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Nigerian Travelers to Get a New International Airport; Congolese President Sets For Rebranding; US Job Growth Disappointing......More on the News

Sep 07, 2019 05:45 PM
Nigerian Travelers to Get a New International Airport; Congolese President Sets For Rebranding; US Job Growth Disappointing......More on the News Africa Business Radio, Felix Tshisekedi, DRC, Africa Business News, Nigeria, Ebonyi, US Job Data, Airport

The plan by Air Peace to evacuate Nigerians in South Africa from September 6 suffered a setback as the majority of those interested in the process have expired passports. The News Agency of Nigeria reports that the airline with the support of the Federal Government had scheduled to begin evacuating Nigerians from South Africa from September 6. This followed the ongoing xenophobic attacks on Nigerians and other foreign nationals living in that country. Mr. Allen Onyema, the Chairman of Air Peace, said in a statement in Lagos on Friday that most of the potential returnees were yet to renew their documents. Onyema said the airline had already placed its Boeing 777 aircraft on standby and was only awaiting the go-ahead from the government. “The Air Peace flight to South Africa will take off from the Lagos Airport and also return to Lagos. As earlier stated, the take-off could be Sept 9 or Sept 10. “This is because the Nigerians in South Africa have to obtain travel certificates because many of them do not have travel documents and their passports have expired. The government had also issued travel advice to Nigerians intending to visit South Africa due to the xenophobic attacks. 

 Chinelo Anohu, an international corporate lawyer, has been appointed by the African Development Bank Group (AfDB) as head and senior Director of Africa Investment Forum. The appointment which took effect on the 1st of September was disclosed by the AfDB President Dr. Akinwunmi Adesina. While speaking on the appointment, Adesina expressed his delight and enthusiasm that Anohu was joining the forum. Anohu is a member of the London Stock Exchange Africa Advisory Board. She has served as Director-General of the National Pension Commission of Nigeria (PenCom) for five years. Anuohu holds a Bachelor of Law Degree (LLB) from the University of Nigeria, Nsukka and a master’s degree in Computer and Communications Law from the London School of Economics in 2000. She has studied at the Kennedy School of Government, Harvard University, USA and the Insead Business School, France. 

The federal government (FG) of Nigeria has approved the request for the construction of a new International Airport in Ebonyi State. Minister for Aviation, Hadi Sirika made this known in a letter signed on his behalf by the Director Safety and Technical Policy, Captain Alkali. According to the Minister, the approval followed the visit of a Technical team from the ministry and its agencies to the state on inspection of the proposed site for the airport, which will be developed in Ezza area. Communities in Ezza South and Ezza North council areas whose land will be affected by the airport project have given the government the go-ahead to locate it in their area. “The decision of the state government to site the airport in Ezza clan is a welcomed development which the communities are happy about to see development coming in their environs,” said Traditional Ruler, Eze Charles Mkpuma from Ezza South. 


The National Agency for Food and Drug Administration and Control (NAFDAC) has disclosed to the general public that electronic NAFDAC licenses have been incorporated in the Nigeria Single Window for Trade for the processing of import transactions. This means that importers, customs licensed agents, port stakeholders, authorized dealer bank and so on can now get their licenses in electronic formats on the Nigerian Single Window for Trade portal for their import transactions to be processed. The agency announced that the licenses will go live on the 9th of September 2019.  

The Democratic Republic of Congo’s president, Felix Tshisekedi is on the path of rebranding the central African state internationally by diversifying its economic partners. The Congolese head of state reaffirmed DRC’s economic demands during the 7th Tokyo Conference on African Development. President Tshisekedi insisted that DRC is open and willing to improve on the business climate in the country by partnering with any investor or country, but his priority will be to support deals that boost national companies. During his visit to Japan, President Tshise Kedi had the opportunity to meet with the various business community, but also with Prime Minister Shinzo Abe. DRC is keen at improving its status so that it can be eligible for a concessional loan that will boost its economy. Japan on the other side is looking forward towards a partnership that is more oriented towards economic exchanges. 


U.S. job growth slowed more than expected in August, with retail hiring declining for a seventh straight month, but strong wage gains should support consumer spending and keep the economy expanding moderately amid rising threats from trade tensions. The Labor Department’s closely watched monthly employment report on Friday also showed a rebound in the workweek as manufacturers increased hours for workers after slashing them in July. The economy’s waning fortunes, underscored by an inversion of the U.S. Treasury yield curve, have been largely blamed on the White House’s year-long trade war with China. Washington and Beijing slapped fresh tariffs on each other on Sunday. While the two economic giants on Thursday agreed to hold high-level talks in early October in Washington, the uncertainty, which has eroded business confidence, lingers. The economy is also facing headwinds from Britain’s potentially disorderly exit from the European Union, and softening growth in China and the rest of the world. 


Alibaba Group has acquired NetEase Kaola for $2 billion, the two companies said today and will integrate it into Tmall, creating the largest cross-border e-commerce platform in China. The announcement follows weeks of media reports about a potential deal, which was said to have stalled in the middle of August after the companies reportedly disagreed on transaction details. Small Import and Export general manager Alvin Liu has been named as Kaola’s new CEO, replacing Zhang Lei, but Kaola will continue to operate independently under its own brand. Tmall Global and Kaola are China’s largest and second-largest cross-border e-commerce platforms, respectively, holding 31.7% and 24.5% of the market, and their union means they will create a business that will far outstrip in size rivals like JD Worldwide, VIP International and Amazon China. (Earlier this year, NetEase was reportedly in talks to merge Kaola with Amazon China). 

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