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Tag: Business

Africa Business World 

Geneva adopts ‘world’s highest minimum wage’ of $25 an hour

Elwin Mandowa, , , , , , , ,
Voters in Geneva, Switzerland, have agreed to introduce a minimum wage in the canton that is the equivalent of $25 an hour — believed to be the highest in the world. According to government data, 58% of voters in the canton were in favor of the initiative to set the minimum wage at 23 Swiss francs an hour, which was backed by… Read More
Africa Business Ghana World 

Ghanaian-German Centre to hold second gender conference

Elwin Mandowa, , , , ,
– – The Ghanaian-German Centre for Jobs, Migration and Reintegration (GGC) has announced that its 2nd Gender Conference is slated for 7 October 2020 in Accra. The gender conference, which is on the theme, “Exploring Support Systems available in Ghana Before and after Migration: The Case of Female Migrant Workers” will bring together key stakeholders drawn from Civil Society, Educational,… Read More
Africa Business Lesotho Southern Africa World 

Lesotho: Violence against women costs economy $113 million annually

Elwin Mandowa, , , , , , , ,
– – A Commonwealth report has revealed violence against women and girls costs Lesotho more than $113 million (about 1.9 billion Lesotho loti) a year. The report estimates the total cost, including loss of income and expenses associated with medical, legal and police support, equates to around 5.5 per cent of Lesotho’s gross domestic product (GDP). The cost of $113 million means… Read More
Africa Business Mozambique World 

Mozambique President is Africa Oil & Power’s “Person of the Year”

Elwin Mandowa, , , , ,
– – Filipe Nyusi, President of Mozambique has been selected as Africa Oil & Power’s “Person of the Year” for 2020 by Africa Oil & Power. This prestigious award is presented to exceptional individuals who display true leadership and innovative thinking in steering their countries or organizations to the forefront of the global energy sector. President Nyusi has been at… Read More
Africa Business West Africa World 

West Africa’s new single currency delayed for five years

Elwin Mandowa, , , , , , ,
– – West African nations planning to adopt a single currency called the “ECO” effective this year say that won’t happen until after at least five years. In June last year, the regional bloc Ecowas made the headlines after announcing that beginning in January 2020, countries within the group will use a single currency called ECO. That decision was taken… Read More
Africa Business Nigeria News and Headlines West Africa World 

Dangote has world’s largest crude distillation equipment

Village Reporter, , , ,
Dangote has announced that it has taken delivery of the “world’s largest single train crude distillation column” at its Oil Refinery in Nigeria. The company said in a statement on Sunday that “this magnificent engineering masterpiece weighs 2250 MT (excluding internal trays); 112.5 m long; 14m wide and 13.75m tall and can fractionally distill 650,000 Barrels Per Stream Day.” In… Read More
Africa Business Ghana West Africa World 

Ghana’s new banknotes spark confusion over relevance

Village Reporter, , , ,
Ghana’s economy has over the last decade been on a roller coaster with signs of positivity and growth; decreasing inflation and subtle macro-economic stability at times. A recent four year deal with the International Monetary Fund was to ensure that the country resets its economic fundamentals and build on that. But one major thing has been a challenge for the… Read More
Africa Business Nigeria News and Headlines West Africa World 

Nigeria secures $210 mln loan from AfDB for power project

Village Reporter, , , , ,
The African Development Bank (AfDB) has approved a $210 million loan to help Nigeria upgrade its dilapidated electricity transmission and distribution network. The loan to Transmission Company of Nigeria (TCN) will support construction of 330KV double circuit quad transmission lines and sub-stations across the country, the bank said in a statement late on Friday. The AfDB funded project will run… Read More
Africa Business Ghana World 

African economies to benefit from safer Gulf of Guinea

Village Reporter, , , , , , ,
African economies stand a huge chance of growing significantly if the Gulf of Guinea is protected from the activities of pirates and illegal trade. Every year the Gulf of Guinea serves as a trade route amounting to over $1 billion countries globally transport goods across the Atlantic. Many of the vessels that travel across the Gulf of Guinea serve African… Read More
Africa Business Ghana West Africa World 

Volkswagen to open plant in Ghana early 2020

Village Reporter, , , , , , ,
German car-maker, Volkswagen is set to open an assembling plant in Ghana early 2020. In 2018 the company announced plans to set up a plant in Ghana as it continues to expand across Africa. Volkswagen already builds vehicles in Kenya and recently opened another car plant in Rwanda as part of its expansion project in East Africa. The Rwanda project… Read More
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