Tag Archives: Nigeria

Universal Music Grows African Presence With Launch Of Nigeria Division

First signings include Tekno, Stonebwoy and Mr Eazi.

Universal Music is further growing its operations in Western Africa with the launch of its first dedicated label in Nigeria.

Based in Lagos, Universal Music Nigeria will be headed by veteran executive Ezegozie Eze Jr., who has previously held roles at South African-based Channel O Television, Nigerian independent label Empire Mates Entertainment and was a founder of Pan-African creative companies, Republic 54, Alore Group and Duma Collective. He will report to Sipho Dlamini, managing director of Universal Music South Africa and Sub-Saharan Africa. In addition to Nigeria, the label will cover neighboring English speaking-markets Ghana and Gambia.

Among its first signings are Banku singer-songwriter Mr Eazi, Nigerian artist Tekno (in…

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Nigeria and South African Startups Shine in the List of 10 Startups Selected for SBC Afritech 2018

Startupbootcamp (SBC) AfriTech gave a list of 10 startups that it shortlisted to take part in its 2018 cohort all have “market-ready” solutions. According to the CEO of SBC, Philip Kiracofe, the sponsors of the accelerator are ready to work with the startups immediately. The announcement of the ten startups joining the second cohorts of the SBC accelerator based in Cape Town was made on 13th June 2018. That is the day when the two-day selection of the startups came to an end at offices of PwC in Cape Town.

The accelerator recently re-branded to Startupbootcamp AfriTech. This aimed at making the startup have a better focus on African technology. Its sponsors comprise of Old Mutual, Nedbank, Paribas, BNP, RCS among others. While making the announcement, Kiracofe promised the startups that…

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Cautious Nigeria agrees to sign African continental free-trade agreement

Abuja — Nigeria would soon sign up to an African continental free-trade agreement, President Muhammadu Buhari said.

Buhari made the comment on Wednesday at a media conference during a visit by President Cyril Ramaphosa.

The agreement was signed by 44 countries in March, with SA joining earlier in July.

Before leaving Nigeria for the Middle East on Wednesday Ramaphosa urged the Nigerians to join the free-trade agreement.

Ramaphosa said Nigeria should take its time to consult on the agreement before signing up, but shouldn’t “take too long”.

“The continent is waiting for Nigeria and SA.

“By trading among ourselves, we are able to retain more resources in the continent,” he said in Abuja on Wednesday.

At a joint media conference with Ramaphosa later in…

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Nigeria will soon sign African free trade agreement, says ‘slow reader’ Buhari

Nigeria’s President Muhammadu Buhari said on Wednesday that the country will sign up soon to a $3 trillion African free-trade agreement.

Nigeria is one of Africa‘s two largest economies, the other being South Africa. Buhari’s government had refused to join a continental free-trade zone established in March, on the grounds that it wishes to defend its own businesses and industry.

More on this: Africa agrees to giant trade bloc, but Nigeria and South Africa sit it out

The administration later said it wanted more time to consult business leaders.

“In trying to guarantee employment, goods and services in our country, we have to be careful with agreements that will compete, maybe successfully, against our upcoming industries,” Buhari told a news conference during a visit by South African President…

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49 African Countries Signed The Free Trade Pact…Except Nigeria

Nigeria always stands out – and a lot of times, not in a good way. Yesterday, 49 out of the 55 members of the African Union signed the African Continental Free Trade Area (AfCFTA) agreement. 

The chairperson of the African Union and the President of Rwanda, Paul Kagame made the announcement in Nouakchott during the closing ceremony of the 31st summit of the 55-member African Union.

(Photo: Aljazeera)

But Nigeria and five other countries did not sign the agreement. 

Countries that signed the AfCFTA Consolidated Text earlier are Niger, Rwanda, Angola, CAR., Chad, Comoros, Congo, Djibouti, The Gambia, Gabon, Ghana, Kenya, Mauritania, Mozambique, Cote’d’Ivoire, Seychelles, Algeria, Equatorial Guinea, Morocco, Swaziland, Benin, Burkina Faso, Cameroon, Cape Verde, DRC,…

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*** This news item is 3rd party content and is included strictly for non-commercial informational purposes.

Macron Nigeria visit: Let’s provide new hope for African youth in Africa

It was a wide-ranging trip where he announced plans for a series of cultural events dedicated to Africa in 2020, met the President formally, launched a France-Nigeria investment club and appealed to young people not to take “crazy risks,” to reach Europe.

But it was clear the migrant crisis was high on his agenda.

President Macron said it was important for Europe to help Africa succeed to tackle the crisis, which has reached critical levels as European countries wrangle over whether to allow rescue ships carrying migrants to dock in their ports.

Macron said it was a ‘win, win game,” for everyone if Africa succeeds.

“The loser’s game is to have extremists in Europe playing on fears and sometimes on racism and saying African people are losers, they want to invade us. It is to have African people…

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*** This news item is 3rd party content and is included strictly for non-commercial informational purposes.