33 C
Abuja
Thursday, December 5, 2019

Business & Finance

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...

Kenyan president Uhuru flags off first crude oil export

Kenya has exported its first batch of oil as President Uhuru Kenyatta flagged off the crude shipment from the port of Mombasa on Monday morning. It is being described as a historic day and an important step on the way...

Macroeconomic management weakens, while social inclusion improve slightly in Africa

Debt sustainability concerns on the rise Africa's poorest countries saw little to no progress on average in improving the quality of their policy and institutional frameworks in 2018, according to the World Bank's annual Country Policy and Institutional Assessment (CPIA)...
- Advertisement -

Latest News

Botswana opposition to challenge president Masisi party victory in court

The main opposition party in Botswana, the Umbrella for Democratic Change (UDC), says it has proof that October's general...
- Advertisement -

Landslides claim 26 lives in northwest Burundi

Landslides in Burundi have killed at least 26 people and injured seven, while 10 more people are reported missing, the Security Ministry said on...

Rwanda FDLR rebel group confirm commander’s arrest in Congo DR

A Rwandan rebel movement based in the east of the Democratic Republic of Congo has confirmed the capture of one of its top commanders,...

New political coalition in Ethiopia brands PM’s new party ‘illegitimate’

Ethiopia’s new governing Prosperity Party (PP) has been labelled "illegitimate" by a new coalition of groups, including the once powerful Tigray People’s Liberation Front...

Rwanda signs deal with PSG football club to promote tourism

Rwanda signed a deal on Wednesday with French football club Paris St Germain to promote tourism in the east African nation, its second such...