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Business

Six Things to Know About Somalia’s Economy

Somalia faces numerous challenges on its quest for peace, stability, and economic prosperity. The recent drought and famine will test the country’s resilience to...

United finally apologizes as image takes beating

The chief executive of embattled United Airlines unequivocally apologized Tuesday for an incident in which a passenger was dragged off a plane, promising a...

Quantum Oil Terminals Limited sues IFC and the OPEC

Quantum Oil Terminals Limited has sued International Finance Corporation (IFC) and the OPEC Fund for International Development for damages totaling $41.3million ($41,319,123) as damages for alleged breach of contract.

Ghana to review Telco licenses by end of 2017

Ghana’s Ministry of Communication has begun efforts aimed at amending Telecommunications regulations in the country by the end of the year.

Shell admits dealing with money launderer

Shell has admitted for the first time it dealt with a convicted money-launderer when negotiating access to a vast oil field in Nigeria. It comes...

Benin gets 151 million dollar bailout from the IMF

The Executive Board of the International Monetary Fund has approved a three-year arrangement under the Extended Credit Facility (ECF) for Benin for an amount...

Nigerians boycott Coca-Cola drinks

Consumers of Sprite and Fanta have more to worry about than rotting teeth according to a Lagos High Court judge, who ruled that the...

South Africa’s $72 billion nuclear project to move in June

South Africa's tender for the estimated 1 trillion-rand ($72 billion) expansion of its nuclear power plants will begin in June when state utility Eskom...

AfDB Vice President Kacou concludes three-day visit to Sudan

The Vice President of the African Development Bank (AfDB) responsible for Corporate Services and Human Resources, Alberic Kacou, concluded a three-day official visit to...

Fitch downgrades South Africa’s credit rating

Ratings agency Fitch downgraded South Africa's credit rating to sub-investment grade on Friday, saying a recent cabinet reshuffle that saw respected finance minister dismissed...

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