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Source: Angola prosecutors charge ex-central bank governor in $500 million fraud case

Angolan Prosecutors have charged former Central Bank governor Valter Filipe da Silva in relation to an alleged US$ 500 million fraud attempted against the government in 2017, Reuters reports quoting an anonymous source. The news has been trending in the southern African country, though the prosecutor’s office had not responded to requests for comment by […]

Sorry Ghana, Ethiopia is Africa’s fastest growing economy in 2018

Ethiopian Airlines dispatches all-female crew for historic Argentina flight

Ethiopian Airlines scores another all-female flight crew feat as it expands its global footprint to the Argentine capital, Buenos Aires – its first such flight. The flight takes off on the occasion of the International Women’s Day and according to the Addis Standard news portal the crew will be operating the B787 Dreamliner from Addis […]

Sorry Ghana, Ethiopia is Africa’s fastest growing economy in 2018

Nigeria, World’s 6th Largest Oil Producer, Now World’s Largest Petrol Importer

Nigeria’s petroleum industry is the largest in Africa with proven oil and gas reserves of 37 billion barrels and 192 trillion cubic feet respectively. One would be forgiven for thinking Nigerians swim in petrol but no, that is simply not the case. According to the Nigerian National Petroleum Corporation (NNPC), Nigeria has a maximum crude […]

Sorry Ghana, Ethiopia is Africa’s fastest growing economy in 2018

Angola probes Isabel Dos Santos’ time as Sonangol chief

Isabel dos Santos is an Angolan businesswoman, Africa’s richest woman and the eldest child of Angola’s former President José Eduardo dos Santos. Angolan prosecutors opened an investigation on Friday into possible corruption at the country’s state oil giant when it was run by former president Jose Eduardo dos Santos’ daughter, Isabel. Investigators will probe “irregular […]

Sorry Ghana, Ethiopia is Africa’s fastest growing economy in 2018

‘Nigerians are getting poorer’ – International Monetary Fund

Nigerians are getting poorer despite the country’s slow recovery from recession and economic reforms are urgently needed, the International Monetary Fund(IMF) has said. The Fund expects the government to “muddle through” in the medium term, and any progress could also be threatened if elections next year consume political energy and resources, it said in a report seen […]

Sorry Ghana, Ethiopia is Africa’s fastest growing economy in 2018

Zimbabwe to give white farmers 99-year leases, like black counterparts

Less than 400 white farmers still operate in Zimbabwe. File picture: Howard Burditt/REUTERS Harare – Zimbabwe will issue 99-year leases to white farmers, according to a government circular, after new President Emmerson Mnangagwa said he would end discrimination along racial lines in agriculture. Fewer than 400 white farmers are still operating in the southern African […]

Sorry Ghana, Ethiopia is Africa’s fastest growing economy in 2018

Somali government introduces 5% sales tax to boost revenues

The Somali government has launched an aggressive tax collection campaign as part of efforts to win billions of dollars in international debt relief. However there are concerns on whether the country’s powerful businessmen pay up. The move has put tax collectors at the heart of a showdown with the country’s most powerful businessmen. But government […]

Sorry Ghana, Ethiopia is Africa’s fastest growing economy in 2018

China tops list of lenders to Kenya

China was the top country that advanced bilateral loans to Kenya in 2017, latest data from the Treasury shows. China gave Kenya Sh520 billion ($5,202.37 million) for the period ending December 2017. The Treasury data shows that China loans to the Kenyan government have been growing since December 2015 when it advanced the government a […]

Sorry Ghana, Ethiopia is Africa’s fastest growing economy in 2018

Bill Gates warns Trump: China biggest winner if US – Africa relations dip

Bill Gates, Chief Executive Officer (CEO) of Microsoft and one of the world’s richest men has cautioned the U.S. president Donald John Trump against damaging the country’s relations with Africa. Speaking at the annual World Economic Forum summit in Davos, Switzerland, Gates said the U.S. could lose Africa to China if Trump abandons Africa and […]

Sorry Ghana, Ethiopia is Africa’s fastest growing economy in 2018