Nigeria has secured a $652 million loan from China's Exim Bank to fund the construction of a major road linking key economic hubs in Lagos to several southern states.

Public Works Minister David Umahi says the road will serve as a critical evacuation corridor for goods from the Lekki Deep Sea Port, the Dangote Petroleum Refinery, Africa's largest and its adjoining fertiliser plant.

The Federal Executive Council approved the funding, chaired by President Bola Tinubu.

Thami Ngubeni spoke to The Economist and the managing director time Timeline Consulting Limited, Nigeria, Idris Shuaibu...

Nigeria has secured a $652 million loan from China's Exim Bank to fund the construction of a major road linking key economic hubs in Lagos to several southern states.
Public Works Minister David Umahi says the road will serve as a critical evacuation corridor for goods from the Lekki Deep Sea Port, the Dangote Petroleum Refinery, Africa's largest and its adjoining fertiliser plant.
The Federal Executive Council approved the funding, chaired by President Bola Tinubu.
Thami Ngubeni spoke to The Economist and the managing director time Timeline Consulting Limited, Nigeria, Idris Shuaibu...

In-depth financial issues, profiling of African businesses doing well internationally, stocks & market updates.

In-depth financial issues, profiling of African businesses doing well internationally, stocks &amp; market updates.

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Africa in Business

Nigeria secures $652 million loan from China's Exim Bank

South African President Cyril Ramaphosa has wrapped up his two-day State Visit to Botswana aimed at strengthening bilateral ties between the neighbouring countries.

During the visit, President Duma Boko and President Ramaphosa co-chaired the 6th Session of the Botswana–South Africa Bi-National Commission on Thursday, where both nations signed a number of MOU's and a committment to fast-tracking high-impact priority projects focused on boosting trade, economic cooperation, infrastructure connectivity, regional integration, sustainable development and agriculture.

To shed more light on the significance of this economic diplomacy milestone for both countries and the broader SADC region, we are now joined on the line by Professor Philippe Burger, Dean of the Faculty of Economic and Management Sciences and Professor of Economics at the University of the Free State.

South African President Cyril Ramaphosa has wrapped up his two-day State Visit to Botswana aimed at strengthening bilateral ties between the neighbouring countries.
During the visit, President Duma Boko and President Ramaphosa co-chaired the 6th Session of the Botswana&ndash;South Africa Bi-National Commission on Thursday, where both nations signed a number of MOU's and a committment to fast-tracking high-impact priority projects focused on boosting trade, economic cooperation, infrastructure connectivity, regional integration, sustainable development and agriculture.
To shed more light on the significance of this economic diplomacy milestone for both countries and the broader SADC region, we are now joined on the line by Professor Philippe Burger, Dean of the Faculty of Economic and Management Sciences and Professor of Economics at the University of the Free State.

Ramaphosa wraps up Botswana visit with focus on trade, regional growth

This evening on our SME Feature, Kenyan based enterprise that transforms discarded glass bottles into elegant handcrafted décor and functional homeware.

The journey for founder Nyandia Kamawe, began during the uncertainty of the Covid-19 pandemic has evolved into a sustainable business creating jobs for women, supporting the circular economy, and redefining how waste can be turned into value.

From artistry and environmental conservation to entrepreneurship and women's empowerment, we explore how MokoMaya is building a business with both social and environmental impact.

This evening on our SME Feature, Kenyan based enterprise that transforms discarded glass bottles into elegant handcrafted d&eacute;cor and functional homeware.
The journey for founder Nyandia Kamawe, began during the uncertainty of the Covid-19 pandemic has evolved into a sustainable business creating jobs for women, supporting the circular economy, and redefining how waste can be turned into value.
From artistry and environmental conservation to entrepreneurship and women's empowerment, we explore how MokoMaya is building a business with both social and environmental impact.

Kenyan SME empowers women through sustainable glass recycling

South Africa (SA) stands ready to partner with Botswana, as the once diamond rich nation marches towards the diversification of its economy in the wake of declining sales on the global market. For many years, Botswana has been an economic jewel of Africa.

Botswana was stable, wealthy, and free of economic chaos.But today, Botswana's economy is collapsing into crime, stagnation, and political turmoil with investors fleeing the country.

More from our correspondent in Botswana Shingarai Madondo.

South Africa (SA) stands ready to partner with Botswana, as the once diamond rich nation marches towards the diversification of its economy in the wake of declining sales on the global market. For many years, Botswana has been an economic jewel of Africa.
Botswana was stable, wealthy, and free of economic chaos.But today, Botswana's economy is collapsing into crime, stagnation, and political turmoil with investors fleeing the country.
More from our correspondent in Botswana Shingarai Madondo.

Nigeria secures $652 million loan from China's Exim Bank

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