A Bahraini entrepreneur has announced the opening of a new smart cities management firm to transform the way modern cities work and develop. The company that has been created aims at providing holistic digital solutions that improve mobility, infrastructure effectiveness and experiences among citizens. The firm is a total ecosystem that integrates technology, automation and […]
Africa’s pull is straightforward. Expanding cities need power, housing, transport, and data networks, so capital follows. Critical minerals and energy reserves add another magnet, tied to batteries, electronics, and defence supply chains. Sea lanes near the Red Sea, the Gulf of Guinea, and the Indian Ocean keep strategic planners focused. Deals are business, and also […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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)
The American businessman Mike Mason intends to invest at least 240 Billion CFA frs in Cameroon’s cobalt sector within the next four years. The American Businessman who is the Chief Executive Officer of Geovic Mining Corporation made the announcement yesterday in an audience granted him by the head of state Paul Biya at the Unity […]