Business

Kenya’s tea output plunged 27 percent in the first quarter of 2015 from a year before due to dry weather conditions, data from the industry regulator showed. Kenya is the world’s leading exporter of black tea and the commodity is a major foreign exchange earner for East Africa’s biggest economy. Data posted on the Agriculture,…

Nigeria’s states owe 658 billion naira ($3.3 billion) and one way out of the financial crisis could be for banks to extend loans to them to up to 20 years, Zamfara state governor said on Tuesday. President Muhammadu Buhari, who said on Monday the country’s treasury was “virtually empty”, said after a meeting with the…

First it was the Chinese and now the Americans are heading to Africa. The US anticipates trade relations could reach up to 25 billion dollars. So what took our Yankee partners so long? CNBC Africa sat down with Anthony Foxx, US Secretary of Transportation, and Haroon Kumar, Assistant Secretary of Commerce for Global Markets.

The board of directors of the Nigerian Aviation Handling Company Plc (NAHCO) has declared a total dividend of N295.312 million, at 20 kobo for every ordinary share in issue and a bonus of one new share for every 10 shares held for its shareholders in the year ended 31st December 2014.

WITH the just concluded visit of the International Civil Aviation Organisation (ICAO) and the World Health Organisation (WHO) in their global effort to improve states’ preparedness, planning and responses to public health events at airports, several lessons have been learnt on how to increase vigilance on medical emergencies over communicable diseases transiting through the nation’s airports.

IN recognition of the fact that Small and Medium Scale Enterprises (SMEs) now contribute about 46 per cent to Nigeria’s Gross Domestic Product (GDP), experts have called for, among others, policy consistency that will further drive their growth.

Anxieties now rule the waves among local textile and furniture manufacturers, following the delistment of their items from the import prohibition list by the former administration, through a directive in April, with the Nigeria Customs Service now set for its implementation.

THE International Air Transport Association (IATA) has called for governments, safety regulators and industry stakeholders to take action to drive aviation connectivity and infrastructure development in Africa for the economic and social development of the continent.

CHINA stocks rose for the third straight day on Thursday as banking heavyweights gained on Beijing’s decision to abolish lenders’ debt-to-loan ratio, and as the central bank moved to increase short-term liquidity.

MANAGING director of Arik Air, Chris Ndulue, has pledged to work with the new Commissioner of Police, Murtala Muhammed International Airport, Lagos to improve security in its operations.

Lagos Chamber of Commerce and Industry (LCCI) has presented the prospectus for the 2015 international trade fair, with new scripted to support the government’s economic diversification agenda.

EUROPEAN shares extended losses on Thursday as concerns that Greece could be edging closer to a debt default prompted investors to cut their exposure to risk.