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Saturday, October 24, 2020

Business & Finance

Tax evasion, theft cost Africa $89b annually – UN

AljazeeraAfrica has lost nearly $89bn a year in illicit financial flows such as tax evasion and theft, amounting to more than it receives in development aid, a United Nations study has showed.The estimate, in the United Nations Conference on...

Big oil firms accused of wanting to dump plastics in Africa

The oil industry has asked the United States to pressure Kenya to change its world-leading stance against the plastic waste that litters Africa, according to environmentalists who fear the continent will be used as a dumping ground.The request from...

Angola’s Isabel dos Santos steps down from Unitel

Angolan billionaire Isabel dos Santos will leave her job in the administration of telecoms operator Unitel amid ongoing tensions between board members, Portugal’s news agency Lusa reported on Tuesday.“After 20 years dedicated to the creation, development and success of...

Independent experts clear African Development Bank chief

An independent panel of experts, headed by former Irish president Mary Robinson, has cleared the beleaguered leader of the African Bank of Development (AfDB) of corruption, according to a report obtained by AFP.Akinwumi Adesina, 60, a charismatic speaker known...

South Africa to halt lenders blacklisting borrowers during pandemic

South Africa’s government may temporarily ban lenders from blacklisting consumers whose credit records have been hit by the coronavirus crisis, a consultation document published by the main opposition party showed.The Department of Trade (DTI) document said it was considering...

Ethiopia, Egypt, Sudan to resume talks on Renaissance dam

Ethiopia, Egypt and Sudan have agreed to resume talks to break a deadlock on the Grand Renaissance Dam reservoir on the Blue Nile, the leaders of the three countries said on Tuesday.The announcements made separately by Ethiopian leader Abiy...

Zimbabwe accuses Econet Wireless of money laundering

Zimbabwean police have issued a warrant against the largest mobile phone operator Econet Wireless to hand over a list of its mobile money transactions and subscribers because authorities suspect it of involvement in money laundering, according to the warrant.President...

Corruption, bribery trail Huawei’s 5G deal with Namibia

A Nambbia's capital city councillor has alleged she was offered a bribe by a local politician to ensure Chinese tech giant Huawei would win an exclusive contract to build the 5G telecommunication network in Windhoek.Brunhilde Cornelius made the allegations...

Egypt, Sudan, Ethiopia deadlocked again in Nile dam talks

Egypt, Ethiopia and Sudan have failed to reach agreement at a new round of talks hosted by the African Union to regulate the flow of water from the giant Blue Nile hydropower dam built by Addis Ababa, the three...

Local miner becomes millionaire after biggest tanzanite find

A Tanzanian small-scale miner has become multi-million dollars richer after uncovering two of the biggest of the country's precious tanzanite stones ever found and selling them to the government.Saniniu Kuryan Laizer, 52, found the stones weighing 9.27 and 5.1...
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Libya factions sign permanent UN-brokered cease-fire

Associated PressThe rival sides in Libya’s conflict signed a permanent cease-fire Friday, a deal the United Nations billed as...
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Gunfire, barricades in Guinea as Condé heads for third term

ReutersGunfire rang out across Guinea’s capital Conakry on Friday and security forces dispersed protesters after results showed President Alpha Conde winning re-election in a...

Israel and Sudan reach deal to normalize ties

ReutersIsrael and Sudan agreed on Friday to take steps to normalize relations in a deal brokered with the help of the United States, making...

Guinea President Conde wins re-election in landslide

ReutersGuinea’s President Alpha Conde has won a landslide re-election victory, preliminary results showed on Thursday, giving him a third term in office after a...

Mali’s army liberates village besieged by jihadists

Mali’s military has regained control of a village in the centre of the country where more than 2,000 residents have been besieged by suspected...