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Wednesday, November 20, 2019

Business & Finance

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...

World Bank says; Broadband for all in Africa will cost $100B

World Bank says that to achieve full broadband access for all in Africa, where currently, less than a third of the population has access will gulp a whopping US $100 billion.This is according to a report launched at the...

Rwanda scores another first; launches electric motorbikes

Just days after the launch of first made in Africa smartphone, another Rwanda based firm, Safi has launched electric motorbikes to operate as taxis in the country.In a report monitored from BBC Africa, Safi said its fully charged e-motors...

Deutsche Post’s DHL to sale supply chain operations in Africa

DHL, the logistics arm of Deutsche Post, is preparing to sell its supply chain business operations in Africa, Germany’s manager magazin said on Thursday, citing sources at the company. The report said the business could be worth around 500 million...

Lessons to learn from South Arabia vs Houthi Conflict

by Marcel Ngogbehei Houthi rebels in Yemen are inflicting heavy casualties on South Arabia oil infrastructures.... using drones. Houthi claimed to have bombed oil facility producing 1% of the World Oil. Causing over 50% loss in productive capacity. South Arabia economy...
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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...
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Refugees removed from UNHCR office in S/Africa arraigned – no lawyers and no bail

189 refugees and asylum seekers were arraigned in the Pretoria Magistrate's Court on Monday after they entered the premises of the United Nations High...

1,100 Africans applying for legal status arrested in U.S.

About 1,100 undocumented Africans living in the United States were among thousands of immigrants arrested while applying for legal status to avoid deportation and...

Candidates ramp up campaign ahead of Guinea-Bissau presidential elections

Elections are less than a week away in Guinea Bissau, where residents are hoping to emerge from years of political stagnation. On November 24,...

U.S. blacklists former Kenyan attorney general over corruption allegations

The United States on Monday imposed sanctions on Kenya’s former attorney general, Amos Sitswila Wako, accusing him of involvement in “significant” corruption, according to...