34.2 C
Abuja
Monday, January 20, 2020

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...
- Advertisement -

Latest News

Uganda and Rwanda presidents to meet in London

Uganda's Yoweri Museveni and his Rwandan counterpart Paul Kagame are expected to meet in London on the sidelines of...
- Advertisement -

Chelsea defender Antonio Rudiger says Sierra Leone is home, donates $101k

Chelsea and Germany defender Antonio Rudiger has said that 'Sierra Leone is home' as he made a donation to the country's Free Quality Education...

Two killed, 20 wounded as suicide bomber detonates near Somali capital

At least two people were killed and more than 20 others wounded when a suicide car bomber targeted a construction site along a highway...

South African man shoots his wife, son and mother then himself

The Secunda community in South Africa is reeling in shock after a man Carel Naude, shot his wife, their disabled child, his own mother...

Museum in Benin rep. celebrates return of stolen artifacts from France

More than two years after France promised to return colonial-era treasures to their African homes, Benin — ostensibly the first recipient of the groundbreaking...