Governors Diri and Muftwang Sign Historic $1 Billion Agreement for Energy and Agriculture

diri and muftwang

Bayelsa State Governor Duoye Diri and Plateau State Governor Caleb Muftwang have signed a Memorandum of Understanding (MoU) to collaborate on power, renewable energy, and agricultural products, aiming to foster positive growth in their respective states. This agreement was finalized at the FIN Annual International Business Round Table and Forbes Best of Africa Award Ceremony, […]

Diri, Muftwang Sign Deal On Solar Power, Gas

Diri

Bayelsa State Governor Duoye Diri and Plateau State Governor Caleb Muftwang have signed a Memorandum of Understanding (MoU) focusing on electricity, renewable energy, gas, and agricultural products. The agreement was finalized recently in Lisbon, Portugal, during the Foreign Investment Network (FIN) Annual International Business Round Table and the Forbes Best of Africa Award Ceremony, which […]

South African Start-Up Interested In 25% Stake In Air Zimbabwe

A proposal has been submitted to the Zimbabwean government by Fly Modern Ark in which the South African start-up would provide Air Zimbabwe with Xian Aircraft Company turboprop equipment in return for a 25% stake in the state-owned airline. Air Zimbabwe is an existing MA-60 operator with three acquired from China during the last decade. […]

Ethiopian Stops Negotiations To Manage Arik Air

Ethiopian’s chief executive has disclosed that Ethiopian airlines have ended negotiations with the Nigerian government to manage the biggest private Nigerian airline, Arik Air. Through the Asset Management Corporation of Nigeria (AMCON), the government of Nigeria has taken control of Arik Air after the airline failed to pay its employees and creditors for months and […]

Qatar’s LNG Expansion Is Expected To Boost GDP Growth

Qatar’s tremendous Liquefied Natural Gas (LNG) extension plan is supposed to boost the country’s Gross Domestic Product (GDP), according to the statement published by BofA Global Research. Moreover, the country’s economy is also expected to observe a surplus of QR12.5bn hit by higher oil prices. In addition, BofA Global Research, in one of the reports, […]

HSBC Pulls Itself Out From Loss-Making US Retail Banking

In May 2021, HSBC announced its exit from the US retail banking business. This strategic move will include: Exit from 90 out of 148 branches. Gradually it will also wind down the remaining 40-50 branches. Exiting all the retail banking customers. Exit from Advance, Personal, and some Premier customers.  In a statement issued by the […]

How The UK Economy Lags Behind Other Countries In Covid-19 Restoration?

The UK’s restoration from the destruction caused by the Covid pandemic staggered behind many other big economies in the initial three months of 2021. The economic return was 8.7% below pre-pandemic levels at the finish of 2019, stated by the Organisation for Economic Co-operation and Development (OECD). In general, the economic output of the G20 […]

World Bank Pledges To Give More Funds For Climate Action in Developing Countries

On June 22, 2021, the World Bank Group declared its latest Climate Change Action Plan that strives to give record levels of environmental finance to developing countries, reduce the path of emissions, align financial flows, and strengthen adaptation with the objective of the Paris Agreement. Moreover, the Action Plan for 2021 to 2025 expands the […]

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