23/6/2016/AIF This year’s winners offer innovative responses to address malaria & HIV/AIDS, two of Africa’s greatest disease burdens In a glittering ceremony that marked the five-year milestone anniversary of the Innovation Prize for Africa the landmark programme of the African Innovation Foundation (AIF) innovative healthcare solutions took pole position this […]
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Africa’s richest man got a fistful of dollars in Nigerian currency squeeze
Thu Jun 23, 2016/Reuters By Ulf Laessing and and Himanshu Ojha As Nigeria grapples with a foreign exchange crisis, one person stands out in the scramble to obtain hard currency: Aliko Dangote, Africa’s richest man. When the government restricted the supply of dollars in June 2015 to prop up […]
Naira devaluation, oil sector crisis threaten banks
June 24, 2016/Punch By ’Femi Asu The capital adequacy ratios of a number of Nigerian banks will come under increasing pressure should the weakness in the naira and crisis in the nation’s oil sector persist, Fitch Ratings has said. CAR, which is a measure of a bank’s capital, is used […]
