April 2017

XL Africa to boost Investment in Digital Start-ups

The World Bank Group, through its newly launched XL Africa programme, will help 20 selected digital start-ups attract early stage capital between $250 000 and $1.5 million. XL Africa is a five-month business acceleration initiative designed to support start-ups from...
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China Concludes Zero Tariff Plan for African Imports

The Chinese government has set zero tariffs for imported products from the African continent,  saying that Nigeria and other African countries will in addition,  benefit from the several other poverty alleviation programs. This was disclosed by China’s Deputy Director General, Department...
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Shell Reopens 225,000 bpd Bonga field

Shell Nigeria has resumed production at 225,000 barrels per day Bonga field, a development that looks set to boot Nigeria’s crude oil output and exports. The oil giant said in an emailed statement to Reuters that maintenance work on the...
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