Buhari strikes $5bn Shell investment for Nigeria
19 July 2018 | 4:29 pm
Buhari strikes $5bn Shell investment for Nigeria.
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Here are a few reasons to pick up a copy of The Guardian on Tuesday. Find these stories and much more when you grab a copy of The Guardian on Tuesday.
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Google CEO Sundar Pichai announces that the tech giant will invest $1 billion over the next five years to allow for faster and more affordable internet access and support entrepreneurship in Africa. Internet reliability is a problem in Africa where less than a third of the continent's 1.3 billion people are connected to broadband, according to the World Bank. But the continent, where nearly half the population is under 18, is a promising market.
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Experts question whether Google's planned $1 billion investment in Africa stands to benefit the continent in the long term. Instead, some see it as another avenue for big tech companies to acquire budding start-ups.
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The EU Commission on Wednesday (1 December) unveiled its plan to invest €300bn by 2027 in global infrastructure in digital and climate projects - as an alternative to China's Belt and Road initiative.
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Chinese private investment in Uganda is growing while Westerners are losing appetite to put money to work in the country, President Yoweri Museveni told Reuters, pledging to step up efforts to tackle corruption which has made slow progress. Museveni, in power since 1986 and one of Africa's longest-serving leaders, said Uganda was working to sign a number of deals with Chinese private sector lenders in sectors from agro- and fertilizer-processing, minerals processing or textiles.
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Tensions between China and Lithuania soared after Taiwan was allowed to open a de facto embassy in Vilnius. Now, Taiwan wants to help offset the financial cost that comes with angering Beijing.
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Chief Executive officer, Dangote Foundation, Zouera Youssoufou Speaking on Women Working For Change |Panel on From 300 to 3,000: What if tomorrow's African champions were women? She spoke at the ongoing Africa CEO forum in Abijdan, Coted'lvoire. Women represent an untapped economic opportunity on the continent, in sub-Saharan Africa alone, closing the gender gap could generate an additional $85 billion yearly.