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Africa’s Richest Woman, Isabel Dos Santos Under Probe Over Graft At State Oil Firm

Angola’s oil giant, Sonangol, has announced it will investigate Isabel Dos Santos for “possible misappropriation” of funds. Isabel Dos Santos appeared in Forbes 2016 as Africa’s richest woman. According to Forbes, Dos Santos real time Net Worth as of December 20, 2017 was $3 billion. Last September, Angolan President Joao Lourenco discharged Santos as chair of the state oil […]

Somali government introduces 5% sales tax to boost revenues

Museveni visits Kenya for bilateral talks with Kenyatta

Visiting Ugandan President Yoweri Museveni [L] and Kenya’s Uhuru Kenyatta at State House Nairobi. Ugandan President Yoweri museveni is in Kenya for an official visit, the first visit to the country by a Head of State since President Uhuru Kenyatta was sworn-in for a second term last month. Museveni met with Kenyatta in State House, […]

Somali government introduces 5% sales tax to boost revenues

Nigeria Govt Gives Oil Firms Two Weeks to Pay Royalties

The House of Representatives Committee on Oil and Gas on Thursday gave 10 indigenous oil companies in the country two weeks to remit 250 million dollars oil royalty to federal government’s coffers. Jerigbe Agom, the chairman of the committee, gave the ultimatum at the ongoing sitting over unremitted funds in the industry. According to the […]

Somali government introduces 5% sales tax to boost revenues

Aliko Dangote Video: 12 Habits To Start Making Serious Money In Africa

According to Africa’s richest man, Aliko Dangote, doing the following things is really important to start the process of building wealth in Africa.  1. Always add value. Value makes the world go round. Everyone wants to get value out of an exchange. The most successful entrepreneurs in the world know that if you’re going to […]

Somali government introduces 5% sales tax to boost revenues

Senegal opens new $600m airport built over 10 years

Senegal has a new airport as the west African country seeks to underline its status as an airline hub in the subregion. The Blaise Diagne International Airport was officially opened on Thursday (December 7) by President Macky Sall. He called it a “source of satisfaction and legitimate pride” for the country. Whiles expected to increase […]

Somali government introduces 5% sales tax to boost revenues

Sierra Leone “peace diamond” fetches $6.5 million at auction

Sierra Leone has sold one of the world’s largest uncut diamonds for $6.5 million at a New York auction. The egg-sized gem, known as the “Peace Diamond,” was bought by British luxury jeweler Laurence Graff on Monday. The gem was sold to raise funds for development projects in the country. “One hundred percent of the […]

Somali government introduces 5% sales tax to boost revenues

Aliko Dangote is only African among Bloomberg’s 50 most influential people in 2017

Nigerian Aliko Dangote, Africa’s richest man, has been listed among Bloomberg’s 50 most influential people who have impacted the world in 2017.  He is the only black African named in the list which includes South African-born SpaceX CEO Elon Musk, Amazon’s Jeff Bezos, and anti-nuclear weapons advocate Beatrice Fihn. Dangote was honoured for his $4 billion dollar […]

Somali government introduces 5% sales tax to boost revenues

European Union to invest $52.2 billion in Africa to create jobs for youths

German Chancellor Angela Merkel (C) arrives to greet Ivory Coast’s President Alassane Ouattara (2L) and Guinea’s President and African Union (AU) chairman Alpha Conde (2R) next to African Union (AU) Commission chairman Moussa Faki (L) and European Council President Donald Tusk during the 5th African Union – European Union (AU-EU) summit in Abidjan, on November […]

Somali government introduces 5% sales tax to boost revenues