Day: June 9, 2020

The two-year, comprehensive feasibility study will assess the proposed project’s technical, economic, environmental and social viability The African Development Bank’s Board of Directors has approved a $1.2 million grant to Ethiopia’s government to finance a feasibility study for construction of a standard-gauge railway (SGR) link between Ethiopia and neighbouring Sudan. The grant, from the African…

Nigeria’s total foreign trade decreased by 17.94% to N8.3trn ($21.4bn) in the first quarter of 2020 when compared with the forth quarter of the previous with a figure of N10.12trn ($27bn), according to new data released by the National Bureau of Statistics. However, the latest figure represents a 0.8% year on year increase from the…

A business rescue plan for beleaguered state- owned airline South African Airways continues to hit turbulence. Business rescue practitioners Les Matuson and Siviwe Dongwana were meant to present a final plan to creditors today, but have asked for yet another extension, following disagreements with trade unions at the airline.  In a letter to creditors on…