West Africa economic news

African textile sector welcomes US trade agreement extension

Follow us on Twitter: @GoAfricaNetwork The US government has granted a long-term extension to a major US-Africa trade programme on 29 June, a move welcomed by African textile and apparel manufacturers. President Obama signed into law a bill reauthorising the African Growth and Opportunity Act (Agoa) for another 10 years. Since 2001, the non-reciprocal trade …

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Enterprise Mobility: Nigeria Oil & Gas Conference set for 12-14 October

Follow us on Twitter: @GoAfricaNetwork Squeezed profit margins and new technology developments are driving the Nigerian oil and gas industry to adopt new and innovative solutions that enable them to work smarter, faster and above all, cheaper. By Staff Writer @ IT News Africa Digital technology, including robust data management systems, cloud services and mobile applications is helping global …

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After 26 countries signed $1 trillion free-trade plan, AU heads of state now want to double the deal

Follow us On Twitter: @GoAfricaNetwork AFRICAN NATIONS are taking steps toward creating a free-trade zone with a combined size of $2 trillion, as heads of state meet in Johannesburg this week. This comes after a potentially historic deal was signed in Egypt this week that created a common market that would span half the continent from Cairo …

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Tazania’s natural gas reserves now stand at about 55 trillion cubic feet (tcf) following new deep sea discoveries off its southern coast.

Follow us on Twitter: @GoAfricaNetwork Tazania’s current natural gas reserves now stand at about 55 trillion cubic feet (tcf) following new deep sea discoveries off its southern coast. According to the East African nation’s energy minister, George Simbachawene, natural gas resources discovered in the country increased by  18 percent to 55.08 tcf in April 2015, …

Tazania’s natural gas reserves now stand at about 55 trillion cubic feet (tcf) following new deep sea discoveries off its southern coast. Read More »

Maersk, owner of world’s largest container liner, targets Nigeria and Kenya ports in Africa expansion push

Follow us On Twitter: @GoAfricaNetwork A.P. Moeller-Maersk A/S, owner of the world’s largest shipping container line, is seeking to win contracts to build and upgrade ports in Nigeria and Kenya as the Danish company expands its African operations. Maersk is awaiting a final sign-off on a contract to help build a new port in Badagry in …

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Meet Nigerian Billionaire, Folorunso Alakija

Follow us on Twitter: @GoAfricaNetwork From shaking up Nigeria’s fashion scene to striking it rich in the oil business, Nigerian billionaire Folorunso Alakija has tasted success in all walks of life. The former banking executive-turned-fashion designer-turned oil magnate is one of the west African country’s most accomplished businesswoman, boasting a long and successful career in …

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General Electric to Invest 10 Billion in Africa, Tragets Nigeria Rail Sector

Follow us on Twitter: @GoAfricaNetwork General Electric (GE), a 123-year old American Conglomerate with operations in 130 countries around the world, is gearing up to further exploit the economic potentials inherent in sub-Saharan African markets, especially Nigeria and Ethiopia. At the ongoing World Economic Forum (WEF) on Africa, GE said it would increase its capital …

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Africa’s Top 20 most connected countries by user numbers

Follow us on Twitter: @GoAfricaNetwork According to worldometers.info, the population within South Africa sits at just over 53 million individuals. To add to the figures, Nigeria currently has over 183 million individuals populating its city’s. Africa has always been viewed as a continent that isn’t very connected in terms of internet speeds and the number …

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Facebook takes Internet.org to Senegal

Social media giant, Facebook, has revealed that it has now set its sight’s on Senegal – in order to launch Internet.org as well as more than a dozen free basic services within the country. According to Facebook, the services will be available to will be available to Tigo SIM card holders. Facebook originally launched Internet.org …

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African Coffee: The power of the crowd (exporting Coffee within Africa)

Follow us on Twitter: @GoAfricaNetwork When Nigerian brothers Ngozi and Chijioke Dozie needed to drive interest in their Rwandan coffee business, their home market seemed like a natural fit. – “Rwanda produces great coffee, but it’s a very small market, it’s 9m people. Most of the best coffees are exported to places like Starbucks. So …

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