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Tuesday, January 26, 2021

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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Pirates attack Turkish ship off W. Africa; kill 1, kidnap 15

Pirates attacked a Turkish cargo ship off the West African coast, kidnapping 15 sailors and killing one of them,...
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