As more Nigerians and citizens of other countries continue to intensify efforts to migrate to Canada, the Canadian Government invited 7,200 Express Entry candidates to apply for permanent residency in the latest draws held on November 13th and 27th respectively. According to the latest Canada Immigration Newsletter, the minimum Comprehensive Ranking System (CRS) score required dropped to 471. This is a reduction of one point from the previous Express Entry draw held on November 13, which had...

The Governor of the Central Bank of The Gambia, Bakay Jammeh said the domestic debt as at the end of October 2019, has increased to D33.0 billion compared to 31.1 billion in 2018. He said this yesterday during the Monetary Policy Committee meeting held at the Central Bank of The Gambia. He said this increment constitutes 37.6 and 40.3 percent of the Gross Domestic Product respectively, with an increase in the stock of Treasury and Suku al-Salaam bills by 14.8 percent to 19.7 billion during...

Former Finance minister and Harare East legislator Tendai Biti says Zimbabwe needs to reintroduce the multi-currency regime, seek debt cancellation and liberalize the fuel industry, among other interventions, to get the economy ticking again. In an interview, Biti also said a political solution is a key to addressing Zimbabwe's economic crisis and resolving the crisis of legitimacy emanating from last year's general elections. President Emmerson Mnangagwa beat MDC Alliance president Nelson...

Online retailer Jumia Technologies, has quit the Tanzanian market, only days after pulling out of Cameroon. Jumia becomes the second digital trading company to exit the local market after money lender, Tala, closed business last September. Dubbed "the Amazon of Africa," Jumia announced yesterday a review of its portfolio had led to shutting its e-commerce business in Tanzania. Reuters reported that Jumia's share price has plummeted since a Wall Street debut in April. "We have to focus our...

Young entrepreneurs in Rwanda can now breathe a sigh of relief after the Government and other partners unveiled a new initiative dubbed 'Envisage Youth Agribusiness Incubator Programme', which looks to help the entrepreneurs turn their startups into sustainable and profitable ventures. The program was unveiled on Thursday at the University of Rwanda's College of Agriculture and Veterinary Medicine (UR-CAVM) in Musanze District, Northern Province. The business incubation center for youth in...

KPMG has listed global pressure points and external shocks, fiscal unsustainability, exchange rate market, credit, and reactive policy environment as factors that would determine the success of the Nigerian economy in 2020. The multinational professional services firm disclosed this at the America Business Council’s second economic update on Wednesday in Lagos. Speaking at the forum, the Associate Director, Strategy and Economics, Management Consulting, KPMG Nigeria, Olusegun Zaccheaus,...

Local manufacturers and exporters have continued to lament over the land border closure policy of the Federal Government as they disclosed that over N5 billion had been lost in respect of imported materials waiting to enter the country. The disclosure came from manufacturers under the Manufacturers Association of Nigeria Export Promotion Group (MANEG) as they demanded that goods with fully paid duties be allowed into the country. That the manufacturers noted that releasing the goods would...

The number one citizen in Nigeria, President Muhammadu Buhari has disclosed that the needs of Nigeria cannot be catered for by earnings from petroleum resources the country possesses. The president’s spokesperson, Mr. Femi Adesina disclosed this on Thursday when he received the outgoing Cuban ambassador to Nigeria, Carlos Trejo Sosa, at Aso Rock, Nigeria’s presidential villa. President Muhammadu Buhari expressed his pleasure with the relationship between Cuba and Nigeria, with the hope that...

J.P. Morgan has an optimistic outlook on Asian stocks, with South Korea and India positioned to perform particularly well going into 2020. Still, J.P. Morgan said its 2020 year-end target for the index — which tracks large and mid-cap stocks across Asian markets, including China, Korea, and India — is roughly 8% above current levels. “bullish on Asian equities,” explaining, “With aggressive policy easing this year, bottoming of the trade uncertainty-driven sentiment shock, and limited macro...

J.P. Morgan has an optimistic outlook on Asian stocks, with South Korea and India positioned to perform particularly well going into 2020. Still, J.P. Morgan said its 2020 year-end target for the index — which tracks large and mid-cap stocks across Asian markets, including China, Korea, and India — is roughly 8% above current levels. “bullish on Asian equities,” explaining, “With aggressive policy easing this year, bottoming of the trade uncertainty-driven sentiment shock, and limited macro...

J.P. Morgan has an optimistic outlook on Asian stocks, with South Korea and India positioned to perform particularly well going into 2020. Still, J.P. Morgan said its 2020 year-end target for the index — which tracks large and mid-cap stocks across Asian markets, including China, Korea, and India — is roughly 8% above current levels. “bullish on Asian equities,” explaining, “With aggressive policy easing this year, bottoming of the trade uncertainty-driven sentiment shock, and limited macro...

J.P. Morgan has an optimistic outlook on Asian stocks, with South Korea and India positioned to perform particularly well going into 2020. Still, J.P. Morgan said its 2020 year-end target for the index — which tracks large and mid-cap stocks across Asian markets, including China, Korea, and India — is roughly 8% above current levels. “bullish on Asian equities,” explaining, “With aggressive policy easing this year, bottoming of the trade uncertainty-driven sentiment shock, and limited macro...

