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Tuesday, August 11, 2020

Business & Finance

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...

Official says Africa free trade zone could take off Jan 1

The African Continental Free Trade Area (AfCFTA) could begin operating on January 1 next year, after the COVID-19 pandemic made its original launch date untenable, the official charged with overseeing the bloc’s establishment said on Thursday.But speaking during a...

Ghana to introduce measures to reduce MTN’s dominance

Ghana will implement a set of policies to reduce the dominance of MTN in the country’s telecommunications market, the government has said in a statement.“The National Communications Authority (NCA) will in the coming days begin the implementation of specific...

World Bank approves $500m to battle locust swarms

The World Bank on Thursday approved a record $500 million in grants and low-interest loans to help countries in Africa and the Middle East fight swarms of desert locusts that are eating their way across vast swaths of crops...
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Ethiopia officials say at least 10 died in protests over autonomy

At least 10 people died in clashes between protesters and security forces in Ethiopia’s southern region on Monday, health...
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Group of Zimbabwe white farmers rejects govt’s $3.5b compensation plan as unfair

An organisation in Zimbabwe, for the White farmers disposed of their land during government's land reform process has dismissed a recent US$3.5B compensation fund...

Gunmen on motorbike kill 6 French aid workers, their driver and guide in Niger

Gunmen ridding on motorcycles intercepted and killed six French aid workers, their Nigerien guide and driver in a wildlife park in Niger on Sunday,...

Military base in Somali capital rocked by bomb blast, at least 8 dead

A huge blast rocked a military base in Somalia’s capital Mogadishu near a stadium on Saturday, killing at least eight people and injuring 14,...

Ivory Coast opposition says Ouattara 3rd term quest would destabilise country

Ivory Coast President Alassane Ouattara’s decision to run for a third term in office violates the constitution and will destabilise a country still recovering...