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Thursday, February 27, 2020

Business & Finance

World Bank says; Broadband for all in Africa will cost $100B

World Bank says that to achieve full broadband access for all in Africa, where currently, less than a third of the population has access will gulp a whopping US $100 billion.This is according to a report launched at the...

Rwanda scores another first; launches electric motorbikes

Just days after the launch of first made in Africa smartphone, another Rwanda based firm, Safi has launched electric motorbikes to operate as taxis in the country.In a report monitored from BBC Africa, Safi said its fully charged e-motors...

Deutsche Post’s DHL to sale supply chain operations in Africa

DHL, the logistics arm of Deutsche Post, is preparing to sell its supply chain business operations in Africa, Germany’s manager magazin said on Thursday, citing sources at the company. The report said the business could be worth around 500 million...

Lessons to learn from South Arabia vs Houthi Conflict

by Marcel Ngogbehei Houthi rebels in Yemen are inflicting heavy casualties on South Arabia oil infrastructures.... using drones. Houthi claimed to have bombed oil facility producing 1% of the World Oil. Causing over 50% loss in productive capacity. South Arabia economy...

Dozens arrested across Africa for international wire transfer scam

Police in Nigeria, Ghana and Kenya have arrested dozens of people suspected of carrying out large-scale money-transfer scams. The scams involve tricking victims into wiring money to bank accounts controlled by fraudsters. More than 250 people were arrested in 10 countries....

Apple unveils iPhone 11, undercuts rivals with streaming price

Apple Inc caught up with hardware rivals on Tuesday by revealing a triple-camera iPhone, and it rolled out a streaming TV service priced at $5 a month, undercutting Disney and Netflix. The announcements came at the company's biggest marketing event,...

Xenophobia threatens $60bn Nigeria-South African trade

The testy relations between Nigeria and South Africa due to the xenophobic attacks in the rainbow nation and the reprisal in Nigeria may affect the volume of trade between both countries currently put at over $60 billion. The Consul-General of...

Toyota sign deal with Ivory Coast to site assembly plant

Ivory Coast’s government signed an agreement on Thursday with Toyota (7203.T) to build a vehicle assembly plant in the West African nation, the office of Ivorian PM Amadou Gon Coulibaly said in a statement. Faced with stagnant sales in developed...

Japan PM Shinzo Abe warns Africa over accumulation of debts

Japan's prime minister, Shinzo Abe has warned African leaders about the dangers of accumulating too much debt, the AFP news agency reports. Shinzo Abe's comments are seen as warning about China's role in Africa as Beijing is said to favour...

Japan moves to boost presence in Africa with TICAD 2019

Japan hosts development talks with African leaders this week, looking to boost its presence on the continent and offer an alternative to investments by an increasingly assertive China. Japanese Prime Minister Shinzo Abe has said he wants the latest round...
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Togo opposition leader heads to court to challenge vote results

Togolese opposition leader Agbeyome Kodjo said on Wednesday he has filed a suit to overturn the result of presidential...
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China Lied, Coronavirus did not originate in Meat Market – sceintists

USA based online news Breitbart reports that Chinese scientists have concluded that the Wuhan coronavirus did not originate at a wild meat market as...

Burundi says it killed at least 22 in pre-election violence

The Burundi government said on Tuesday it had killed at least 22 “wrongdoers” in the hills overlooking the main city Bujumbura since last week,...

Military funeral to be held for Egypt’s Hosni Mubarak

Egypt will hold a military funeral in the capital Cairo on Wednesday bury its former president Hosni Mubarak, who died on Tuesday at the...

Ethiopia pulls out of talks on Nile dam row

Ethiopia's Water Minister Seleshi Bekele has said the country will not participate in fresh talks on the future of a giant hydropower project on...