Many African countries have been able to retain the value of their currencies in the face of multiple economic challenges including inflation, political changes, and the dynamics of foreign markets. Strong currencies reflect fiscal policy,…
DRC: Cobalt Production Halted
The consequences to ending Cobalt production in the southern part of the Democratic Republic of Congo, one of the world’s largest mines have a major impact on the country’s economy and on the population .…
Nigeria targets smuggling with ‘partial closure’ of Benin…
Nigeria has announced the "partial closure" of its border with Benin to clamp down on the smuggling of goods, above all rice, into the country. The West African powerhouse is targeting "massive smuggling activities, especially…
Zimbabwe: Zim Undeterred By Western Hostility: VP Mohadi
Acting President Kembo Mohadi says it is a matter of time before nations that are hostile to Zimbabwe realise that they are wrong and unfair to the Southern African country. Speaking after meeting the outgoing…
Sisi Will Head 7th TICAD in Japan: Japan’s…
The Seventh Tokyo International Conference on African Development (TICAD) will kick off Wednesday in Yokohama, Japan, headed by Egyptian President Abdel Fattah al-Sisi and Japanese Prime Minister Shinzo Abe. Spokesperson for the Egyptian Presidency Bassam…
Zim, Rwanda Sign Mining Agreement
Government, through the Ministry of Mines and Mining Development, yesterday signed a Memorandum of Understanding (MoU) with Rwanda that will see the two countries cooperating and exchanging experiences from the extractive industries to develop their…
Nigeria: Edo’s 6,000 bp/d Modular Refinery Set to…
The Edo Refinery and Petrochemicals Limited, says it will soon commence operation at its 6,000 barrels per day (bpd) modular refinery before the end of the year. The project which is located at Ologbo, Ikpoba/Okha…
Dipo Faulkner Emerges Nigeria’s President of American Council
The American Business Council, ABC, has elected Dipo Faulkner as the President of the country’s American Business Council, ABC, and Chairman of the Board of Directors for the Council. The appointment of Faulkner, who is…
Kenyan Businesses Seek Trade Ties With Angola
Mt Kenya University says it is considering setting up e-campuses in Angola, to tap into growing government-to-government links between Nairobi and Luanda. At the Kenya-Angola Trade and Investment Conference 2019 last week, Dr Vincent Gaitho,…
AfDB approves $98m grant for Ethiopia road project…
The African Development Bank (AfDB) has approved a $98 million financial package for Ethiopia for a road transport corridor project to neighbouring Djibouti, it said late on Tuesday. The project’s total cost is $255 million,…
United States Grants Zimbabwe US$45 Million for Drought…
The United States of America has announced a US$45 million donation to Zimbabwe towards the provision of food aid in the upcoming lean season between October 2019 and March 2020. The contribution was provided through…
South Africans Struggle to Survive as Unemployment Hits…
South Africa’s unemployment rate jumped to its highest since the global financial crisis more than a decade ago, data showed last week, piling pressure on a shrinking economy and President Cyril Ramaphosa’s pledge to deliver…
Gambia Outdoors New Banknotes without Jammeh’s Portrait
Plans by The Gambian government to roll out new currency notes is gathering steam. The tiny West African nation uses a currency known as the Dalasi. The Central Bank chief Bakary Jammeh on Monday presented…
Mr. Eazi Wants to Expand Africa’s Reach —…
In 2017, the Nigerian artist Joeboy released a gliding cover of Ed Sheeran’s “Shape of You” — a twisty-turny take on the original, where Joeboy slips into double-time cadences during the verses, making the beat…
Mozambique Sues French-Lebanese Billionaire Over Debt Scandal –…
Mozambique has started legal action against a French-Lebanese billionaire, Iskandar Safa, whose shipbuilding company is at the heart of a $2bn debt scandal, officials said Friday. A source at the attorney general's office, in an…
Tony Elumelu Foundation empowering African Entrepreneurs
Young African entrepreneurs have been urged to view private investment as the key to unlocking potentials in Africa. The recommendation was made by key speakers during the just ended Tony Elumelu entrepreneurship forum which brought…
MTN Nigeria Requests Judicial Review on $1billion Fine
MTN Nigeria has asked a Nigerian tax tribunal to rule on whether the company should pay corporate tax on a 330 billion naira ($1.1 billion) fine, a spokesman for the telecoms company said. MTN Nigeria,…
Turkish Airlines Launches Direct Flights to Pointe Noire
Turkish Airlines on Tuesday, June 30 launched its first flight between Pointe Noire, the economic capital of the Republic of Congo and Istanbul. The flights are seen by both Turkey and Congo as a move…
South African Develops App to Help Farmers Sell…
A pioneering app in South Africa lets investors, eager to benefit from rising global beef demand, buy shares in a cow from their mobile phone for as little as 576 rand ($41). Self-styled “crowd-farming” company…
