African Business News

Petroleum Industry Bill Progress Updates by Nigerian Minister

Nigeria's minister of state for petroleum, Emmanuel Ibe Kachikwu held a press conference at APPO Cape VII, in which he gave an update on the progress of the Petroleum Industry Bill (PIB). Following incumbent president Muhammadu Buhairi's win in this year's elections, Kachikwu confirmed that the bill was with the president and could receive assent by June, when the ninth assembly of the Nigerian parliament convenes.


East Africa portrays solid monetary development says AfDB report

Economic growth in East Africa is soaring ahead of other regions on the continent at close to 7 percent while the overall outlook for the rest of Africa is cautious, but positive, a report  by African Development Bank has observed.

Job creation and ramping up manufacturing will continue to be major priority areas for creating growth and employment across the continent, says AfDB.


Kariokor Leather Factory to launch in July 2019 in Kenya

Nairobi City Governor Mike Sonko will officially disclose the multi-million shilling market in July to make way for production of leather products like shoes, belts and hand bags.


Africa on a course to operationalize the largest Trade Arrangement

Treasure Maphanga, Director for Trade and Industry at the African Union (AU) Commission, said, "the unsegregated trade market commonly known as the "African Continental Free Trade Area" (AfCFTA) will be functionalised in July, setting the stage for Africa to start executing measures aimed at promoting the smooth movement of goods and services across the continent.


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