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)

Fitch downgrades South Africa’s credit rating

Ratings agency Fitch downgraded the outlook for South Africa’s sub-investment credit rating on Friday, citing fiscal pressures including increased support for struggling state firms such as the power utility Eskom. South Africa’s public finances are under huge strain as economic growth has proved weaker than expected while a handful of state companies have needed large […]

Tanzania Inaugurates Hydroelectric Dam in UNESCO Site

Tanzania’s president on Friday inaugurated a huge hydroelectric dam project in the country’s largest wildlife reserve and UNESCO World Heritage Site, calling it the start of “economic liberation.” Some wildlife groups have expressed dismay over the $2.9 billion Stiegler’s Gorge project in the Selous Game Reserve, which the United Nations calls one of Africa’s largest […]

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Kenya: President Uhuru Kenyatta Calls for Economic Diplomacy

President Uhuru Kenyatta last evening said economic diplomacy offers the best opportunity to conquer poverty and joblessness in Africa. He called on those in positions of power to provide quality leadership by getting actively involved in economic diplomacy that delivers opportunities for growth and transformation. President Kenyatta spoke at Avani Victoria Falls Resort in the […]

VertoFX Founders Anthony Oduwole and Ola Oyetayo

VertoFX Raises $2M For Its African and Emerging Markets Currency Trading Platform

VertoFX, an Africa and emerging markets-focused currency trading and payment startup, has raised a $2.1 million seed round, led by Accelerated Digital Ventures. The London-based company, with a subsidiary in Lagos, Nigeria, has created a platform that allows businesses and banks to exchange and make payments in exotic foreign currencies that don’t often convert or […]

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Ghana Is Best Place to Invest in Africa – Bawumia

Vice President Dr. Mahamudu Bawumia has explained to a group of Canadian investors why Ghana is the best investment destination in Africa for both local and foreign investors. According to Dr. Bawumia, not only do Ghana’s political stability and security as well as benign legal and regulatory environment offer the best investment climate, the large […]

Zimbabwe Raises Fuel Prices Again

Zimbabwe hiked fuel prices on Monday for the second time in a week but most pumps remained dry, with no end in sight to shortages that are helping drive inflation rapidly higher and which have led to protests about the cost of living. The Zimbabwe Energy Regulatory Authority said a litre of petrol would now […]