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Nigeria: First Made-in-Nigeria Satellite to Be Launched By 2018 – Bulama

Technology News, West Africa economic news, West Africa technology news /

Follow Us on Twitter @GoAfricaNetwork Abuja — The Minister of Science and Technology, Dr Abdu Bulama, said on Tuesday in Abuja that Nigeria would design, fabricate, test and launch its indigenous satellite by 2018. Bulama stated this when he inspected facilities at the Obasanjo Space Centre of the National Space Research and Development Agency (NASRDA). […]

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Nigeria: Jumia unveils same day delivery service

Economic news, Technology News, West Africa economic news, West Africa technology news /

Follows us on Twitter @GoAfricaNetwork Jumia has introduced a same day delivery to its customers in Lagos, exactly two years after its major competitor, Konga, introduced a similar service in the country. According to Nicolas Martin, Jumia’s Managing Director, the online retailer’s goal is set to give customers the best online retail experience with its express service

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Ford unveils new models for Africa as it eyes big untapped market

East Africa economic news, Economic news, North Africa economic news, Southern Africa economic news, West Africa economic news /

Ford Motor Co announced 17 new vehicles for Sub-Saharan Africa on Thursday, as carmakers jostle for position in one of the last major markets where potential growth remains largely untapped. The models, among 25 to be introduced by 2016 in a broader product offensive across the Middle East and Africa, draw on the U.S. auto

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Cote d’Ivoire: A turning point

Economic news, West Africa economic news /

The figures for economic growth are putting some swagger in Côte d’Ivoire’s stride, but business leaders and oppositionists say the hard work has not even begun. Big infrastructure projects are underway all over the country, although local companies are struggling to access credit. It appears like an mirage: on the way out of Yamoussoukro, a

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Nigeria: China Indicates More Interest in Nigeria’s Oil, Gas

Economic news, West Africa economic news /

Mr Liu Kan, the Consul-General of the Consulate General of People’s Republic of China in Lagos, on Thursday expressed his country’s growing interest in Nigeria’s oil and gas industry. Liu told the News Agency of Nigeria (NAN) in Lagos that China would also depend on Nigeria to satisfy the demand of her increasing population for

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US-Africa relations: Nigeria is looking at other areas of exports

Economic news, West Africa economic news /

Sam Ohuabunwa, National President of the Nigerian-American Chamber of Commerce (NACC) says the US will show increasing presence in the Gulf of Guinea because it is a strategic area to protect, both in terms of trade and geopolitical stability.

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Africa: AU Summit Approves Creation of African Monetary Fund

East Africa economic news, Economic news, North Africa economic news, Southern Africa economic news, The Africa Union, West Africa economic news /

The AU Commissioner for Economic Affairs, Anthony Maruping, told journalists in Malabo on Monday that the Fund would work to correct balances of payment positions across Africa. He said such positions were mainly caused by low export of commodities and high import volumes which exerted negative burden on currency stability. The AMF would be established

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Africa: BRICS Launches New Development Bank

East Africa economic news, Economic news, North Africa economic news, Southern Africa economic news, West Africa economic news /

Beijing — In July, nations known as the “BRICS,” Brazil, Russia, India, China and South Africa, announced the creation of a new, $100 billion development bank (NDB). The project is aimed at lending money to developing nations for investments, much like how the American and European-backed International Monetary Fund (IMF) and World Bank operate. Liu

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Mobile Phones: Africa is the fastest growing market in the world

East Africa technology news, Economic news, North Africa economic news, North Africa technology news, Southern Africa technology news, Technology News, West Africa economic news, West Africa technology news /

late 2012, the World Association of Telecom operators said that sub-Saharan Africa has become since 2000, the most growing market in mobile telephony. 40% growth each year. With these data, it is expected one billion mobile subscribers on the continent in 2015, attracted by the strong demand for connectivity and innovative services like mobile money

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Africian Development Bank (ADB): Back In Ivory Coast

Economic news, The Africa Union, West Africa economic news /

It is decided, even jurors: the African Development Bank (AfDB) finally returned to Abidjan after spending 11 years in a temporary headquarters in Tunis. Its president, Donald Kaberuka made ​​the announcement Tuesday at a press conference. “The security conditions are sufficient to settle permanently “ , he has reassured before announcing “the holding of first board Sept.

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