Category: Business - Page 7 - African News Today

Rwanda Launches Economic Recovery Program for Creative Industry

25Jul

By Obiajulu Joel NwoluNo Comments

Covid-19, Economy, Fashion, Finance, Movies and Films, Music, News, Rwanda, Youths

Rwanda Launches Economic Recovery Program for Creative Industry

Rwanda on Friday launched a multi-party COVID-19 recovery program known as Cultural and Creative Industry Recovery Plan to uphold enterprises in the cultural and creative industry, as well as artists. According to a press release, the recovery plan aims to support seven Rwandan federations in the sectors of music, film, plastic arts, writing, beauty and fashion, traditional dance and performing arts It targets to provide 300 million Rwandan francs (about 313,000 U.S. dollars) in grants to uphold initiatives from art enterprises and artists, promote access to resources, facilities and training opportunities free for artists, and engage Rwandans to learn about, love and buy made-in-Rwanda art. The press release said that the outbreak of COVID-19 has prompted measures which resulted ...

Borno State Governor, Zulum Lauds Igbo Traders, Pledges Financial Incentive

22Jul

By Obiajulu Joel NwoluNo Comments

Economy, News, Nigeria

Borno State Governor, Zulum Lauds Igbo Traders, Pledges Financial Incentive

The executive governor of Borno State, Babagana Umara Zulum lauded car spare-parts’ traders who are mostly of Igbo extraction for their resilience and sustenance of business operation even in the face of insurgency which began in 2009. Zulum gave the compliment on Tuesday when he paid a visit to ‘Bola’, Maiduguri’s most famous automobile parts market. The governor had lately given the market a facelift by constructing roads to ease commuting to the market. Sulum assured the Igbo traders of his administration’s support through a soon to be introduced incentive to support their business and growth of the state. He said, “For the last one decade you have remained firm, and you have been with us all the time. Even, during the peak of the insurgency, even when our people are leaving t...

Kenya Plans Reintroduction of Betting Tax

3Jul

By Obiajulu Joel NwoluNo Comments

Economy, Finance, Kenya, Lifestyle, News, Sports

Kenya Plans Reintroduction of Betting Tax

The government of Kenya has concluded plans to reintroduce taxation of betting companies within six months following a public outburst over cancellation of the 20 percent duty in the Finance Bill 2020. Ukur Yatani, Treasury Cabinet Secretary heaped blame on the Parliament, referencing lobbying of government for the removal of the taxes. Mr. Yarani said, “The players in the industry have been petitioning the government to reduce taxation in the industry,” “The removal of this tax happened during the committee stage of the bill…The National Treasury will be proposing to the National Assembly the re-introduction of the excise duty on betting within the next six months.” Kenya ceased taxing betting firms after a proposal on May15 by an unclear stakeholder group, identified only by ...

Lagos inaugurates FADAMA Food Market in Badagry

21Feb

By Debo OmilaniNo Comments

Agriculture, Economy, Lagos News, Nigeria

Lagos inaugurates FADAMA Food Market in Badagry

Lagos State Government today inaugurated a new Food Market at Agbalata, in Badagry Local Government in order to structure agricultural produce marketing for traceability and quality assurance. The Special Adviser to the Governor on Agriculture, Ms. Abisola Olusanya, who inaugurated the market, explained that the new FADAMA Food Market would also promote availability of wholesome food to the populace at affordable prices as well as create farmgate price advantage through the elimination of middlemen. She noted that the market which was a product of a collaborative effort with multilateral Agencies, especially the World Bank and the Federal Government, would also reduce post-harvest losses whilst giving optimum returns to farmers for their efforts. Acco...

Sanwo-Olu assures Business Community on Investment Friendly Policies

20Feb

By Debo OmilaniNo Comments

Lagos News, Nigeria

Sanwo-Olu assures Business Community on Investment Friendly Policies

Lagos State Governor, Mr. Babatunde Olusola Sanwo-Olu has assured business community in the State of his administration’s commitment to engage and partner with stakeholders while also implementing investment friendly policies and guarantying security of lives and property. The Governor gave the assurance on Thursday while speaking at a Breakfast Meeting with the Lagos Business Community held at the Banquet Hall of the State House, Alausa-Ikeja. The Deputy Governor, Dr. Kadri Obafemi Hamzat who represented the governor said “As a responsive government, we are not resting on our oars and will continue to provide necessary tools and support that would translate into greater opportunities with the overall aim of ensuring sustainable economic and social development of ...

Our PPP Initiative Yielding Results, Says Ogun State Gov.

