Most Recent World News

South Africa’s Land Bank says expropriation could cost the government R41 billion

The Land and Agricultural Development Bank of South Africa (LADBSA) has warned that land expropriation without compensation, implemented on farmland, will trigger a financial fright. As reported by Business Tech,.

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Ethiopian Airlines, Zambia to relaunch national airline at cost of $30 million

Ethiopian Airlines has signed a shareholding agreement with Zambia’s main development agency to relaunch the southern African country’s flag carrier at an initial cost of $30 million. The Ethiopian state-owned.

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ECOWAS moves to develop regional strategies for AGOA, TIFA

A Technical Working Group (TWG) comprising of focal points from Directorates of the Commission of the Economic Community of West African States (ECOWAS) recommended that regional and national strategies be.

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Afreximbank Records $343m Gross Revenue in Half-year

The African Export-Import Bank (Afreximbank) has released its unaudited financial statements for the half-year period ended 30 June 2018, showing gross revenue of $343 million. The figure represented a $21.

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Nigeria Wasted $1tn Earned in Oil Booms, Says Report

But for the recurring wastefulness of federal government, the country could have used about $1 trillion it earned from its production and sale of crude oil in five different oil.

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Nestlé Central & West Africa Region appoints Rémy Ejel market head

Nestlé Central & West Africa Limited, a subsidiary of the world’s leading Food and Beverage Company, has appointed Mr. Rémy Ejel as its new Market Head. Mr. Ejel joins Nestlé.

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Ivory Coast bank woes threaten to slow early cocoa purchases

Poor liquidity within Ivory Coast’s banking system caused by the collapse of the top cocoa producer’s largest domestic exporter risks hindering exports at the start of the upcoming main crop,.

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Nairobi Securities Exchange suspends trading of Kenya’s ARM Cement

The Nairobi Securities Exchange said on Monday it had suspended trading of Kenya’s ARM Cement two days after it was put under administration. “The suspension in trading of the company’s.

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Paints imported into Gambia contain high lead content, study

More than 80 percent of the paint brands included in a study analyzing lead in solvent-based paints for home use in The Gambia sold one or more paint which contained.

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Egyptian bank deposits rise 6.2% in five months – CBE

Egyptian bank deposits rose 6.2 percent in the first five months of the year to 3.536 trillion Egyptian pounds ($186.2 billion), central bank data showed on Sunday. Deposits stood at.

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