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Tag: Business

Africa Business Egypt North Africa World 

Egypt secures $1.67 billion in aid from the IMF

Elwin Mandowa, , , , , ,
– – The board of the International Monetary Fund on Friday approved the release of a second tranche of aid valued at $1.67 billion for Egypt, saying public debt and Covid-19 threatened its economic recovery. In June, the board approved a one-year, $5.2 billion financing package for Egypt. With the latest disbursement, more than $3.6 billion will have been released.… Read More
Africa Business Nigeria News and Headlines West Africa World 

Nigeria reopens borders with neighbours for trade

Elwin Mandowa, , , , , , , ,
– – Nigeria has reopened its land borders with neighbouring countries after closure for months. The country’s President, Muhammadu Buhari on Wednesday approved the immediate reopening of four of Nigeria’s land borders. The four affected borders are Seme border in South- West, Ilela border in the North- West, Mfun border in the South-South and Maigatari border in the North-West. The… Read More
Africa Business World 

The rise of cryptocurrency transfers to Africa

Elwin Mandowa, , , , , ,
– – Cryptocurrency is steadily growing acceptance in Africa. Similarly, the use of cryptocurrency for money transfers to Africa is also on the rise. Fintech companies use cryptocurrencies such as Bitcoin to mitigate problems associated with traditional money transfers to Africa and within Africa such as high fees. Africa is the most expensive region to send money to in the… Read More
Africa Business Featured Namibia Southern Africa World 

Namibia auctions 170 elephants due to drought

Elwin Mandowa, , , , , , ,
– – The Namibian government has announced the auctioning of elephants due to drought and human-widelife conflict. An advertisement in the state owned Era newspaper said about 170 high value elephants will be auctioned off. “Due to drought and an increase in elephant numbers, coupled with human-elephant conflict incidents, a need has been identified to reduce these populations,” according to the… Read More
Africa Business South Africa Southern Africa World 

South Africa probes lottery draw of 5, 6, 7, 8, 9, 10

Elwin Mandowa, , , , , , ,
– – South Africa’s Tuesday night national lottery drew the consecutive numbers 5, 6, 7, 8, 9 and a “PowerBall” number of 10, drawing immediate accusations of fraud. The lucky 20 luckers who came forward each won 5.7 million rand ($369,000) with another 79 receiving around 6,283 rand ($407) each for guessing the right sequence but missing the critical PowerBall. “Congratulations… Read More
Africa Business World 

Rights-based conservation leads to global biodiversity agenda

Elwin Mandowa, , , , , ,
– – With the UN, NGOs and conservationists advocating to place 30 percent or more of the planet’s terrestrial area under formal conservation by 2030, a new study cautions of the potential costs of using exclusionary conservation approaches to meet those targets. It also sets out how to achieve them: By empowering the Indigenous Peoples, local communities, and Afro-descendants who… Read More
Africa Business Nigeria News and Headlines West Africa World 

Nigeria arrests three suspects for duping 50,000 people globally

Elwin Mandowa, , , , , , ,
– – Three suspects have been arrested in Lagos, Nigeria following a joint INTERPOL, Group-IB and Nigeria Police Force cybercrime investigation. The Nigerian nationals are believed to be members of a wider organized crime group responsible for distributing malware, carrying out phishing campaigns and extensive Business Email Compromise scams. The suspects are alleged to have developed phishing links, domains, and… Read More
Africa Business Nigeria News and Headlines West Africa World 

Dangote is the most valuable brand in Nigeria for 2020

Elwin Mandowa, , , , , , ,
– – For the third consecutive year, Dangote Group has emerged the Most Valuable Brand in Nigeria, the outcome of the 2020 edition of the Annual Brand Evaluation, “TOP 50 BRANDS NIGERIA” has revealed. A brief summary of the 2020 report reveals that Dangote Group topped the list of the Most Valuable Brand 2020, followed by MTN which also doubled… Read More
Africa Business Ghana West Africa World 

G4S Security Services MD inducted into Ghana Corporate Hall of Fame

Elwin Mandowa, , , , , ,
– – The Managing Director of G4S Security Services, Mr. Michael Gyapah has been inducted into the Ghana Corporate Hall of Fame. The award was presented at the 2nd Corporate Ghana Hall of Fame event held Friday 31 October 2020 at the Marriott Hotel in Accra. The Corporate Ghana Hall of Fame is conceptualized as a grouping of selected current… Read More
Africa Business World 

Biden presidency offers reset for US-Africa business ties

Elwin Mandowa, , , , ,
– – The election of a new US president gives countries in Africa a chance to press the reset button on economic ties with the United States, according to Stephen Hayes, a former president of the Corporate Council on Africa, a body in Washington DC that encourages American businesses to invest in the continent. He thinks that Joe Biden will… Read More