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Saturday, August 15, 2020

Business & Finance

Angola’s Jose Dos Santos fires finance minister Armando Manuel

Angolan President José Eduardo dos Santos fired Finance Minister Armando Manuel on Monday two months after the government of Africa's biggest oil producer broke off talks with the IMF over emergency funding. In a cabinet reshuffle, dos Santos also...

Japan’s aid and investment show for Africa, opens in Kenya

Japan takes its aid and trade show to Africa on Saturday, opening a huge two-day development conference in Kenya, hoping that quality will trump quantity in the battle for influence against cash-rich China. It will be the first time...

Namibia ratifies trade deal with European Union

After years of holding back on the economic partnership agreement with the European Union, Namibia finally ratified the deal Wednesday ahead of the Oct. 1 deadline. The 10-year agreement offers duty and quota free market access to the European...

Locally bred African rice varieties to be launched in 2017

Locally bred indigenous rice varieties are set to be available in the sub-Saharan Africa market next year, an expert said on Friday. Kayode Sanni, Project Manager for Rice with the African Agricultural Technology Foundation (AATF), an agricultural think tank...

Uganda unveils its first solar-powered bus

A solar-powered bus described by its Ugandan makers as the first in Africa has made its public debut. Kiira Motors' electric bus, Kayoola, displayed recently at a stadium in Uganda's capital. From Kampala, Maurice Magorane filed this report narrated...

Finance Minister Seth Terkper says Ghana cooperation with China more diverse

Chinese investment in Ghana grows rapidly and the cooperation between the two sides is becoming more diverse in recent years, Ghana's Finance Minister Seth Terkper said Wednesday. Speaking to Xinhua prior to his trip to Beijing for a gathering...

Kenya say up to 20 African leaders to attend Japan-Africa summit in Nairobi

Kenya said on Sunday more than 20 African leaders are expected to attend this year's Tokyo International Conference on Africa's Development to be held in Nairobi next month. State House spokesman Manoah Esipisu said the Aug. 27-28 summit will...

90 countries sign to eliminate harmful fishing subsidies – UNCTAD

Some 90 countries backed an UNCTAD - FAO - UNEP initiative on Wednesday, signing up to a roadmap towards ending harmful fishing subsidies. Fishing subsidies are estimated to be as high as $35 billion worldwide, of which $20 billion...

Time for religious organisations to invest in Agriculture

It is a good thing to note that religious organisations have been contributing to the socio-economic development of Nigeria since their inception. Missionaries started with the establishment of the first primary schools, 1843 in Badagry, and they helped reduce...

Developing countries loose up to 67% of commodity exports earnings to miss-invoicing – UNCTAD

Some commodity dependent developing countries are losing as much as 67 per cent of their exports worth billions of dollars to trade misinvoicing, according to a fresh study by, United Nations Conference on Trade and Development, UNCTAD, which for...
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Latest News

Son of Angola’s ex-leader handed 5 yrs jail term in $500m graft case

Angolan Supreme Court sentenced Jose Filomeno Dos Santos, son of former Angolan president Eduardo Dos Santos to five years...
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Death toll from fighting from disarmament exercise in S.Sudan now 148

The death toll in South Sudan’s Warrap State has risen to 148 following fighting this past weekend during a disarmament exercise, a local government...

DR Congo struggle to dislodge armed groups

DR Congo's army launched an offensive last October aimed at fulfilling a pledge by President Felix Tshisekedi to root out the armed groups that...

UN experts accuse top Mali military officials of obstructing peace efforts

United Nations experts have accused senior army and intelligence officials in Mali of deliberately obstructing a shaky 2015 peace accord, originally designed to reduce...

Five dead in Ivory Coast protest against Ouattara 3rd-term bid

Protests against Ivory Coast President Alassane Ouattara’s decision to seek a third term in the coming election, has left at least five people dead...