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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 the General Manager of IBM West Africa, takes effect from 1st of August, 2019. ABC is the voice of the […]

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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, the Vice-Chairman of MKU said the institution wants to ride on recent bilateral policies that have started to open up […]

AfDB approves $98m grant for Ethiopia road project to Djibouti

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, […]

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United States Grants Zimbabwe US$45 Million for Drought Relief

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 Africans Struggle to Survive as Unemployment Hits 11 Year High

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 […]

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 copies of the new notes to president Adama Barrow. The new notes are to be released into the economy today […]

Mr Eazis emPawa initiative tries to lower the barriers to entry for African artists

Mr. Eazi Wants to Expand Africa’s Reach — One Music Video at a Time

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 […]

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Mozambique Sues French-Lebanese Billionaire Over Debt Scandal – Sources

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 […]

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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 together entrepreneurs and thousands of beneficiaries in Abuja Nigeria. This year’s event focused on “Empowering African Entrepreneurs” with masterclasses, a […]

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, part of South Africa’s MTN Group, was originally fined 1.04 trillion naira for failing to deactivate more than 5 million […]

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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 to boost tourism especially in the oil-dependent Central African nation. Pointe Noire becomes the 58th Turkish Airlines destination in Africa […]

South African Develops App to Help Farmers Sell Beef

South African Develops App to Help Farmers Sell Beef

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 Livestock Wealth connects investors with small-scale farmers via its “MyFarmbook” app, where they can buy their own cow and receive […]

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Ghana ‘Exports Rosewood Timber Illegally to China’

About six million rosewood trees have been cut down in Ghana for illegal export to China since 2012, an environmental group says. The rare species, which takes 100 years to grow, is mostly used to make imperial-style furniture in China. The report blames corrupt officials in Ghana for forging documents to allow the wood to […]

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Zimbabwe: USD$1.5 Billion Hwange Expansion Project Well on Course – ZESA

The Zimbabwe Power Company (ZPC), says that the USD$1.5 billion Hwange Expansion project – Unit 7 and 8 is going according to schedule and will add 600MW to the national grid upon completion in 2022. The statement reads: The USD$1.5 billion Hwange Expansion project – Unit 7 and 8, commenced on 1 August 2018. To […]

Ken Ofori Atta Finance Minister

Ghana: Gov’t Reviews 2019 Budget to GHS 85.1 Billion

The government of Ghana is seeking approval for extra expenditure of some GHS 6.4billion in its Mid-Year Review and Supplementary Estimates. This was contained in the Order of Business of Parliament on Monday, 29 July 2019 ahead of the Mid-Year Review Budget presentation to parliament by Finance Minister, Ken Ofori-Atta. In November last year, Mr […]

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South Africa: Jabu Mabuza Appointed Eskom Acting CEO

Public Enterprises Minister Pravin Gordhan said in a statement on Monday afternoon that he has informed the Eskom Annual General Meeting (AGM) of his decision to appoint Jabu Mabuza as the interim executive chair for Eskom and acting CEO of Eskom Holdings. Mabuza will assume the duty as acting group CEO for Eskom due to […]

Bilha Ndirangu CEO Africas Talking

Democraticisng access to infrastructure – Bilha Ndirangu, CEO, Africa’s Talking:

Africa’s Talking is a provider of technology that helps different industries connects with infrastructure providers. Bilha Ndirangu, Chief Executive Officer of Africa’s Talking, says that democratising access to infrastructure will enable mobile app developers and software engineers to build better services and help solve truly African challenges. (BBC)