Morning boats leave a quiet Pacific inlet, diesel hum in the air, gulls loud and nosy. News travels fast there. The $24.5M Grant from Bezos Earth Fund to Launch First Cross-Border Marine Biosphere Reserve in Latin America sets a clear signal. A large, practical step. Not theory. And yes, it anchors the phrase many groups […]
Q3 GDP Growth Slips to 0.5% as South Africa’s Economy Slows Further: Africa newsroom update. Markets opened to a softer print as South Africa Q3 GDP edged up 0.5%. The headline says it cleanly. South Africa economic growth cooled, and the South Africa economy’s slow tag felt accurate on trading floors. Cool morning air in […]
A Japanese company has expressed interest in Zimbabwe after singing an MOU(memorandum of understanding) with the government yesterday The Herald reports. Afro Japanese Business Consultant, the Japanese company interested in Zimbabwe is eyeing these sectors. Mthuli Ncube and The President oversaw the signing of the MOU. Speaking after the signing of the MOU, the President […]
MDC supporter and constitutional law expert, Alex Magaisa, has criticised Mnangagwa for not understanding geopolitical and economic dynamics when he described the just ended Seventh Tokyo International Conference on African Development (TICAD7) as the “first common platform to discuss African development”. According to Magaisa, this would fly in the face of China whose Forum on […]
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 . This is a major blow to the employment sector in the Democratic Republic of Congo with the cessation of cobalt […]
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 of rice, taking place on that corridor”, the presidency said in a statement on Wednesday (Aug 28). Nigeria is heavily […]
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 UN Ambassador to Zimbabwe, Mr Bishow Parajuli in Harare this morning, Cde Mohadi said it is unfortunate that some western […]
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 Rady said that the conference will run from August 28 to 30, under the joint presidency of Japan and Egypt, […]
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 respective mining sectors. Mines and Mining Development Minister Winston Chitando signed on behalf of the Government, while Rwanda’s Mines, Petroleum […]
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 local government area, is partly sponsored by the Edo State Government and is being developed by AIPCC Energy Limited. The […]
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 the General Manager of IBM West Africa, takes effect from 1st of August, 2019. ABC is the voice of the […]
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, the Vice-Chairman of MKU said the institution wants to ride on recent bilateral policies that have started to open up […]
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, comprising an AfDB grant of $98 million to Ethiopia’s government and an AfDB grant of $5.3 million to Djibouti’s government, […]
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 the U.S. Agency for International Development (USAID) and will ensure that 360,880 rural households will have enough food to take […]
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 a turnaround. The increase in joblessness was preceded by a sharp rise in jobless claims from the Unemployment Insurance Fund […]
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 copies of the new notes to president Adama Barrow. The new notes are to be released into the economy today […]
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 seem flat-footed in the process. At the time, Joeboy was unknown and unsigned. But one of his friends was committed […]
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 emailed reply to AFP, confirmed “a case is ongoing” without giving details. In London, an official at the High Court […]
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 together entrepreneurs and thousands of beneficiaries in Abuja Nigeria. This year’s event focused on “Empowering African Entrepreneurs” with masterclasses, a […]
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, part of South Africa’s MTN Group, was originally fined 1.04 trillion naira for failing to deactivate more than 5 million […]