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Thursday, February 27, 2020

Business & Finance

Liberian national named as deputy managing director at IMF

International Monetary Fund Managing Director Kristalina Georgieva on Tuesday nominated former IMF official Antoinette Sayeh to become a deputy managing director at the Fund.Sayeh, a Liberian national, was director of the IMF’s African Department between 2008 and 2016. She...

Losses from Libya’s oil shutdown now over $2B

Financial losses over a protracted blockade of Libya’s vital oil fields and ports have rapidly swelled, surpassing $2 billion on Tuesday, the country’s National Oil Corporation said.Oil supplies have become a major point of conflict between rival governments in...

Stanbic IBTC attracts highest capital inflow to Nigeria for 3rd quarter 2019

Stanbic IBTC Bank PLC, a subsidiary of Stanbic IBTC Holdings PLC, has emerged as the financial institution that attracted the highest amount of capital investment in the third quarter of 2019.This was contained in the Nigerian Capital Importation report...

COMESA, EAC, ECOWAS launch platform to connect African women in business

50 Million African Women Speak platform provides information on starting and growing a business, and has a social networking feature for women entrepreneurs to learn from and do business with each otherA digital platform specifically designed to address the...

Liberia and Ivory Coast sign MOU to promote trade

The Governments of Liberia and Ivory Coast have signed a Memorandum of Understanding (MoU) to help promote trade and economic cooperation between the two countries, according to Daily Observer.The MOU, which was signed on November 15, 2019, is aimed...

BRICS nations to consider adding countries to development bank

Leaders of the BRICS group of leading emerging economy nations meeting this week will discuss opening their development bank to other countries to increase its capital to fund infrastructure and other projects, diplomats and the bank’s head said. The New...

Italy’s Saipem wins $100m pipeline contract in Equatorial Guinea

Italy’s Saipem has been awarded a contract in Equatorial Guinea worth $90-$100 million to build a 70 km subsea pipeline linking the Alen platform with the Punta Europa petrochemical hub, the oil ministry said on Thursday.Gas deliveries from the...

Nigeria sign new deal that increases her share from offshore oil revenue

Nigeria's President Muhammadu Buhari on Monday signed a measure to change the country's agreements with multinational oil companies to significantly increase the share of offshore oil revenue it takes."This afternoon I assented to the bill amending the Deep Offshore...

SICO Egypt smartphone maker to export to Germany next month

Egypt’s first smartphone maker, SICO, said it will begin exporting its devices to Germany in November as part of its expansion plan to sell its products in Europe and Africa, its chairman told Reuters.Silicon Industries Corporation (SICO), which already...

Togo joins league of manganese producing countries

Togo has now joined the circle of manganese-producing countries. Thanks to the soon-to-be exploitation of the Nayega manganese deposit in the far north.The decision was taken at a recent ministerial council meeting in Lomé, the capital. The government has...
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Togo opposition leader heads to court to challenge vote results

Togolese opposition leader Agbeyome Kodjo said on Wednesday he has filed a suit to overturn the result of presidential...
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China Lied, Coronavirus did not originate in Meat Market – sceintists

USA based online news Breitbart reports that Chinese scientists have concluded that the Wuhan coronavirus did not originate at a wild meat market as...

Burundi says it killed at least 22 in pre-election violence

The Burundi government said on Tuesday it had killed at least 22 “wrongdoers” in the hills overlooking the main city Bujumbura since last week,...

Military funeral to be held for Egypt’s Hosni Mubarak

Egypt will hold a military funeral in the capital Cairo on Wednesday bury its former president Hosni Mubarak, who died on Tuesday at the...

Ethiopia pulls out of talks on Nile dam row

Ethiopia's Water Minister Seleshi Bekele has said the country will not participate in fresh talks on the future of a giant hydropower project on...