J.P. Morgan has an optimistic outlook on Asian stocks, with South Korea and India positioned to perform particularly well going into 2020. Still, J.P. Morgan said its 2020 year-end target for the index — which tracks large and mid-cap stocks across Asian markets, including China, Korea, and India — is roughly 8% above current levels. “bullish on Asian equities,” explaining, “With aggressive policy easing this year, bottoming of the trade uncertainty-driven sentiment shock, and limited macro...

Ukraine has denounced Apple for referring to the annexed Crimean Peninsula as a Russian territory on its apps. The way global companies identify Crimea has been a highly sensitive issue for both countries since Kremlin-backed forces annexed the region from Ukraine in March 2014. Ukraine and its Western allies have maintained that this move was illegal. For users of Apple devices in Crimea, the territory is now shown as part of Russia when it is searched on the U.S. tech giant’s Weather or Map...

Ukraine has denounced Apple for referring to the annexed Crimean Peninsula as a Russian territory on its apps. The way global companies identify Crimea has been a highly sensitive issue for both countries since Kremlin-backed forces annexed the region from Ukraine in March 2014. Ukraine and its Western allies have maintained that this move was illegal. For users of Apple devices in Crimea, the territory is now shown as part of Russia when it is searched on the U.S. tech giant’s Weather or Map...

Ukraine has denounced Apple for referring to the annexed Crimean Peninsula as a Russian territory on its apps. The way global companies identify Crimea has been a highly sensitive issue for both countries since Kremlin-backed forces annexed the region from Ukraine in March 2014. Ukraine and its Western allies have maintained that this move was illegal. For users of Apple devices in Crimea, the territory is now shown as part of Russia when it is searched on the U.S. tech giant’s Weather or Map...

Ukraine has denounced Apple for referring to the annexed Crimean Peninsula as a Russian territory on its apps. The way global companies identify Crimea has been a highly sensitive issue for both countries since Kremlin-backed forces annexed the region from Ukraine in March 2014. Ukraine and its Western allies have maintained that this move was illegal. For users of Apple devices in Crimea, the territory is now shown as part of Russia when it is searched on the U.S. tech giant’s Weather or Map...

Ukraine has denounced Apple for referring to the annexed Crimean Peninsula as a Russian territory on its apps. The way global companies identify Crimea has been a highly sensitive issue for both countries since Kremlin-backed forces annexed the region from Ukraine in March 2014. Ukraine and its Western allies have maintained that this move was illegal. For users of Apple devices in Crimea, the territory is now shown as part of Russia when it is searched on the U.S. tech giant’s Weather or Map...

EXPORT Processing Zones Authority (EPZA) has said building a huge base of industrial skills may make Tanzania a preferred investment destination by investors. This was said by the EPZA Director General Col (rtd) Joseph Simbakalia when addressing a delegation of senior lecturers from 16 Technical and Vocational Education and Training institutes from Tanzania, Ethiopia, and Kenya participating in the Eastern Africa Skills for Transformation and Regional Integration Project (EASTRIP) funded by...

EXPORT Processing Zones Authority (EPZA) has said building a huge base of industrial skills may make Tanzania a preferred investment destination by investors. This was said by the EPZA Director General Col (rtd) Joseph Simbakalia when addressing a delegation of senior lecturers from 16 Technical and Vocational Education and Training institutes from Tanzania, Ethiopia, and Kenya participating in the Eastern Africa Skills for Transformation and Regional Integration Project (EASTRIP) funded by...

EXPORT Processing Zones Authority (EPZA) has said building a huge base of industrial skills may make Tanzania a preferred investment destination by investors. This was said by the EPZA Director General Col (rtd) Joseph Simbakalia when addressing a delegation of senior lecturers from 16 Technical and Vocational Education and Training institutes from Tanzania, Ethiopia, and Kenya participating in the Eastern Africa Skills for Transformation and Regional Integration Project (EASTRIP) funded by...

EXPORT Processing Zones Authority (EPZA) has said building a huge base of industrial skills may make Tanzania a preferred investment destination by investors. This was said by the EPZA Director General Col (rtd) Joseph Simbakalia when addressing a delegation of senior lecturers from 16 Technical and Vocational Education and Training institutes from Tanzania, Ethiopia, and Kenya participating in the Eastern Africa Skills for Transformation and Regional Integration Project (EASTRIP) funded by...

EXPORT Processing Zones Authority (EPZA) has said building a huge base of industrial skills may make Tanzania a preferred investment destination by investors. This was said by the EPZA Director General Col (rtd) Joseph Simbakalia when addressing a delegation of senior lecturers from 16 Technical and Vocational Education and Training institutes from Tanzania, Ethiopia, and Kenya participating in the Eastern Africa Skills for Transformation and Regional Integration Project (EASTRIP) funded by...

The Nigerian government has reviewed its policy on stamp duty charges, levied on electronic payments. The new proposed finance bill disclosed that the N50 stamp duty charge would now be levied on electronic payments above N10,000 as against payment above N1,000. The finance bill is a plan by the Federal Government to revamp tax administration in the country by introducing various tax increment. However, the new bill exempts bank transfers between two accounts owned by the same person or...

The Central Bank of Nigeria (CBN) has disclosed that it is in talks with telecommunications companies (telcos) and the Nigerian Communication Commission (NCC) for new Unstructured Supplementary Service Data (USSD) charges. The disclosure was made by Samuel Okojere, CBN’s Director of Payment System Management while speaking at the 2019 Mobile Money Conference organized by the Association of Licensed Mobile Payment Operators (ALMPO) Okojie, who was represented by Aisha Isa-Olatinwo, Assistant...