Nigeria’s Economic Decline: We Cannot Claim Progress While GDP Drops by $100B in a Year – Prof Ekekwe Warns

Renowned economist and technology entrepreneur, Prof. Ndubuisi Ekekwe, has raised concerns about Nigeria’s worsening economic situation, citing significant declines in the country’s Gross Domestic Product (GDP) and unsustainable borrowing practices. Speaking on the current state of Nigeria’s economy, Ekekwe highlighted alarming statistics that reveal a substantial contraction in GDP over the past eight years, and…

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Tanzania completes $300m Lake Victoria bridge, aims to boost regional trade

Tanzania has successfully completed the construction of a 3.2-kilometre bridge over Lake Victoria, an ambitious infrastructure project costing $300 million. The newly completed bridge, which spans the Mwanza Gulf, is set to significantly enhance trade connectivity between Tanzania and its East African neighbours, including Uganda, Rwanda, and Burundi. Located near the city of Mwanza, the…

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Dangote Refinery will save Africa from being a Dumping Ground – Grenada PM

The Prime Minister of Grenada, Dickon Mitchell, has described the Dangote Petroleum Refinery and Petrochemicals as a significant investment in industrialisation and manufacturing needed by developing countries for their industrial growth. He noted that it is through this type of investment that Africa and the developing countries can reverse the cycle of exporting raw materials…

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