Business: Latest News

  • How Nigeria’s Super Rich Make–And Spend–Their Millions

    By Ann Brown, 7:00 pm

    All Africa recently took a look at “Nigeria’s Super Rich – How They Make, Spend Their Money.” What they found was that “successful individuals who have created wealth through wise and diligent investments in business hardly squander their money. They also tend to  reinvest their capital into their businesses. Among the people the outlet profiled […]

  • Renovation On Praia Fishing Port Brings Cape Verde Closer To Exportation

    By Ann Brown, 6:00 pm

    From A Semana Work on the fish dock at Praia sea port began several weeks ago and is expected to be concluded within four months, after which the infrastructure will have an improved sanitation system, electricity and flow of catch, which will add value to the recent improvements brought with the Quality Control Center, which […]

  • UN Awards Ghana Armed Forces Aviation Service Contract In Mali

    By Ann Brown, 5:00 pm

    From Ghana Business News The Ghana Air Force (GAF) has won a United Nations air services contract to operate an aviation unit in Mali in support of its operations. A statement from the Public Relations Directorate of the GAF said the Air Force, which won the international competitive bidding to operate the new unit, was […]

  • Kenya Wants Nigerian Business And Tourism

    By Ann Brown, 3:00 pm

    From e Turbo News Kenya used the presence of President Uhuru Kenyatta in Nigeria for an African Union Summit to progress a range of bilateral issues, among them the conclusion of negotiations over a new air services agreement between the two countries. Kenya Airways presently flies daily with a B777 to Lagos, Nigeria’s commercial capital […]

  • Nigerian Lawmakers Seek To Have Shell, Eni Oil Block Award Revoked

    By Ann Brown, 1:00 pm

    From Business News Nigeria should revoke oil rights for which Royal Dutch Shell Plc  and Eni SpA  paid $1.1 billion, a parliamentary committee said, alleging that the acquisition process was “highly flawed.” Shell and Eni jointly bought Oil Prospecting License 245 from Malabu Oil & Gas Ltd., controlled by Dan Etete, a former oil minister, […]

  • Niger Fires Russian Firm From Dam Project Due To Delays

    By Ann Brown, 12:00 pm

    From Business News Niger has cited delays to revoke a huge contract with a Russian company tasked with building the impoverished nation’s flagship hydroelectricity project. “The government has quite simply decided to terminate the contract between the state of Niger and Zarubezhvodstroy for the construction of the dam,” Prime Minister Brigi Rafini said on public […]

  • South Africa Chastised at SA-EU Business Forum

    By Ann Brown, 11:00 am

    From Business Day Live Karel De Gucht, the European commissioner for trade, on Wednesday made short shrift of pleasantries in his opening remarks at the second South Africa-EU Business Forum, hosted by the Department of International Relations and Co-operation in Pretoria. Mr De Gucht said European investors were watching South Africa carefully after the country […]

  • Major Expansion Plans for Ghana’s Tema Port

    By Ann Brown, 10:00 am

    From African Business Bolloré Africa Logistics Ghana Limited is to invest about $15m in infrastructural upgrading at the Tema Port as part of efforts aimed at expanding facilities there to meet rising demand. The investment will go into the purchase and installation of cranes, reach stackers, ship to-shore cranes, among others, and will be done […]

  • Africa Looking To Increase Intra-African Trade

    By Ann Brown, 9:00 am

    From All Africa How to break the colonial legacy of exporting goods ‘overseas’ and raise the level of trade between African countries? This has been an issue the African Union (AU) has grappled with since it devoted its January 2012 summit to the issue of c’. The annual Economic Development in Africa report by the […]

  • Scientists To The Hungry In Africa: ‘Eat, Sell, Export Insects’

    By Dana Sanchez, 5:26 pm

    Some insects are more nutritious than red meat, more readily available and there’s a market for them, say scientists looking at ways to end endemic famine in Africa, according to a report in Africa Review. Two billion people eat insects globally, according to a Food and Agriculture Organisation report. Insect eating in Ghana, like in many […]

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