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Top five business risks for West Africa

Top five business risks for West Africa

As Nigeria exits the recession of 2017, investor sentiment across West Africa is likely to experience uplift in 2018. Still, political uncertainty ahead of Nigeria’s 2019 presidential elections and on-going security concerns are among the key risks for businesses operating in the region, says specialist global risk consultancy Control Risks (www.ControlRisks.com) in their annual political […]

Nigerian High Court Grants Aiteo’s Benedict Peters Global Judgment in Rem – Declares Earnings as Legitimate

Nigerian High Court Grants Aiteo’s Benedict Peters Global Judgment in Rem – Declares Earnings as Legitimate

The High Court sitting in the Federal Capital Territory, Nigeria has declared that earnings and assets accruing to Oil magnate and Aiteo Energy (www.AiteoGroup.com) boss, Benedict Peters were acquired legally through legitimate sources. This follows a similar ruling squashing multiple money laundering charges and bribery of election officials indictment against Mr. Peters. Justice Valentine Ashi […]

President Morgan Tsvangirai’s Statement to the Press About the Zimbabawe Situation

President Morgan Tsvangirai’s Statement to the Press About the Zimbabawe Situation

Today, I convened a meeting of the party’s Standing Committee in Harare to deliberate on the current situation in the country. Our country has been undergoing an extremely difficult period since the disputed and illegitimate election of 2013. Unemployment, poverty, corruption and cash shortages have become commonplace. At the centre of this crisis, is a […]

Deposed Vice president Emmerson Mnangagwa back in Zimbabwe, Grace Mugabe has fled to Namibia and Robert Mugabe is detained by military in Zimbabwe

Deposed Vice president Emmerson Mnangagwa back in Zimbabwe, Grace Mugabe has fled to Namibia and Robert Mugabe is detained by military in Zimbabwe

Zimbabwe’s dictator Robert Mugabe has been detained by the military in a ‘bloodless correction’ of power amid claims his wife has fled to Namibia. Mugabe’s decades-long grip on power appeared to be over this morning after military vehicles blocked roads outside the parliament in Harare and senior soldiers delivered a late-night television address to the […]

Vice President Emmerson Mnangagwa fired from Zanu-PF

Vice President Emmerson Mnangagwa fired from Zanu-PF

Under-siege Vice President Emmerson Mnangagwa has been FIRED from Zanu PF, and will likely be expelled from government as the heat wave ravaging ZANU-PF reaches a crescendo! Official Govt statement and position has been released by Info Minister SK Moyo. “President Mugabe has exercised his powers to relieve VP Mnangagwa as VP of Zimbabwe with […]

Nigeria, Economic Community of West African States, Major World Economies Adopt Abuja Statement

Nigeria, Economic Community of West African States, Major World Economies Adopt Abuja Statement

Nigeria, the Economic Community of West African States (ECOWAS), World Trade Organisation (WTO), Friends of Investment Facilitation for Development (FIFD) and participants at the High Level Policy and Private Sector Trade and Investment Facilitation Partnership Forum today adopted a declaration titled “The Abuja Statement” at the close of the two-day event, which saw the participation […]

Hon. Joshua N. Osih: Biya Should Step Down Immediately

Hon. Joshua N. Osih: Biya Should Step Down Immediately

The Social Democratic Front (SDF) for the Republic of Cameroon strongly condemns curfews, restrictions on movement of the population and all forms of violence perpetrated by the Government in the South-West and North-West regions of the country. Cameroon is now at a crossroads. President Biya’s inadequate response to the Anglophone crisis has only aggravated the […]

Africa’s largest economy, adopts 3 word addresses

Africa’s largest economy, adopts 3 word addresses

Nigeria’s postal service, NIPOST, has just announced its adoption of the innovative global addressing system what3words (www.what3words.com). Nigeria is the seventh country to adopt what3words, and the third in Africa. The system is already being used for mail deliveries in Mongolia, Sint Maarten, Côte d’Ivoire, Djibouti, Tonga and Solomon Islands. Nigeria is Africa’s largest economy […]

Somali Traders Turn to Ethiopian Currency

Somali Traders Turn to Ethiopian Currency

Traders and consumers in Galmudug have introduced transaction using the Ethiopian Birr. Residents of Dhusamareb confirmed to Radio Dalsan that following the flooding of fake Somali Shillin in the market traders have opted to instead use the Ethiopian currency. Most of the areas where the Birr is used as the mode of exchange are under […]

Sudan Reacts to U.S. Sanctions Decision

Sudan Reacts to U.S. Sanctions Decision

Sudan’s President Omar al-Bashir is freezing all negotiations with the United States following President Donald Trump’s postponing of a final decision on whether to permanently lift economic sanctions against Sudan for another three months, state media reported. “President of the republic Omar al-Bashir issued a presidential decree ordering the suspension of the committee that was […]

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