20Aug

By Debo OmilaniNo Comments

Economy, News, Nigeria

Our PPP Initiative Yielding Results, Says Ogun State Gov.

Ogun State Governor, Prince Dapo Abiodun on Tuesday reiterated that his government Public Private Partnership initiative is already yielding results as large number of investors have started trooping to the State to explore business opportunities. The State Governor, Prince Dapo Abiodun, made this statement known when he received the Chief Executive Officers of S&W and Sigma Limited who paid him a courtesy call.in his office at Oke-Mosan, Abeokuta. The team had Mafia Charles and Adeshina Olaitan for Zigma Limited, while S&W Corporation, had Orji Orlo Imoh and it's president, Jung Woo Jin and has partnered with companies like Daewoo and Samsung in the past. Abiodun, said the Public Private Partnership was initiated by his administration, to enable corporate entities and go...

We are Looking at the Possibility of Starting the Kwara Version of Trader-Moni – AbdulRazaq

2Aug

By Debo OmilaniNo Comments

Economy, Employment, Finance, News, Nigeria

We are Looking at the Possibility of Starting the Kwara Version of Trader-Moni – AbdulRazaq

The Kwara State Governor AbdulRahman AbdulRazaq has affirmed his position to understudy the TraderMoni programme of the Federal Government to extend soft loans to traders in Kwara version to reduce mass poverty. This contained in a statement by his spokesman, Rafiu Ajakaye while the governor visited the Abuja headquarters of the Government Enterprise and Empowerment Programme (GEEP), the implementers of the TraderMoni initiative, with the aim to replicate same in Kwara State. GEEP, which is supervised by the Bank of Industry, is one of the four sub-programmes of the National Social Investment Office (NSIO). The statement said the visit was for AbdulRazaq to discuss partnership with GEEP handlers on how Kwarans can further access the micro loans and lift thousands of people out of ...

Nigeria: Investigate Pre-shipment Inspection Cancellation Order, Groups Urges Lawan

30Jul

By Debo OmilaniNo Comments

Economy, Finance, News, Nigeria

Nigeria: Investigate Pre-shipment Inspection Cancellation Order, Groups Urges Lawan

A group, Social Integrity Network (SIN) on Tuesday urged the Senate President, Dr. Ahmad Lawan to urgently investigate the pre-shipment inspection which was cancelled by the Nigeria Customs Service during the tenure of Alhaji Dikko Inde, former Comptroller of Customs. The Protesters who stormed the streets of Kaduna after press conference to demonstrate over the failing economic situation in the nation allying the fear that the war against insurgency may not end so soon. At a press conference held, the Social Integrity Network, (SIN) said: “If Nigeria government is really serious about the fight insurgency, they must revisit the matter and reverse the action with immediate effect. Because it is through this means that dangerous weapons are finding their ways into the country. “D...

We’re Committed to Making Ogun State Investment Choice Destination – Abiodun

12Jul

By Debo OmilaniNo Comments

Economy, News, Nigeria

We’re Committed to Making Ogun State Investment Choice Destination – Abiodun

The Ogun State governor, Prince Dapo Abiodun, on Thursday said that the state is irrevocably committed to ensuring that it becomes the investment choice of the country and the world. He disclosed the position in Lagos at a programme organized by the London Stock Exchange in conjunction with PwC Nigeria to launch a report " Companies to Inspire Africa 2019". According to the governor, his government believed that no government has the "monopoly of funds" He explained that a consortium of banks and other willing investors had approached the state for a chance to build the largest Creative Arts and Entertainment village in the state and we obliged. "We also appreciate the fact that no government has the monopoly of funds to engender a wholesome and sustainable development; w...

Lagos State Partners Netherlands on Health, Education, Water Transportation

12Jul

By Debo Omilani1 Comment

Economy, Education, Lagos News, News, Nigeria

Lagos State Partners Netherlands on Health, Education, Water Transportation

Lagos State Governor, Mr. Babajide Sanwo-Olu has reiterated his administration's commitment to partner with Netherlands on health, Education, technology, trade, tourism and infrastructure. Sanwo-Olu stated this while playing host to the team led by Netherlands Minister for Foreign Trade, Development and Cooperation, Mrs Sigrid Kaag who paid him a courtesy visit in his office in Alausa, Ikeja, Lagos. According to him, there are investment opportunities in Lagos, adding that the state is home to all, emphasising that the environment is friendly for foreign investors. The Governor thanked the team for the visit, and explained that Netherlands and Lagos share certain similar features such their locations below the sea level and technology which he said would assist in the bilateral ar...