global Business Services (GBS) Incentive last month at the SA House in London, United Kingdom.…