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Africa

Green Africa Airways to add three new routes

Nigeria’s Green Africa Airways plans to expand its network from Abuja, the country’s capital, with three new domestic routes starting Aug. 12. The airline intends to fly to Ibadan and Kano twice daily and offer a daily flight to Sokoto. Service will also resume from Abuja and Owerri with four …

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FEMI OTEDOLA ACQUIRES TRANSCORP

Before now, UBA Chairman and Nigerian billionaire, Tony Elumelu, was the majority shareholder of Transnational Corporation of Nigeria Plc (Transcorp), a publicly traded diversified conglomerate. But that is now history, as Dangote’s best friend and DJ Cuppy’s dad, Femi Otedola, has taken over the company from Tony through an overnight …

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Establishment of Special Economic Zones in DRC and Zambia

African Export-Import Bank (Afreximbank) and the United Nations Economic Commission for Africa (ECA) have signed a Framework Agreement with the Democratic Republic of Congo and the Republic of Zambia for the establishment of Special Economic Zones (SEZ) for the production of Battery Electric Vehicle (BEV) and related services. Under the terms …

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