Dangote Lost 35% of his Wealth in 2016 – Bloomberg
The fortune of Aliko Dangote, Africa’s richest man, has fallen by 35% in 2016, on the back of a commodities slump coupled with falling stock […]
Zoom
Facebook’s Zuckerberg Visits Nigeria
The founder and Chief Executive Officer of Facebook, Mark Zuckerberg arrived in Nigeria on Tuesday, part of a visit to several African countries to drive […]
Tunisair to Cut 1,000 Jobs – Transport Minister
Tunisair, the state-owned carrier, has announced on Monday that it will lay off 1000 of its employees as part of reform plans. According to the […]
Benin to Remove Visa Requirements for all African Citizens
Benin’s President Patrice Talon on Monday announced that his country would scrap visa requirements for Africans entering the West African nation. ‘‘Learning from Rwanda, I […]
Japan pledges $30bln for Africa, about 9mln to spur Kenya economy
The Japanese government this weekend pledged to give Kenya about $9.78 million in aid to spur economic and social development in the Eastern African nation. […]
UNDP Warns Gender Inequality High in Africa
A report released by the United Nations Development Program (UNDP) on Sunday revealed that gender disparity in Africa has been high as a result of […]
SA Discovers a Compound that Could End Malaria
Scientists at the University of Cape Town’s Drug Discovery and Development Centre (H3D) have discovered a new anti-malaria compound “with potential for both treatment and […]
Some 147mln African Children to Live on Nearly $1.90 a Day – Study
The UK-based Overseas Development Institute (ODI) revealed Thursday that Africa risks having over 40% of the world’s poorest people over the next 14 years. In […]
Desmond Tutu Readmitted to Hospital for Persistent Infection
South African archbishop emeritus Desmond Tutu has been admitted to a Cape Town hospital as he is suffering from a persistent infection, his family said […]
Nigeria’s Central Bank Suspends 9 Banks from the FX Market
Nine banks in Nigeria have been barred from the foreign exchange market, local news reported on Wednesday. The move comes after the banks reportedly failed […]