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Tag: Business

Africa Business Ghana Nigeria News and Headlines World 

Twitter founder arrives in Nigeria for Africa tour

Village Reporter, , , , ,
The co-founder and CEO of Twitter Jack Dorsey has arrived in Nigeria for the start of a month-long trip in Africa. He will be spending the whole of November in Africa, visiting Ethiopia, Ghana, Nigeria, and South Africa. Dorsey had said before his trip that he would be spending a lot of time with entrepreneurs in these countries he is… Read More
Africa Business World 

McDonald boss fired after dating employee

Village Reporter, , , , ,
McDonald’s has fired its chief executive Steve Easterbrook after he had a relationship with an employee. The US fast food giant said the relationship was consensual, but Mr Easterbrook had “violated company policy” and shown “poor judgement”. The British businessman, who earned nearly $16m (£12.3m) last year, is due to receive 26 weeks of pay. The full value of the… Read More
Africa Business West Africa World 

Nigeria’s Buhari extends border closure to 2020

Village Reporter, , , , , ,
Nigeria’s President Muhammadu Buhari has extended the current closure of Nigeria’s border with neighbouring countries to January 31, 2020. Since August 20, 2019, Nigeria has closed its borders with some of its neighbouring West African countries. Borders in four geopolitical zones across the country, including South-South, South-West, North-Central and North-West have been closed. The government took the decision in an attempt to… Read More
Africa Business Central Africa World 

DR Congo to proceed with $14b Inga dam despite row

Village Reporter, , , ,
The Democratic Republic of Congo has said that building a $14 billion dam on the Congo River will still take place. The project is facing many challenges including disagreements between developers. Congolese officials had asked two groups of developers, one Chinese, one Spanish to submit a joint proposal last year. But talks between the partners broke down due to “serious… Read More
Africa Business Southern Africa World Zambia Zimbabwe 

Africa’s biggest waterfall at risk from drought

Village Reporter, , , , , ,
The flow at the Africa’s biggest waterfall is at its lowest since 1995, highlighting the threat posed by a drought to tourism and electricity generation in Zimbabwe and Zambia. Flow has slumped to 109 cubic meters-per-second (3,850 cubic feet) at Victoria Falls, a 1.7-kilometer (1.1 mile) curtain of falling water at the peak of a normal wet season, according to… Read More
Africa Business Ghana Nigeria News and Headlines West Africa World 

Ghana: Local traders lock up shops of foreigners

Village Reporter, , , , , ,
Local traders in Ghana’s second largest city of Kumasi on Wednesday locked up shops belonging to foreigners in some commercial hubs. The closure took place in areas like Alarbar, Adhye and Kejetia with Nigerian traders bearing the most brunt. It’s unclear what sparked the said lock up but local media reported it was a distress action coming on the heels… Read More
Africa Business Southern Africa World Zimbabwe 

Zimbabwe to roll out new bank notes in November

Village Reporter, , , , , ,
Zimbabwe’s central bank has said that the country’s new bank notes and coins will be in circulation in November this year. The Zimbabwe dollar currency was re-introduced this year after the country abandoned the US dollar as its official currency. This was to stabilize Zimbabwe’s economy which is still struggling to survive and currently in crisis. Zimbabwe’s President, Emmerson Mnangagwa… Read More
Africa Business Gambia West Africa World 

Pictures: How fire destroyed Gambia’s major industrial area

Village Reporter, , , , ,
One of Gambia’s major industrial areas outside the capital, Banjul has been destroyed by fire with traders losing millions of dollars’ worth of goods. Many of the traders were left in tears after the fire outbreak which happened on Sunday evening, according to eyewitnesses. Some of the shops that were destroyed by fire. Photo: Facebook/EYE Africa TV Online According to… Read More
Africa Business Ghana West Africa World 

IMF says Ghana’s GDP growth will hit 7% in 2019

Village Reporter, , , , , ,
The International Monetary Fund on Thursday said on Thursday that Ghana’s economic growth is expected to rise to around 7% this year. That increase from 6.3% in 2018 to 7% this year according to the IMF is boosted by the country’s extractive industries. In a statement IMF said Ghana’s exports oil, gold and cocoa, maintained macroeconomic stability since the conclusion… Read More
Africa Business West Africa World 

Why Francophone West Africa must take lead in ECO adoption

Village Reporter, , , ,
The proposed single currency named Eco for the West African sub-region is being pursued by member states in the hope that it will promote trade and economic growth. The acceptance of the Eco would however bring an end to the use of the CFA by members of the West African Monetary Union (WAMU), namely; Benin, Burkina Faso, Cote d’Ivoire, Guinea-Bissau,… Read More
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