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Wednesday, April 1, 2020

Business & Finance

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)...

Why Africans should be excited about Urban Agri World 2019

Urban Agri World is the only vertical farming, greenhouse and controlled environment Agriculture focused summit in Africa bringing together government and private sector stakeholders. It brings together growers, investors, farm produce buyers, academics, policy makers, technology & system integrators and...
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Latest News

Coronavirus force Ethiopia to shift election

Ethiopia's electoral board has postponed August’s highly anticipated general election because of current coronavirus pandemic.A new schedule would be...
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Boy 13, shot dead in Kenya by police enforcing curfew

The bullet struck the 13-year-old as he stood on the balcony of his family’s home with his siblings. Below, police officers moved through the...

Foreigners in East Africa face hostility over coronavirus

Panic over the global coronavirus pandemic has led to reports of discrimination against foreign nationals in East Africa.From Ethiopia, to Kenya and the Democratic...

Tunisia frees 1,420 prisoners over coronavirus

Tunisia’s President Kais Saied on Tuesday ordered the release of 1,420 prisoners in an amnesty to combat the spread of the coronavirus in prisons,...

MTN to go ahead with Nigeria stock sale amid market crisis

MTN will push on with a plan to reduce its majority stake in the wireless carrier’s Nigerian business, though turmoil caused by the coronavirus...