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Saturday, September 26, 2020

Business & Finance

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...

SICO Egypt smartphone maker to export to Germany next month

Egypt’s first smartphone maker, SICO, said it will begin exporting its devices to Germany in November as part of its expansion plan to sell its products in Europe and Africa, its chairman told Reuters.Silicon Industries Corporation (SICO), which already...

Togo joins league of manganese producing countries

Togo has now joined the circle of manganese-producing countries. Thanks to the soon-to-be exploitation of the Nayega manganese deposit in the far north.The decision was taken at a recent ministerial council meeting in Lomé, the capital. The government has...
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Latest News

Post coup Mali interim president and vice sworn in

ReutersRetired colonel Bah Ndaw was sworn in as Mali’s interim president on Friday, tasked with presiding over an 18-month...
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Migrants stranded in Libya face vicious cycle of cruelty

Associated PressAmnesty International said Thursday that thousands of Europe-bound migrants who were intercepted and returned to Libyan shores this year have disappeared after being...

Unusually heavy rains in Senegal expose big gap in $1.4B flood plan

ReutersMore than two weeks after heavy rains hit Senegal, thigh-high stagnant water still fills streets in Dakar’s suburbs, as angry residents ask what happened...

Fmr French president Sarkozy to know fate in cash-from-Libya case

AFPA Paris appeals court will rule Thursday on a legal challenge by ex-president Nicolas Sarkozy and former aides against an investigation into claims that...

US Secretary of States pushes for breakthrough on Sudan deal

AFPWith weeks to go before US elections, Secretary of State Mike Pompeo is racing to make a breakthrough with Sudan that he hopes could...