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LifeMobile to set up assembling plant in Uganda

The US technology company, CTI Africa has announced plans to set up a phone assembly plant in Uganda next year. According to TheEastAfrican the trading...

Apple falls below $1tn despite rise in profit

Apple briefly lost its $1tn valuation on Thursday when its shares fell 7% in after-hours trading despite posting record results. The tech giant's strategy of...

Zimbabwe announces the discovery of oil

Zimbabwe has announced the discovery of oil wells in Muzarabani, north of the country. The country's President Emmerson Mnangagwa made the announcement on Thursday at a...

Siemens to establish a plant in Ghana

German conglomerate company, Siemens AG, is to soon establish a plant in Ghana. The decision by Europe's largest manufacturing firm follows a similar decision by...

Stanchart profit up by 25% despite slow performance in Africa

Standard Chartered PLC has recorded a 25 percent increase in profit as at last month. The Banks says the achievement is as a result of...

Telecom firm Glo Ghana avoids closure over $2 million debt

Ghana's Revenue Authority (GRA) on Tuesday nearly shut down the head office of telecom firm, Glo Ghana. The company is reportedly to be defaulting in...

Berlin to host G-20 Compact with Africa Forum

About eleven African leaders will be attending the G-20 Compact with Africa Conference which opens on Tuesday in Berlin, Germany. The Conference is bringing together...

Namibia scraps black ownership mining policy

Namibia has decided to scrap an old policy that requires that only companies partly owned by blacks can apply for mining licences. AFP reports that...

Joint border post between Ghana and Togo commissioned

A joint border post between Ghana and Togo has been commissioned. The commissioning on Friday was done by Ghana's President Nana Akufo-Addo. The Noepe-Akanu joint...

Tullow to drill eight new oil wells in Ghana

Oil Giant Tullow is preparing to drill eight new wells in the Ghana from next year. The company suspended its operations in Ghana's waters...

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