Kevin Mwanza, 7:40 am
Nigeria’s economy sunk deeper into recession after its Gross Domestic Product (GDP) contracted for the third straight quarter of this year by 2.24 percent, according to data released by the National Bureau of Statistics (NBS) on Monday. The dip follows a 2.06 percent decrease in the year’s second quarter as inflation hit an 11-year high of 18.3 percent last month, driven by an acute dollar shortage that has drastically hit the West African nation’s capacity to import.
Kevin Mwanza, 6:03 am
Sudan Airways, one of the oldest airlines in Africa, will receive two Airbus jets funded by the government of China as part of a financial deal signed with the Asian nation to provide 14 commercial aircraft to the national carrier’s fleet. The government did not however provide details of the financial institution that will fund the new fleet for its national carrier. President Omar al-Bashir signed the deal with his Chinese counterpart during an official visit to Beijing on September 7th
Kevin Mwanza, 3:33 am
Mauritius, an Indian Ocean island in sub-Saharan Africa, is the fastest growing wealth market on the continent with 3,200 millionaires, according to a report by the New World Wealth Investment Review. The average person on the island is worth $ 21,700, which is more than second-placed South Africa, Africa’s biggest economy where the average person is worth about $10,300.
Kevin Mwanza, 6:40 am
Uganda, home to more than half of Africa’s bird population, seeks to earn over $700 million from its rich bird variety over the next decade, government officials said during the Africa Birding Expo held in Entebbe from 18-21 November. The East African nation hosted the event for the first time at Botanical Gardens in Entebbe and hopes to use the show to increase its tourism revenue.
Kevin Mwanza, 4:51 am
Augustin Ponyo, the Prime Minister of the Democratic Republic of Congo (DRC), and other cabinet members resigned last week in a deal that is expected to usher in a unitary government and extend President Joseph Kabila’s tenure past his constitutionally-mandated term next month, to April 2018. The position will be occupied by an opposition leader with several others getting ministerial slots
Kevin Mwanza, 4:06 am
Exxon Mobil Corp., the world’s biggest oil producer by market value, is negotiating with the government of Chad over a record $74 billion fine, which is about five times the country’s Gross Domestic Product (GDP). The country’s High Court slapped the U.S. firm with the fine last month, after a complaint by the Ministry of Finance that the consortium failed to pay taxes and had an outstanding $819 million in overdue royalties.
Kevin Mwanza, 3:43 am
Uganda’s dreams of exporting crude oil for the first time will be delayed by several years after the firms undertaking the exploration on its deposits, Tullow Oil Plc of Britain and Total South Africa, said the nation must improve its infrastructure to meet the transportation requirements. The landlocked nation pulled out of a joint oil-pipeline project with Kenya in April, opting for Tanzania instead.
Kevin Mwanza, 6:05 am
Mountain gorillas, one of the world’s most endangered species, received a boost in Uganda after the nation’s wildlife conservation agency discovered three new-born in as many months, adding to the growing population after years of decline in its population. Uganda Wildlife Authority (UWA) made the discovery on Friday morning in the Bwindi Impenetrable Forest National Park
Kevin Mwanza, 5:54 am
Laurent Pokou, two time top goal-scorer at the African Cup of Nations (AFCON) and arguably one of the greatest footballers from Ivory Coast, died on Sunday after receiving treatment at the Polyclinique Internationale Sainte Anne-Marie (PISAM) in Abidjan for two months. The Ivory Coast football legend died of an un-disclosed illness. Pokou, 69, also holds the record for the most goals scored in a single match after netting five against Ethiopia
Kevin Mwanza, 6:44 am
Gambia’s renowned wrestler, Ali Mbengu, died about a week ago after a boat he was in with other illegal immigrant trying to reach Europe via the Mediterranean Sea capsized. His death came only days after Fatim Jawar, Gambia’s women’s football team goalkeeper, died under similar circumstances. Mbengu, popularly called ‘Mille Franc’ (Thousand Franc) was trying to cross into Italy from Libya, two years after settling in the North African nation