Business & Economy

African business news: May 2021

African business news: May 2021

Uganda-Tanzania oil deal to add 10,000 jobs to East African economy  President Yoweri Museveni of Uganda and Tanzania’s Samia Suluhu Hassan signed an agreement on the East African Crude Oil Pipeline project on April 12. ‘The EACOP Tripartite Project Agreement…
A ship loads crude oil at Bonga off-shore oil field outside Lagos, October 30, 2007. Alamy

Shipping rules hinder Nigerian growth

Foreign liners may continue to enjoy exclusive rights over Nigeria’s crude oil exports. But, as Francis Ezem reports, Nigerians may soon be able to get in on the act. Nigeria is the world’s sixth largest producer of crude oil, extracting…
Dr Ngozi Okonjo-Iweala

The latest African business news

Port Harcourt Nigerian-born Dr Ngozi Okonjo-Iweala became the World Trade Organisation’s (WTO) first African and first woman Director-General when she commenced her role on March 1, 2021. The term of the position runs until August 31, 2025. Her candidacy for…
Photos from the scheme's Nairobi launch

Kenyan riders embrace electric bikes

Africa’s cities may soon be less noisy and polluted, says Andrea Dijkstra, reporting on a new rent-to-buy electric motorbike taxi service in Nairobi. Motorcycle taxis – known in Kenya as ‘bodabodas’ - are responsible for more than 50 per cent…
Brexit bonus: African and UK representatives meet in London in 2020. PA images

Post-Brexit Ecowas deal dead on arrival

A new twist in the proposed UK-Ecowas pact may have dashed any hope of a Brexit bonus for West Africa, reports Francis Ezem. Britain may have left the European Union (EU) as planned at the start of the year, but…
Ethiopian denim queen glams up Dubai

Ethiopian denim queen glams up Dubai

Ethiopian designer Feiruza Mudessir talks to Judy Cogan about her streetwear stylings, and how she’s creating an Ethiopian-inspired oasis amid the bling and skyscrapers of the UAE. Feiruza Mudessir opened her first stand-alone store at The Westin Mina Seyahi hotel…
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