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Tag: Business

Africa Business West Africa World 

Chad: At least 30 killed in landslide at gold mine

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Officials in Chad say a landslide at a gold mine in northwestern Chad has killed about 30 people. Defence Minister Mahamat Sala told Reuters that the mine, collapsed early on Tuesday. Sala said more victims might still be buried in the rubble which is located near the Libyan border. According to officials the accident has taken some time to emerge… Read More
Africa Business Tourism World 

The collapse of Thomas Cook and its impact on Africa

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The collapse of Thomas Cook, one of Britain’s oldest companies has impacted negatively on Africa’s tourism industry. In many African countries the company operates, managers of tourism sectors have spoken of the sharp impact. Thomas Cook runs hotels, resorts and airlines for 19 million people a year in 16 countries. About 45 hotels deal exclusively with Thomas cook in Tunisia.… Read More
Africa Business Nigeria News and Headlines West Africa World 

The Nigerian who returned $80K bitcoins sent him mistakenly

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A Nigerian man has returned $80,000 worth of bitcoin mistakenly transferred to him. He returned the bitcoin to the owner. Keith Mali Chung is reported by Radio France Internationale to have discovered 7.8 bitcoins in his account. The bitcoins were worth $80,000 but he could not hold on to it knowing it didn’t belong to him. He reportedly tracked down… Read More
Africa Business Ghana West Africa World 

Ghana to host 1st African Cocoa and Chocolate expo

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From the 4th to the 6th October, 2019, the Ghana Export Promotion Authority (GEPA) will host the maiden edition of the African Cocoa & Chocolate Expo (ACCE) in the heart of the nation’s capital, Accra. For three days, this historic gathering would assemble and showcase innovations and achievements by entrepreneurs and change-makers in the cocoa value-chain in Africa, at the… Read More
Africa Business East Africa Egypt North Africa World 

Ethiopia rejects Egypt’s plan for operating dam on the Nile

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Talks between Ethiopia and Egypt over how a $4 billion hydropower dam will be operated on the Nile have not ended well. Ethiopia on Wednesday said it rejected a plan proposed by Egypt for operating the dam. The construction of the Grand Ethiopian Renaissance Dam (GERD) was announced in 2011. It is could make Ethiopia Africa’s biggest power exporter, generating… Read More
Africa Business East Africa World 

Tanzania to extend its gas pipeline network

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Tanzania said on Monday it planned to construct a 30-km pipeline to extend the country’s natural gas supply network from the capital Dar es Salaam to the nearby town of Bagamoyo to provide cheaper energy for factories and households there. The country has been eager to expand supplies of natural gas to more towns to allow factories in particular to… Read More
Africa Business Featured West Africa World 

ECOWAS leaders pledge $1 bln to fight Islamist militants

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Leaders of West African nations on Saturday pledged $1 billion to combat the surge in Islamist militancy threats in the sub-region. The ECOWAS sub-region has become troubled region with militants constantly launching deadly attacks. Al Qaeda and Islamic State aligned groups have strengthened their foothold across West Africa and the Sahel region. This year a lot of ethnic violence and… Read More
Africa Business World 

Nielsen reveals stabilizing prospects in Africa

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Africa’s markets are never quite what they seem as revealed by the latest Nielsen Africa Prospect Indicator (APi) which shows that amidst relentless change, country prospects are stabilising on the continent. This is evidenced by the fact that only two markets changed position on the latest APi ranking update, with Kenya remaining in top position, followed by Cote d’Ivoire. According… Read More
Africa Business West Africa World 

Arrests made in Ghana, Nigeria over money-transfer scams

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Police in Nigeria, Ghana and Kenya have reportedly made dozens of arrests over large-scale money-transfer scams. Suspects arrested reportedly carried out the scams by tricking victims into wiring money to bank accounts controlled by fraudsters. More than 250 people were arrested in 10 countries, according to the FBI which added that raids in the US, UK, Turkey, France, Italy, Japan… Read More
Africa Business World 

Apple unveils iPhone 11 Pro and ‘always-on’ Watch

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Apple has unveiled its iPhone 11 range of handsets, which feature more cameras than before and a processor that has been updated to be faster while consuming less power. The company said the two Pro models would last between four to five hours longer than their XS predecessors. But it did not launch a 5G model, and some rumoured features… Read More
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