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business news

  • 2015-02-09       Nigerian state to invest US$36.13mn for rural road development
  • The Delta State government has announced that it will invest US$36.13mn to construct rural roads in the Nigerian state The states Urban and Rural Roads Ministry said that it will first investigate the condition of the seven kilometres Ewulu...

  • 2015-02-02       Chinese consortium to begin work on Ugandan copper mine
  • Chinas Tibet-Hima Industries Consortium is set to begin copper mining at the Kilembe Mines in Uganda in May 2015 The consortium took over operations of the mine from Kilembe Mines Limited in 2013 and since, has been executing technical work...

  • 2014-11-17       Nigeria's Arik Air to commence direct flights to Italy by 2015
  • Nigerias leading carrier Arik Air has revealed that it plans to operate direct flights to Milan and Rome by 2015 Joseph Arumeni Ikhide, chairman of Arik Air met with Fulvio Rustico, the Italian ambassador to Nigeria, where they discussed th...


  • 2014-07-18       Tanzanian port recieves Chinese backing
  • Chinas Export Import Bank has announced its support to the development of the US$11bn Bagamoyo Port in Tanzania According to reports, Phase 1 of the deep-water port could begin in 2017. Located 75km south of Dar es Salaam, the port is expec...