Repositioning Nigeria for investment amid COVID-19
With a 25 per cent to 40 per cent forecast decline in foreign direct investment to Africa, different countries in the region will be looking to reposition themselves to take full advantage of the low FDI flows as a source of revenue that has been hit by the COVID-19 pandemic. Meanwhile, Ministers from the ECOWAS region are calling for a coordinated plan to re-open cross border trading. Sam Chidoka, Managing Director and CEO of Kairos Capital joins CNBC Africa for more.
Buhari criticises breach of agreements on ECO currency
Nigeria’s President Mohammadu Buhari has expressed displeasure about Francophone West Africa’s adoption of the Eco in replacement for its CFA Franc ahead of other ECOWAS Member States. Buhari says it was a matter of concern that people with whom others wished to go into a union were taking major steps without trusting their counterparts for discussions. Tilewa Adebajo, CEO of CFG Advisory joins CNBC Africa for more.
40 Nigerian health workers test positive for coronavirus, COVID-19 vaccine trial on humans begins in UK
Here is why you should pick a copy of The Guardian on Friday. Find these stories and much more when you grab a copy of The Guardian on the newsstands on Friday.
Moody’s: Rising debt burdens raising sustainability concerns in ECOWAS region
Moody’s Investors Service says debt burdens have risen across ECOWAS member states raising concerns over debt sustainability in the region. Lucie Villa, Vice President and Sovereign Analyst at Moody’s joins CNBC Africa’s Kenneth Igbomor to discuss the debt concerns in West Africa.
ECOWAS to help probe the impact of Nigeria’s land border closures
Heads of State from the Economic Community of West African States (ECOWAS) have agreed to set up a committee to study and make a full report on the impact of Nigeria’s land border closure with her neighbours. Nigeria had closed its borders in August 2019. The government says the decision seeks to curb smuggling among others. But was this move the right call? Joining CNBC Africa for more is Paul Alaje, Senior Economist at SPM Professionals.
$1bn pledge by ECOWAS is coming too late - Journalist
Journalist, Charles Ideho shares his thoughts on the $1bn pledge made by ECOWAS in tackling terrorism in the sub-region and the Sahel, says it is coming too late by his estimation.
ECOWAS backs Adewumi Adesina’s 2nd term bid for AfDB presidency
The Economic Community of West African States (ECOWAS) has endorsed the candidacy of African Development Bank President Akinwumi Adesina for a second term at the helm of the institution.
What Buhari told ECOWAS Heads of States at 55th Ordinary session
What Buhari told ECOWAS Heads of States at 55th Ordinary session.
9th Senate writes AU, ECOWAS, others at first plenary
9th Senate writes AU, ECOWAS, others at first plenary.