Author: Editor

Drone Logistics And Transportation Market Gain A Stronghold By 2028| PINC Solutions Corp., Drone Delivery Canada Corp., DroneScan

Drone Logistics And Transportation Market Gain A Stronghold By 2028| PINC Solutions Corp., Drone Delivery Canada Corp., DroneScan

Business, Environment
The report study and forecasts the Drone Logistics and Transportation market on a worldwide and regional level. The study provides historical data of previous years along with a forecast from 2019 to 2028 based on revenue (USD Billion). The evaluation of Drone Logistics and Transportation market dynamics gives a brief idea of the drivers and market restraints together with the impact they have on the Drone Logistics and Transportation demand over the forecast timeframe. Moreover, the report also provides the study of opportunities available in the Drone Logistics and Transportation market globally. Global Drone Logistics and Transportation Market 2019 report includes wide-extending measurable details, which allow the customer to separate the future strategy and anticipate right executio...
Nigeria in 1min: Economic, Business and Financial Headlines – 141119

Nigeria in 1min: Economic, Business and Financial Headlines – 141119

Business, Environment
PROSHARE ECONOMY  Inflation Rate To Tick Up By 0.08% In October 2019 - In October, the International Monetary Fund (IMF) released its latest revision of the World Economic Outlook amidst a backdrop of rising global trade barriers and a downturn in global manufacturing activity. The One Factor Driving Today's Oil Markets - Oil continues to seesaw on every rumor (positive or negative) regarding the U.S.-China trade war. As a result, a lot of attention will be paid to President Trump's speech today at the New York Economic Club, where he may provide more clues into what to expect next. Markets are betting on an easing of tariffs. 2020 Outlook: Unpredictable and Disruptive Political Environment Exacerbates Credit Challenges - Our outlook for sovereign creditworthiness in 2020 is negative, r
Rhumbline Advisers Buys 9,004 Shares of Industrial Logistics Properties Trust (NASDAQ:ILPT)

Rhumbline Advisers Buys 9,004 Shares of Industrial Logistics Properties Trust (NASDAQ:ILPT)

Capital Market, Environment
Increased its stake in Industrial Logistics Properties Trust (NASDAQ:ILPT) by 8.7% during the third quarter, HoldingsChannel reports. The firm owned 112,584 shares of the company’s stock after acquiring an additional 9,004 shares during the period. Rhumbline Advisers’ holdings in Industrial Logistics Properties Trust were worth $2,392,000 as of its most recent filing with the Securities and Exchange Commission. Several other large investors also recently bought and sold shares of the stock. Vanguard Group Inc. bought a new stake in shares of Industrial Logistics Properties Trust in the 2nd quarter worth approximately $198,609,000. BlackRock Inc. bought a new stake in shares of Industrial Logistics Properties Trust in the second quarter valued at $121,660,000. Cohen & Steers Inc. bou
Africa Investment Forum: Family businesses – an underestimated economic driving force

Africa Investment Forum: Family businesses – an underestimated economic driving force

Africa, Business
Family businesses by nature often build lasting relationships, valuable in any investment climate Family businesses are rarely viewed as a sector which could influence economic growth, but the Africa Investment Forum is recognising them as important players on the continent. For the first time at a conference of this nature, families running business empires have been given a platform to share their views on how Africa’s unexplored wealth can benefit all who live here. The Elnefeidi Group, a family-owned business with more than 80 years of experience in various industries, is run by second and third generation members. It is one of the businesses that believes start-ups can help turn around the continent’s economies if they are supported and nurtured. “We need to take care of t
ENENOGE: NHIS is Key to Driving growth in the Health Care Sector.

ENENOGE: NHIS is Key to Driving growth in the Health Care Sector.

