Can African Countries Industralize?
Narratives are essential. Humans are, after all, “helpless story junkies”. Business and economic success depend much more than is commonly acknowledged on getting the narrative right. And if there is a narrative where getting it right or wrong matters hugely, it is the narrative about Africa’s industrial development. Africa is the poorest continent. It is likely to be […]
Oil Skids To Worst Loss In 10 Years As Market Waits On OPEC+ Cut
Oil closed out its worst month since the global financial crisis a decade ago, as all eyes turned to this weekend’s G-20 summit for signs that Saudi Arabia and Russia can head off a worldwide supply glut. Crude futures made up some ground Friday after an OPEC advisory committee recommended a 1.3 million cut to the cartel’s […]
Five Injured As Edo Market Goes Up In Flames
A trader, identified simply as Mama Chichi, yesterday died when explosion rocked Evbuotubu Market in Egor Local Government Area of Edo State. Five others were injured in the fire which accompanied the explosion which reportedly came from adulterated kerosene. Several traders bemoaned their losses in the fire outbreak. The woman, who died, was said to […]
Zimbabwe Opens Women’s Bank
The much-awaited women’s bank is set to open next Tuesday after the Reserve Bank of Zimbabwe (RBZ) authorised its operations and issued it with a licence, a Cabinet minister said yesterday. Women Affairs, Gender and Community Development Minister Sithembiso Nyoni said President Mnangagwa will officially launch the bank before the end of this month. Addressing […]
Unwanted Cameroon Cocoa Is Said to Ruffle Latest London Delivery
Unwanted cocoa from Cameroon disrupted the latest exchange delivery in London as one trader was forced to split large piles of beans into smaller bags, according to people familiar with the matter. Swiss company Ecom Agroindustrial Corp. had to break down two piles of 1,000 metric tons of beans from Cameroon for delivery as several […]
Coffee Waste Is Now Fetching a 480% Premium Over Coffee Itself
Aida Batlle grows coffee on her family’s farm in the hills surrounding El Salvador’s Santa Ana Volcano. Like generations before her, she had little use for the skin that encases the beans, so she’d turn it into cheap fertilizer or, more frequently, trash it. Then one day, walking past some husks drying in the sun, a smell hit […]
Surprise Kenya Rate Cut Puts Lending Rate Cap In Focus
Kenya’s central bank cut base interest rates for the first time since September 2016 on Monday, fuelling talk that a government cap on commercial lending rates introduced in the same month will be modified or removed soon. The 50 basis point cut in the benchmark lending rate to 9.5 percent took much of the market […]
S.Africa Gold Miners’ Silicosis Lawsuit Settlement Expected Within 6 Weeks
South African gold producers will likely reach a settlement within six weeks in a lawsuit over a fatal lung disease that companies have set aside 5 billion rand ($420 million) in provisions for, a lawyer and industry group said on Sunday. “I am confident we will finalise the settlement within six weeks,” Richard Spoor, the […]
Biggest Ghana Mining Union Plans Protests Over Gold Fields Jobs
Ghana’s largest mineworkers’ union plans protests and strikes throughout operations in the country if the government allows Gold Fields Ltd.’s local unit to dismiss more than 2,000 staff as it starts the process of hiring a contractor to operate its biggest mine in the West African nation. Gold Fields is committing “acts of corporate greed […]
May Calls Scottish, Welsh Leaders to Discuss Brexit
U.K. Prime Minister Theresa May spoke to First Minister of Scotland Nicola Sturgeon and First Minister of Wales Carwyn Jones after setting out her Brexit priorities and plans for trade relations in a London speech. May told the leaders late Friday the U.K. would seek “customs arrangements that would lead to as frictionless trade as […]
Maryam: 
Iyanuoluwa Isinkaye: 