Louis von Zeuner resigns as chair of African Bank
06/09/2018The chair of the boards of African Bank and African Bank Holdings, Louis von Zeuner, has resigned to join the board of a company in the financial services industry. In.
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Business & Economy
Rwanda’s Kagame endorses Chinese investment in Africa
06/09/2018African Union chairman, Rwandan President Paul Kagame has termed Chinese aid and investment strategy in Africa as “deeply transformational” and respectful of the continent’s global position. Speaking Monday at the.
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Business & Economy
Global economy can reap $26trn by fighting climate change – Okonjo Iweala
06/09/2018A former finance minister of Nigeria and Co-Chair of the Global Commission on the Economy and Climate, Ngozi Okonjo-Iweala, says fighting climate change can add $26 million to the world.
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Africa
South African recession is “transitional issue” – President Cyril Ramaphosa
06/09/2018South Africa’s slide into recession is a “transitional issue” from which the economy will soon recover, President Cyril Ramaphosa said in comments published on Thursday, repeating promises for a stimulus.
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Business & Economy
World Bank Vice President visits Algeria
06/09/2018World Bank Vice President for the Middle East and North Africa, Ferid Belhaj is in Algeria from September 5 to 6, 2018 to reaffirm the Bank’s support for the national.
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Business & Economy
Africa Energy begins oil drilling in offshore Namibia
06/09/2018Africa Energy Corp, an oil and gas company with exploration assets offshore Namibia and South Africa has announce the initial drilling of the Cormorant-1 well on Petroleum Exploration License 37.
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Business & Economy
Nigeria’s external debt rises by $11.77bn in 3yrs – DMO
05/09/2018Nigeria’s external debt commitment rose by $11.77bn in the last three years, investigation has shown. According to debt statistics obtained from the Debt Management Office, the country’s external debt rose.
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Africa
Mali PM re-instated, ordered to form new govt
05/09/2018Mali’s president has reappointed Prime Minister Soumeylou Boubeye Maiga and ordered him to form a new government, a statement from the presidency said on Wednesday. Maiga is a close ally.
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Business & Economy
Equatorial Guinea to launch new oil and gas bid round in January
05/09/2018Equatorial Guinea will launch a new oil and gas exploration bidding round early next year and may refuse extensions of existing licenses to oil companies unless they collectively invest a.
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Business & Economy
Senegal is building a $2 billion futuristic city to help cut down on overcrowding in Dakar
05/09/2018Senegalese leaders have long dreamed of building a new urban center amid mounting congestion and overcrowding in the capital city of Dakar. With a population that exceeds three million, the.
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