NewsWest Africa

Sun,27May2018

West Africa

Nigeria's planned $2.5 bln Eurobond to help lower government cost

Nigeria Finance Minister Kemi Adeosun speaks with Chancellor of the Exchequer Philip Hammond in Washington, Oct. 14, 2017. Photo: Jose Luis Magana/AP/SIPAA proposed $2.5 billion Eurobond to refinance some of Nigeria's treasury bill portfolio will not increase its overall debt stock but will help lower cost, the Debt Management Office (DMO) said on Friday.

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NIGERIA: Wise men in the east

Enugu’s champions see it competing with Lagos, where AfriOne opened a new factory in April - Credits: George Osodi/Bloomberg via Getty Images
How Nigeria’s new industrial revolutionaries are trying to turn Enugu back into ground zero for a new wave of economic transformation

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Who's who in African finance

 
 

page 1The old truism about Africa needing to trade with itself will mean nothing until there are strong counterparties in different African countries willing to take on risk.That is starting to happen. In this year's edition of Money, our editorial team was struck by how many new faces were emerging in the world of finance who had had previous experience in other African countries and were pushing crossborder deals.

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West Africa to meet cocoa demand as other regions stagnate

May 31, 2011: farmer Issiaka Ouedraogo arranges cocoa beans on a cocoa farm outside the village of Fangolo,Ivory Coast. Photo: AP Photo/Rebecca BlackwellWest Africa is meeting an ever larger share of the world's booming demand for chocolate, as other cocoa-growing regions in the Americas and Southeast Asia see crops stagnate and farmers move into other areas, Cargill's Africa director said.

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'There is no pure protectionism': Benedict Oramah, president of Afreximbank

 

AFREXIMBANKThe Afreximbank boss talks to The Africa Report about state intervention, the importance of investing in export manufacturing, and lessons to be learned from Chinese industrial parks

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We must not make democracy a liability

 
 

MARK CHILVERS FOR TARA new wave of African governments understand how to work with business, says former president of Nigeria, Olusegun Obasanjo, warning that the price of economic failure is rising

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