Features, Health
Emenoge Michael is the Chief Executive Officer of Weierstrass Micheal Universal Solutions Company Limited. He also manages the Providian Medical Centre in Kano State. In his interview with Inside Business Africa, he shares his opinion on the constraints facing the healthcare sector and how adequate finance and capacity will ensure efficient resource deployment in the sector. As a healthcare professional, what is your current assessment of the Nigerian healthcare sector. Well I would say we still have a very long distance to cover, In relation to other economies that is. We have policies well thought out but poorly implemented. The major problem however is a lack of adequate funding to drive growth, There are other problems though; inadequate manpower, inadequately traine...
Wefarm secures $13 Million in funding to scale its Smallholder Agricultural Ecosystem

Wefarm secures $13 Million in funding to scale its Smallholder Agricultural Ecosystem

Agriculture, Business
Wefarm Marketplace hits $1 million in sales in its first eight months Wefarm (Wefarm.co) the digital network for global small-scale agriculture, today announced it has raised $13 million in a Series A financing round led by Silicon Valley venture capital firm True Ventures (TrueVentures.com). This financing round will help Wefarm further scale its network of 1.9 million farmers, and its newly created Marketplace, to connect farmers in Africa, even those without internet access, to the information, products and services they need to be more successful. Investing alongside True Ventures are AgFunder and June Fund, among others. The company received significant follow-on investment from LocalGlobe, ADV and Norrsken Foundation. Founded in 2015, Wefarm is on a mission to create a g
Africa can be world’s next economic hub if supported with right policies – Singapore’s Senior Minister tells lecture audience

Africa can be world’s next economic hub if supported with right policies – Singapore’s Senior Minister tells lecture audience

Africa, Economy
Africa must spread its economic openness by strongly showcasing specialisation along the production value chain and invest more boldly in social foundations   With the right policies and linkages, Africa can become an indispensable global economic hub, Singapore’s Senior Minister Tharman Shanmugaratnam noted Tuesday, commending the continent’s diverse economic potential. Delivering this year’s Kofi A. Annan Eminent Speakers’ Lecture series at the African Development Bank headquarters in Abidjan, Shanmugaratnam outlined five strategies which must underpin the continent’s transformation drive and efforts to build inclusive growth. Africa must spread its economic openness by strongly showcasing specialisation along the production value chain and invest more boldly in soci
Ministry of Mines and Hydrocarbons gives Greenlight to Saipem

Ministry of Mines and Hydrocarbons gives Greenlight to Saipem

Africa
The 70km pipeline will have capacity for 950 million cubic feet of gas per day from fields operated by Noble Energy Equatorial Guinea’s Ministry of Mines and Hydrocarbons has approved the $90-100 million Alen Unit contract granted to Saipem; the 70km pipeline will have capacity for 950 million cubic feet of gas per day from fields operated by Noble Energy; first gas is expected to be delivered during the first quarter of 2021. Equatorial Guinea’s Ministry of Mines and Hydrocarbons has approved a 70-km pipeline that will link the Alen Unit, operated by Noble Energy, and the petrochemical complex of Punta Europa within the framework of Equatorial Guinea’s gas monetization project. The $90-100 million contract has been awarded to Italian contractor Saipem. Gas has been re-injected into th
NNPC expresses interest in power generation to expand gas pipelines

NNPC expresses interest in power generation to expand gas pipelines

Energy/Oil & Gas
To address challenges of gas constraints in the nation’s industrial and power sectors, the Nigerian National Petroleum Corporation (NNPC), has said it will continue to expand and integrate gas pipeline network systems to meet domestic demand. According to NNPC, its ongoing reforms will include transformation from a traditional oil and gas entity into an integrated energy outfit with interest in power generation and transmission. Speaking at the NNPC special day at the ongoing Lagos International Trade Fair, the Group Managing Director of the Corporation, Mele Kyari, said the decision to diversify into the power sector is hinged on the need to bridge the huge energy gap in Nigeria. Kyari, who was represented by the Managing Director, ​​​National Engineering & Technical Comp
PoS agents, operators kick against N50 charge, seek policy reversal

PoS agents, operators kick against N50 charge, seek policy reversal

Business
The introduction of N50 stamp duty on individual transactions above N1000 has led to a reduction in the number of electronic payments processed by agent banking service providers on a daily basis. As a result, customers affected by this policy have resorted to withdrawing money through the Automated Teller Machine (ATM) and across-the-counter. Looming danger: While members of the Association of Mobile Money and Bank Agents (AMMBAN) in Nigeria are unhappy with the situation and threatened a protest, Nairametrics gathered that more  filling stations in Lagos and Ogun states are gearing up to introduce the same N50 stamp duty charges on payment above N1,000 on PoS terminals and web platforms. On the other hand, a few mini-marts in Lagos have stalled on the implementation of the p