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India Offers Ten Billion Dollars In Soft Loans To African Nations

India Offers Ten Billion Dollars In Soft Loans To African Nations

India on Thursday offered ten billion dollars in soft loans to African countries over the next five years. Indian Prime Minister Narendra Modi made the offer in New Delhi at the opening of the Third Summit of the India-Africa Forum. Mozambican Prime Minister Carlos Agostinho do Rosario is attending the summit in representation of President […]

Mugabe Turns To His Daughter Bona Mugabe To Rescue Gushungo Holdings Company

Mugabe Turns To His Daughter Bona Mugabe To Rescue Gushungo Holdings Company

President Robert Mugabe has turned to his daughter Bona to rescue his Gushungo Holdings Company, which is reportedly struggling to stay afloat. Sources said Bona reported for work two weeks ago and called for an emergency meeting at which she read the riot act to the management team led by Albert Nhari. “She was very […]

South African’s MTN Caught Smuggling Billions To Shell Companies Abroad, To Evade Tax In Nigeria

South African’s MTN Caught Smuggling Billions To Shell Companies Abroad, To Evade Tax In Nigeria

MTN has consistently prided itself as the foremost telephone company that is getting Nigerians talking the most.Now the South African company is about to set tongues wagging across networks with revelations that it has routinely been shipping billions of dollars overseas to avoid paying its fair share of tax in Nigeria. An 11-month-long joint investigation […]

Africa’s Top Business Brands

Africa’s Top Business Brands

Africa has been beaming with rapid growth and indeed a number of business brands have come through to compete on the global stage. Jonathan Adengo looks at some of Africa’s most admired and valued brands. Africa is fast pacing and the pacing has been frenzied for decades albeit because of the continent’s young population. Indeed […]

British Airways Dramatically Crash Lands In South Africa After Landing Gear Fails

British Airways Dramatically Crash Lands In South Africa After Landing Gear Fails

A jet flying under British Airways colours has dramatically crash landed in South Africa after part of its landing gear reportedly broke off. One passenger reported seeing sparks flying as the left wing of the Boeing 737 ‘scraped across the runway’ as it came into land at OR Tambo International Airport in Johannesburg earlier today. […]

FlyDubai Arrives In Asmara International Airport

FlyDubai Arrives In Asmara International Airport

Flydubai’s inaugural flight landed yesterday in the capital city of Eritrea, Asmara. As it landed at Asmara International Airport, senior Eritrean officials including Tesfaslassie Berhane, Minister of Transportation and Communication, Askalu Menkorios, Minister of Tourism and Paulos Kahsai, Director General Civil Aviation Authority welcomed the flydubai delegation led by Sudhir Sreedharan, Senior Vice President, Commercial […]

Fatima Beyina-Moussa, CEO Of Equatorial Congo Airlines And President of African Airlines Association Is Coming To The End Of Her Term In Office

Fatima Beyina-Moussa, CEO Of Equatorial Congo Airlines And President of African Airlines Association Is Coming To The End Of Her Term In Office

Fatima Beyina-Moussa, CEO of ECAir, Equatorial Congo Airlines, the national airline of the Republic of the Congo, and president of AFRAA, the African Airlines Association, since November 2014 is coming to the end of her term in office. Two weeks before AFRAA’s 47th general assembly, which will be held November 8-10th at the sports complex […]

Nigeria’s Port Harcourt Airport Voted The ‘Worst In the World’

Nigeria’s Port Harcourt Airport Voted The ‘Worst In the World’

Port Harcourt International Airport was yesterday ranked the worst airport in Africa and one of the worst in the world by SleepingInAirports.net, a website that reviews the best and worst airports in the world. Every year, SleepingInAirports.net conducts a survey by asking travellers to rate their airport experiences based on the services and facilities available […]

Ghana Resolves Dispute With Nigeria Over Unpaid Gas Bill

Ghana Resolves Dispute With Nigeria Over Unpaid Gas Bill

The Ghanaian Government said it would pay a Nigerian gas consortium 170 million dollars it owed by February, apparently resolving a dispute that led the consortium to threaten to cut supply. Ghana’s state power generating company, the Volta River Authority, will settle the debt to Nigeria’s N-Gas in three tranches starting in November, said Kweku […]

South African Budget Targets at Risk as Downgrade Threat Looms

South African Budget Targets at Risk as Downgrade Threat Looms

South African Finance Minister Nhlanhla Nene may be forced to abandon his budget-deficit targets as economic risks mount, straining the nation’s credit rating as it hovers above junk. With the economy close to recession, Nene, 56, is set to downgrade growth and tax revenue forecasts when he presents his mid-term budget on Wednesday. The target […]

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