His Excellency Vice President, Dr Mahamudu Bawumia and Unilever Global CEO Paul Polman agreed a Joint Vision, outlining their support for the development of a sustainable palm oil industry in Ghana. Under this Joint Vision, Unilever and the Government of Ghana will work together to develop the plantation, support smallholder farmers, and help ensure a positive impact on the local economy.
Ghana's Commercial High Court has dismissed an application by the International Finance Corporation (IFC), the private lending arm of the World Bank Group and...
Nigeria has formally started exporting yam to the European Market according to its Agriculture Minister Audu Ogbeh.
As part of the moves he revealed Nigeria...
Ghana has signed an agreement with China that could lead to a 10 billion dollar investment in Ghana's bauxite industry. The money will also boost the country's infrastructure at a time when economic growth has slowed in recent years. Ghana’s Senior Minister Yaw Osafo Marfo says the Chinese Development Bank will provide the money.
This is just the latest development in the growing interest of China in Africa. The extent of that interest has been highlighted in a new report from McKinsey consultancy group. It says that in two decades, China has become Africa’s most important economic partner. Across trade, investment, infrastructure financing, and aid, no other country has such depth and breadth of engagement in Africa".
Widows of four of the nine men executed by Nigeria’s military regime in 1995 have a filed a civil lawsuit in The Hague, Netherlands, accusing Royal Dutch Shell of alleged complicity in a military crackdown.
The deaths of the men - known as the Ogoni nine - provoked an international outcry.
The lawsuit accuses the oil giant of providing support to the military, which ultimately led to the execution of the men
French investment bank BNP Paribas has been accused of genocide, crimes against humanity and war crimes related to the mass slaughter in 1994 that claimed more than 800,000 lives.
Reuters reports that three non-government organisations (NGOs) have filed a lawsuit in Paris against BNP Paribas, alleging that it knowingly approved a transfer of $1.3m from the Rwandan central bank to an arms dealer during the genocide.
President of the African Development Bank Dr Akinwumi Adesina has been awarded with the World Food Prize for helping Africa get it right in agriculture and making it a key player of securing food for the world. The World Food Prize board chose Adesina this year for the $250,000 prize, highlighting his role in improving the availability of seed, fertilizer and financing for African farmers, and for laying the foundations for the youth in Africa to engage in agriculture as a profitable business."
AngloGold Ashanti is considering laying off 8,500 workers, some 30 percent of its workforce, Africa's biggest gold miner said on Wednesday, as it looks...
