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Saturday, December 14, 2019

Business & Finance

Morocco launches first solar power plant

King Mohammed VI on Thursday inaugurated Morocco's first solar power plant, a massive project that the country sees as part of its goal of boosting its clean energy output. French Environment Minister Segolene Royal was among foreign and local...

Third of Tunisia tourism revenue disappear after Sousse terror attack

Tunisia lost more than a third of its tourism revenues last year after attacks targeting the vital sector claimed by the Islamic State jihadist group, official figures showed Thursday. Two IS attacks last year killed 59 foreign tourists, badly...

Africa benefits from $130 Million Initiative to Reduce Global Food Loss and Waste

As part of the recently concluded World Economic Forum’s 2016 Annual Meeting, the Rockefeller Foundation announced the launch of Yield Wise, a seven-year, $130 million initiative that will demonstrate how food loss and waste can be cut in half...

Key speakers for upcoming AIDF Africa Summit 2016 revealed

Over 250 government representatives, UN agencies, NGOs, development banks and private sector companies are gathering on 2-3 February at the United Nations Conference Centre in Addis Ababa, Ethiopia for AID and International Development Forum, Africa Summit. The event will...

Oil price drops to below $30, lowest price in 12 years

US crude prices fell below $30 a barrel for the first time in 12 years on Tuesday as OPEC member Nigeria called for an emergency meeting to address collapsing prices. New York's benchmark West Texas Intermediate (WTI) for February...

Nigerian Oil minister sees emergency OPEC meeting in March

Nigerian oil minister Emmanuel Ibe Kachikwu said Tuesday that he expects an extraordinary meeting of the OPEC oil cartel in "early March" to address nosediving crude prices. "We did say that if it (the price) hits the 35 (dollar...

France Telecom giant Orange snaps up Liberian mobile operator Cellcom

French telecommunications group Orange said Tuesday it had reached an agreement to buy 100 percent of Cellcom, Liberia's number two mobile operator, for an undisclosed amount. The acquisition "will enable Orange to strengthen its positions in Africa, which is...

Zuma hits back at critics over depreciating South African Rand

President Jacob Zuma is blaming everything from market overreaction to political intrigue in a public relations fightback against criticism that his leadership is undermining South Africa’s economy and denting the popularity of the ruling African National Congress.  In interviews...

No IMF programme needed for Nigeria: Christine Lagarde

Africa's biggest economy Nigeria, battling a revenue shortfall caused by the global oil shock, does not need assistance from the International Monetary Fund, the group's head said on Tuesday. "Let me be very clear: I'm not here nor is...

Somalia housing boom as Mogadishu emerges from ashes of war

Somalia's elegant colonial villas were left in ruins by two decades of street fighting among warlords, and the seaside capital Mogadishu was dubbed the most dangerous city in the world. But now new housing estates are being built amid...
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Six killed in rebel attack on eastern DR Congo

Rebels again attacked a city at the center of the Ebola outbreak in eastern Congo, killing at least six...
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Court jails Sudan’s Omar al Bashir for corruption

A court in Sudan convicted former President Omar al-Bashir of money laundering and corruption on Saturday, sentencing him to two years in a rehabilitation...

Twins who married same man for 9 years now divorced, waiting for one man to love them both

Meet Owami and Olwethu Siko, the twins from Gauteng, South Africa who were once married to the same man, TV director Mzukiseni Mzazi when...

Bosnia to release table tennis players to Nigeria

Bosnian authorities have told the BBC that two Nigerian students who were wrongfully deported to Bosnia from Croatia will soon be sent home, but...

UN expert report unmasks Libya arms embargo violations

From buying an Irish navy boat re-registered as a "pleasure yacht" to enlisting a Canadian firm to recruit Sudanese fighters -- Libya's warring parties...