How $15 Billion India Oil Deal Will Help Nigeria Tackle Forex Crisis

ibe-kachikwu

 The Nigeria-India upfront oil payment deal will help the Federal Government to tackle the foreign exchange (forex) crisis in the country.The Minister of State for Petroleum Resources, Dr. Ibe Kachikwu, initiated the deal during a three-day working visit to India. The success of the deal would also be a huge help for the Central Bank […]

Zambia’s $1 Billion Subsidy Cut: Economic Recovery Or Economic Misery?

zambia-kwacha

 Africa’s second-biggest copper producer, Zambia, told the International Monetary Fund (IMF) that it will cut subsidies amounting to about $1 billion as part of an economic recovery plan. The statement was issued by Zambia’s finance Minister Felix Mutati on Sunday. The Zambian government is currently in talks with the IMF for the approval of a […]

Zambia’s Economy Receovery Plan Includes A $1 Billion Cut In Subsidies

zambia-kwacha

 Africa’s second-biggest copper producer, Zambia, told the International Monetary Fund (IMF) that it will cut subsidies amounting to about $1 billion as part of an economic recovery plan. The statement was issued by Zambia’s finance Minister Felix Mutati on Sunday. The Zambian government is currently in talks with the IMF for the approval of a […]

Mauritius, South Africa, Rwanda, Botwana And Namibia Are Sub Saharan Africa’s Most Competitive Economies

wef

 Mauritius, South Africa, Rwanda, Botwana and Namibia are Sub Saharan Africa’s most competitive economies according to the latest ranking of ‘The Global Competitiveness Index,’ by the World Economic Forum (WEF). The WEF defines it as “the set of institutions, policies and factors that determine the level of productivity of a country”. Others are subtly different but […]

Algeria Attracts Foreign Investors With Privatization Of State-owned Banks

Algiers, Algeria

  State-owned banks in Algeria will soon be allowed to list in the stock exchange as Algiers continues to stumble in the aftermath of the plummeting oil prices. The move will be an attempt by the Algerian government to promote its underdeveloped banking sector and diversify revenue sources. According to reports the plan is also […]

Waziri Adio: Recession as Opportunity for Reversing Resource Curse

waziri-adio

 And, sadly, it came to pass. It is well predicted that most countries blessed with natural resources, even in the best of times, perform worse economically than countries not so endowed; and that, when times are tough, countries that are dependent on natural resources come to an assured grief. There is a popular name for […]

Rotimi Fawole: Creating A Dis-enabling Environment

business

 One of the very best places to learn about the nature of Nigeria’s business environment is at a professional services firm when providing business establishment advice to a wide variety of comers. Even better, when you have to provide said advice to foreign professional services firms helping their clients set up subsidiaries in Nigeria, because […]

To Sell Or Not To Sell? Nigeria’s Government Weighs Decision Over National Assets

Buhari

 Nigeria Minister of Budgets and National Planning, Udo Udoma, has disclosed that Nigeria has no plans to sell national assets as a panacea for the current economic recession ravaging the country. Udoma made this disclosure ahead of the upcoming Nigeria Economic Summit. Some Nigeria including Africa’s richest man Aliko Dangote and President of the Senate, […]