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Friday, December 4, 2020

Business & Finance

Official says Africa free trade zone could take off Jan 1

The African Continental Free Trade Area (AfCFTA) could begin operating on January 1 next year, after the COVID-19 pandemic made its original launch date untenable, the official charged with overseeing the bloc’s establishment said on Thursday.But speaking during a...

Ghana to introduce measures to reduce MTN’s dominance

Ghana will implement a set of policies to reduce the dominance of MTN in the country’s telecommunications market, the government has said in a statement.“The National Communications Authority (NCA) will in the coming days begin the implementation of specific...

World Bank approves $500m to battle locust swarms

The World Bank on Thursday approved a record $500 million in grants and low-interest loans to help countries in Africa and the Middle East fight swarms of desert locusts that are eating their way across vast swaths of crops...

Total halts bid to buy Occidental Petroleum assets in Ghana

Total has called off a plan to acquire Occidental Petroleum’s assets in Ghana, which was conditional on the completion of the acquisition of Occidental’s other assets in Algeria, the French energy company said on Monday.The deal was part of...

Kenya rejects G20 debt relief initiative over restrictive terms

Kenya will not seek a suspension of debt payments under a G20 initiative aimed at helping poor countries weather the COVID-19 pandemic, its finance minister said on Friday, saying the terms of the deal were too restrictive.Minister Ukur Yatani...

Massive undersea cable project set to boost internet in Africa

Telecoms and internet giants unveiled on Thursday a mammoth project to lay a subsea cable around Africa to boost internet access to the under served continent.The consortium, which includes China Mobile International, Facebook, Orange and Vodafone, said a cable...

Leadership betrayal may slowdown Africa’s momentum to combat covid-19

Recent reports by World Bank and International Monetary Fund indicate that sub Saharan Africa could be the hardest hit due to the coronavirus pandemic.Over 40 million people in the poorest continent are likely to suffer from abject poverty; a...

14 workers at Total’s Congo oil operations has coronavirus

French energy major Total said on Sunday that 14 workers including two of its staff have tested positive for the new coronavirus at its sites in Congo Republic, but output at the 190,000 barrels per day operations have not...

IMF approves $1B in emergency aid for Ghana, $442M for Senegal

The International Monetary Fund on Monday said its executive board had approved $1 billion in emergency funding for Ghana and $442 million for Senegal to enable both countries to respond to the rapidly-spreading coronavirus pandemic.Ghana was at high risk...

Chad completes talks with IMF over $115m emergency funding

The International Monetary Fund has completed talks with Chad aimed at granting access to $115 million from its Rapid Credit Facility to help the African oil producer confront the impact of the COVID-19 pandemic, the Fund said in a...
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Hundreds of Ethiopian immigrants get warm welcome in Israel

Hundreds of Ethiopian immigrants on Thursday arrived to a festive ceremony at Israel’s international airport, as the government took...
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Tigray leader to Ethiopia’s PM; stop the madness

The fugitive leader of Ethiopia’s defiant Tigray region on Monday called on Prime Minister Abiy Ahmed to “stop the madness” and withdraw troops from...

Explosions hit 3 Malian cities amid jihadist attacks

The cities of Kidal, Gao and Menaka in northern Mali were hit by simultaneous attacks on Monday against military camps housing international forces, according...

Ethiopia: Leader of Tigray forces says fighting continues near Mekelle

The leader of Ethiopia’s rebellious northern forces has said he is still fighting close to the regional capital of Mekelle after it was captured...

Suicide bomber kills at least 7 at Mogadishu ice-cream shop

A suicide bomber blew himself up in an ice-cream parlour in the Somali capital Mogadishu on Friday, killing seven people and wounding eight, an...