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Seychelles tops Africa passport Index

Seychelles has been ranked number one on the African continent in the 2019 Henley Passport Index. The index looks at passports of 199 countries globally....

Aker Energy discovers 550m barrels of oil in Ghana

Aker Energy on Thursday announced that it has discovered oil in commercial quantity in Ghana. It estimates that the discovery is around 550million barrels. The...

Magufuli orders Bank of Tanzania to create gold reserve

The Central Bank of Tanzania has been ordered by President John Magufuli to create a gold reserve. This is part of measures being adopted by...

Ghana misses 8 percent inflation target for 2018

Ghana has failed to meet it's inflation target of 8 percent for last year. Ghana's Statistical Service released data which showed that inflation for...

Zambia stops ‘prolong erection’ energy drink production

Authorities in Zambia have stopped the production of an energy drink called Natural Power SX over prolong erection concerns. Concerns have been raised about the...

Amazon overtakes Microsoft as the world’s most valuable listed company

The world's largest online retailer Amazon has overtaken Microsoft to become the world's most valuable listed company. Amazon was valued at $797 billion when the...

Nigeria achieves 30 percent broadband target

Nigeria has recorded some remarkable improvement in its broad band penetration from 5 percent in 2013 to  31 percent in 2018. The latest statistics was...

Nigeria warned against lifting ban on 41 items

Nigeria ‘s central bank is warning against any attempt to lift ban on the importation of some 41 items into Nigeria. The West African country...

23 Ghanaian banks meet minimum capital requirement

23 out of 34 universal banks in Ghana have successfully met a $83 million (400 million cedis) minimum capital requirement deadline. All banks in Ghana...

Ex-Credit Suisse workers arrested over Mozambique fraud case

Three former Credit Suisse bankers, Andrew Pearse, Surjan Singh and Detelina Subeva have been arrested in London. They are accused of playing a role in a...

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