BUSINESS | ANG - Part 4
  • March 28, 2024

Four persons sentenced to death in Tunisia for a 2013 assassination of a politician

A Tunisian court sentenced four people to death and two to life in prison on charges stemming from the murder of a left-wing politician, a public prosecutor said Wednesday. Chokri Belaid, …

Central bank of Nigeria raises interest rates to combat soaring inflation

Nigeria’s central bank implemented a significant increase in its monetary policy rate, raising it by 200 basis points to 24.75% from the previous 22.75%, according to Governor Olayemi Cardoso on Tuesday. …

Nigerian parents reunites with their children who were in captivity

Parents of more than 130 Nigerian schoolchildren who were rescued after more than two weeks in captivity said they saw them on Wednesday and that they couldn’t hold back tears of …

Business:Somalia authorizes first foreign banks in decades

Somalia announced Sunday that it has granted banking licenses to two foreign institutions, opening the country to international investment for the first time in decades. The Egyptian bank Banque Misr and …

Business:Sierra Leone slashes ‘zeros of shame’ from banknotes

Sierra Leone on Friday introduced a new family of banknotes, stripping three zeros off the leone, in a bid to restore confidence in the inflation-hit national currency. The Bank of Sierra …

Business:Germany, Nigeria to sign accord on return of Benin Bronzes

Germany and Nigeria are set to venture into an agreement to pave way for the return of centuries-old sculptures known as the Benin Bronzes that were taken from Africa in the …

South Africa faces most drastic power outages since 2019

South Africans are experiencing, in the middle of winter, the country’s most drastic outages since 2019. The state-owned electricity utility, Eskom, will implement stage 6 of load shedding between 4 and …

Business:Algeria invests in its youth to boost human development and economic growth

Before its independence, 60 years ago, Algeria only counted a few hundred students at the Central University of Algiers. The institution was the only one in the country and it was …

Nigeria orders Facebook, Twitter, others to provide information on “harmful accounts”

Social media platforms like Twitter Facebook and Tiktok will be required to register and open offices in Nigeria and appoint contact persons with the government. This regulation forms part of the …

Nigeria approves proposal for gas pipeline project to Morocco

The Nigerian government on Wednesday approved a proposal for the construction of a gas pipeline connecting Nigeria and Morocco. Africa’s gas reserves have come under increasing scrutiny Since the beginning of …

Fashion:The “African braid” hairstyle’s growing popularity

Recently popular all over the world, the “African braid” hairstyle is used not only as a hairstyle but also as a social identity in Africa. The hairstyle, which is made by …

Zimbabwe seeks allies to allow international ivory trade

Zimbabwe, home to a quarter of Africa’s elephants and one of the few growing populations of the large land mammal in the world, is trying to find allies to legalise the …

20 million farmers in Africa to benefit from $1.5 billion emergency food facility

The African Development Bank has approved a $1.5 billion emergency food production facility for 20 million farmers on the continent. This is aimed at reducing the looming food crisis driven by …