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Monday, July 13, 2020

Business & Finance

Africa’s tallest building – The Leonardo opens in South Africa

Africa’s tallest building - and one of the most exclusive hotels in Sandton, South Africa, The Leonardo - finally opened its doors on Tuesday, with developers of the 234-metre tall building declaring the 240-suite hotel and residences ready for...

South African economy goes into recession

Widespread power cuts are blamed for pushing South Africa’s economy, the continent’s most industrialized, into recession, according to official statistics released Tuesday.The South African economy shrank by 1.4% in the fourth quarter of 2019 from the previous three-month period,...

Liberian national named as deputy managing director at IMF

International Monetary Fund Managing Director Kristalina Georgieva on Tuesday nominated former IMF official Antoinette Sayeh to become a deputy managing director at the Fund.Sayeh, a Liberian national, was director of the IMF’s African Department between 2008 and 2016. She...

Losses from Libya’s oil shutdown now over $2B

Financial losses over a protracted blockade of Libya’s vital oil fields and ports have rapidly swelled, surpassing $2 billion on Tuesday, the country’s National Oil Corporation said.Oil supplies have become a major point of conflict between rival governments in...

Stanbic IBTC attracts highest capital inflow to Nigeria for 3rd quarter 2019

Stanbic IBTC Bank PLC, a subsidiary of Stanbic IBTC Holdings PLC, has emerged as the financial institution that attracted the highest amount of capital investment in the third quarter of 2019.This was contained in the Nigerian Capital Importation report...

COMESA, EAC, ECOWAS launch platform to connect African women in business

50 Million African Women Speak platform provides information on starting and growing a business, and has a social networking feature for women entrepreneurs to learn from and do business with each otherA digital platform specifically designed to address the...

Liberia and Ivory Coast sign MOU to promote trade

The Governments of Liberia and Ivory Coast have signed a Memorandum of Understanding (MoU) to help promote trade and economic cooperation between the two countries, according to Daily Observer.The MOU, which was signed on November 15, 2019, is aimed...

BRICS nations to consider adding countries to development bank

Leaders of the BRICS group of leading emerging economy nations meeting this week will discuss opening their development bank to other countries to increase its capital to fund infrastructure and other projects, diplomats and the bank’s head said. The New...

Italy’s Saipem wins $100m pipeline contract in Equatorial Guinea

Italy’s Saipem has been awarded a contract in Equatorial Guinea worth $90-$100 million to build a 70 km subsea pipeline linking the Alen platform with the Punta Europa petrochemical hub, the oil ministry said on Thursday.Gas deliveries from the...

Nigeria sign new deal that increases her share from offshore oil revenue

Nigeria's President Muhammadu Buhari on Monday signed a measure to change the country's agreements with multinational oil companies to significantly increase the share of offshore oil revenue it takes."This afternoon I assented to the bill amending the Deep Offshore...
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Latest News

COVID-19 vaccine may start in Africa by first quarter 2021

Africa could have a COVID-19 vaccine in the first quarter of 2021 if human trials underway in South Africa...
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Death of Ivory Coast PM: Is Ouattara set to run for third term?

Ivory Coast’s ruling party may ask President Alassane Ouattara to rethink his decision not to stand for a third term, after the sudden death...

S/Sudan diplomat sparks uproar after urinating during live panel discussion

A South Sudanese diplomat in the United States, Gordon Buay has sparked an online uproar when he was seen urinating during a live Facebook...

Ragtag Burkina Faso’s volunteer fighters no match for jihadists

Issa Tamboure, 63, a member of local defense fighters was no match for gun-wielding jihadists who attacked his village in northern Burkina Faso in...

Ivory Coast PM and ruling RHDP candidate for presidency in next election dies at 61

Amadou Gon Coulibaly, Ivory Coast’s prime minister and the ruling party’s candidate for an October presidential election, died on Wednesday, President Alassane Ouattara said.The...