United Bank for Africa appoints four new board members
03/09/2018The Board of Directors of the United Bank for Africa has announced the appointment of four new members to its board, subject to the approval of the Central Bank of.
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Business & Economy
Libya Leads OPEC Oil Output to 2018 High Despite Iran Losses
03/09/2018OPEC crude production rose in August to the highest level this year as a recovery in Libyan output helped to offset a cut in Iranian exports due to U.S. sanctions..
Business & Economy
China’s dominance draws Europe, US closer to Nigeria, Africa
03/09/2018Following China’s almost complete takeover of investment opportunities in Africa, major European nations; France, the United Kingdom (UK) and Germany, including the United States of America are now in the.
Business & Economy
Safaricom faces $4.5m fine for failing to connect small firms
03/09/2018Kenya’s biggest telecoms operator Safaricom faces a fine of around $4.5-million for failing to connect calls made to smaller firms, according to company and regulatory documents reviewed by Reuters. The.
Africa
FOCAC brings bright future for China and Africa: President Julius Maada Bio
03/09/2018Amid rising global trade protectionism, the 2018 Beijing Summit of the Forum on China-Africa Cooperation (FOCAC) shows China’s determination to promote fair international trade, which will significantly benefit African countries,.
Africa
Business & Economy
Ghana may issue $50 bln century bond – President
03/09/2018Ghana may issue a 100-year $50 billion bond as part of the West African nation’s long-term industrialisation plan aimed at weaning the country off aid, its president said at a.
Africa
President Ramaphosa’s remarks at China-Africa Dialogue in Beijing
03/09/2018CHINA-AFRICA HIGH LEVEL DIALOGUE WITH BUSINESS REPRESENTATIVES FORUM ON CHINA-AFRICA COOPERATION 03 SEPTEMBER 2018 BEIJING, CHINA Your Excellency Xi Jinping, President of the People’s Republic of China, Your Excellency Paul.
Business & Economy
Egypt, China sign 3 contracts at $1 bn investment
03/09/2018On the sidelines of President Abdel Fattah al-Sisi’s visit to China, three contracts were signed on Sunday evening with large Chinese companies for investments around US $1 billion, to be.
Business & Economy
Kenyan Multi-Millionaire Industrialist Chris Kirubi Sells BIC Franchise
03/09/2018Haco Industries, the fast moving consumer goods manufacturer owned by Kenyan businessman Chris Kirubi, has relinquished its manufacturing and distribution rights of BIC stationery and personal care products to French.