Petra Diamonds sells South Africa mine for $14
10/12/2018Petra Diamonds has offloaded its Helam mine in South Africa for a total price of ZAR 200 ($14). Petra put the asset on care and maintenance in 2015 after failing.
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Most Recent World News
Business & Economy
Dangote produces 1.5m metric tons of sugar annually
09/12/2018Dangote Sugar Production Company is producing 1.5 million metric tons of sugar annually, the Director Sugar of the company, Alhaji Abdussalam Ibrahim Waya, has said. Waya stated this at Dangote.
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Business & Economy
AIIB invests $510 mln in sustainable infrastructure for Egypt
09/12/2018The Asian Infrastructure Investment Bank’s (AIIB) Board of Directors has approved $510 million funds for two infrastructure projects in Egypt. Co-financed with the Government of Egypt and other lenders, the.
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Business & Economy
Women economic empowerment key for Africa’s development – Alejandro Alvarez de la Campa
09/12/2018When women are economically empowered, they bring more benefits to society than the case with men, said World Bank’s practice manager for competitiveness, and innovation global practice on Saturday. Providing.
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Business & Economy
IMF approves $3.7bn credit for Angola
09/12/2018The International Monetary Fund (IMF) has approved $3.7 billion credit to Angola, the agency said. IMF, in a statement, said the three-year credit, under the Extended Fund Facility, was aimed.
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Africa
Business & Economy
Maintaining security and stability is an investment in Africa – Abdel Fattah el-Sisi
09/12/2018Egyptian President Abdel-Fattah El-Sisi says that ensuring security and stability in Africa is considered an investment for the continent. El-Sisi made the comments during the first session of the Africa.
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Business & Economy
SoftBank hires first female partner to manage $100bn Vision Fund
08/12/2018SoftBank hired Facebook executive Kirthiga Reddy as a partner at its $100 billion ( R1.41 trln) Vision Fund, the first woman to join a group of just a dozen that.
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Africa Forum 2018 kicks off under Sisi’s auspices in Sharm el Sheikh
08/12/2018Meetings of Africa Forum 2018 kicked off on Saturday morning in the Red Sea resort of Sharm el-Sheikh under the auspices of President Abdel Fatah El-Sisi and the participation of.
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Business & Economy
Ghana partners Ethiopian Airlines to fly national carrier
08/12/2018Ghana has signed a memorandum of understanding (MoU) with Ethiopian Airlines to fly the national flag in the aviation space in 2019. The agreement, which will be finalised before the.
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Business & Economy
Access Bank Pledges Technology Faculty for UNN
08/12/2018The Group Managing Director of the Access Bank, Dr. Herbert Wigwe said the bank has begun moves to endow a Technology Faculty at the University of Nigeria Nsukka (UNN). Wigwe.
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