Trust Africa News

Dangote: MSMEs Key to Economic Growth Despite Challenges 

By Ayomide Otitoju  The Dangote Group has reiterated its commitment to strengthening Nigeria’s industrial capacity and supporting Micro, Small and Medium Enterprises (MSMEs) as key drivers of economic growth. Speaking at the 37th International Trade Fair in Enugu, organised by the Enugu Chamber of Commerce Industry Mines and Agriculture, the South East Regional Director of…

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Sanwo-Olu Inaugurates Irele Tower in Lekki Free Trade Zone

By Ayomide Otitoju Lagos State Governor Babajide Sanwo-Olu on Thursday officially opened Irele Tower, a new nine-storey commercial complex in the Lekki Free Trade Zone (LFTZ), Ibeju Lekki, marking a major boost for Nigeria’s maritime and industrial economy. The tower, constructed by Lagos Free Zone (LFZ), is the first of six planned commercial buildings designed…

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Israel Says Strike Kills Iran Navy Commander, Targets Senior Officers

By Ayomide Otitoju An Israeli air strike has killed Alireza Tangsiri, commander of Iran’s Islamic Revolutionary Guard Corps (IRGC) navy, Israel’s Defence Minister, Israel Katz, announced Thursday. The operation, carried out Wednesday night, was described by Katz as “precise” and also targeted other senior officers of the naval command. “The man who was directly responsible…

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EBRD Warns Sustained $100 Oil Could Slow Global Growth, Raise Inflation

A prolonged period of oil prices above $100 per barrel could slow global economic growth and push inflation higher, the European Bank for Reconstruction and Development (EBRD) warned Thursday, as the Middle East conflict drives energy costs up. The EBRD, which was initially established to support former Soviet bloc nations’ transition to free-market economies before…

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Zelensky Urges Europe to Block Russian ‘Shadow Fleet’

Volodymyr Zelensky on Thursday called on European countries to introduce legislation to block Russian “shadow fleet” vessels from operating in their waters and to seize associated oil cargoes. Speaking via video link to leaders of the Joint Expeditionary Force (JEF) meeting in Helsinki, Zelensky stressed the need for coordinated legal frameworks across Europe to restrict…

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UN Declares Slave Trade ‘Gravest Crime Against Humanity’

The United Nations General Assembly has adopted a resolution designating the transatlantic African slave trade as “the gravest crime against humanity,” despite opposition from the United States and some European nations. The resolution was passed on Wednesday with 123 votes in favour, three against, and 52 abstentions, drawing applause from delegates. The United States, Israel,…

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