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Tag: Business

Africa Business Nigeria News and Headlines West Africa World 

Okonjo-Iweala named first female and African WTO boss

Elwin Mandowa, , , , , , ,
– – The World Trade Organization (WTO) on Monday announced officially the appointment of former Nigeria’s finance minister Ngozi Okonjo-Iweala as its new director-general. Ngozi will take over the role effective March 1, becoming the first woman and also African to lead the institution. Her appointment was made shortly after  WTO held a special general council meeting on Monday. BREAKING:… Read More
Africa Business Ghana West Africa World 

Ghana’s finance minister travels to US for post-Covid health care

Elwin Mandowa, , , , , , ,
– – Ghana’s Finance Minister, Ken Ofori-Atta, has traveled to the United States of America for post-Covid-19 medical care. The government said in a statement that “After recovering from Covid-19 last December, Mr Ofori-Atta has had medical complications which doctors advise, require further interventions not currently available in Ghana.” The statement added that Mr. Ofori-Atta who is due to appear… Read More
Africa Business Namibia World 

Air Namibia ceases operations as it files for liquidation

Elwin Mandowa, , , , , ,
– – Namibia’s national carrier Air Namibia has suspended all operations, leaving hundreds of workers without jobs. The airline is cancelling all of its flights and grounding its aircraft with immediate effect. In a statement Air Namibia asked all affected customers to cancel reservations and request refunds. The state owned newspaper the New Era reported that more than 600 employees are being sent home by… Read More
Africa Business World 

The Best 5 Forex Broker For Africa In 2021

Elwin Mandowa, , , , , , ,
– – Forex trading has been growing in popularity in the African continent for almost 5 years. This is evident from data that show countries like Nigeria, South Africa, and others experiencing an increase in online traders and trading activity. All of this has been achieved despite the sweeping regulations and challenges that have crept up over the years. The… Read More
Africa Business Nigeria News and Headlines West Africa World 

Nigerian banks closing accounts dealing with cryptocurrency

Elwin Mandowa, , , , , , ,
– – Nigeria’s Central Bank has told banks and other financial institutions in the country to close all cryptocurrency-related accounts. Last week the bank in a statement said all financial institutions were prohibited from facilitating crypto currency payments. “Further to earlier regulatory directives on the subject, the Bank hereby wishes to remind regulated institutions that dealing in cryptocurrencies or facilitating… Read More
Africa Business World 

Energy Council to host 5th Annual MSGBC Basin Summit & Exhibition in Dakar

Elwin Mandowa, , , , ,
– – In 2020, President Macky Sall opened the Energy Council’s 4th MSGBC Basin Summit & Exhibition in Dakar. Held in partnership with PETROSEN, Senegal’s National Oil Company, the conference played host to the official launch of the country’s first offshore licensing round as well as welcoming Ministerial participation from all countries in the basin. The MSGBC Basin Summit &… Read More
Africa Business Southern Africa World 

Covid-19: RwandAir suspends flights to southern Africa

Elwin Mandowa, , , , , , , ,
– – Rwanda’s national carrier Rwandair has announced temporarily suspension of flights to South Africa, Zimbabwe and Zambia. In a statement posted on Twitter, the airline said the suspension was due to the new Covid-19 variants reported in southern African countries. It said all flights to and from the cities of Johannesburg, Cape Town, Lusaka and Harare have been suspended… Read More
Africa Business Ghana West Africa World 

Ghana secures duty-free and quota-free access to UK market

Elwin Mandowa, , , , , , ,
– – Ghana has announced that it has signed a deal with the United Kingdom (UK) that gives it duty-free and quota-free access to the UK market. Ghanaian will also provide preferential tariff reductions for UK exporters, per the deal. Ghana’s Trade Minister Alan Kyerematen said in a statement on twitter he was happy with the “new Interim Ghana-UK Trade Partnership… Read More
Africa Business Nigeria News and Headlines West Africa World 

Ngozi Okonjo-Iweala set to take historic role as WTO boss

Elwin Mandowa, , , , , , , ,
– – Nigeria’s Ngozi Okonjo-Iweala is set to take up the role of the first woman, and first African Director-General of the World Trade Organization. In October 2020, she secured 104 out of 164 votes to become the first African to head the World Trade Organization. Okonjo-Iweala who was the only African left in the race beat South Korea’s Yoo Myung-hee for… Read More
Africa Business World 

Here are 20 of Africa’s best countries to do business

Elwin Mandowa, , , , , , , ,
The World Bank Group has a major flagship publication which it publishes every year called the Doing Business report. The 2020 publication is the 17th in a series of annual studies measuring the regulations that enhance business activity and those that constrain it. Doing Business, according to World Bank “presents quantitative indicators on business regulations and the protection of property rights that… Read More