Africa Business Forum in Addis Ababa on the 1st of March 2017:10 million views join Africa’s largest network of CEO’s
A global community of 10,000 professionals, 20,000 registered international companies, 60,000 social media followers. 10 million views join Africa’s largest network of CEO’s The panel topics at the 5th Africa Business Forum represent the areas of Finance & Capital Investment, ICT, Agriculture & Mining, Power & Energy, Consumer Goods & General Trade, Logistics & Aviation, […]
East Africa’s Islamic Economy Summit – Nairobi 2017
The Islamic Economy has seen tremendous increase in recent years transcending its traditional geographic boundaries, its entrance into East Africa could revolutionize the region’s finance & banking sector, Tourism, and Hotel sector and Fast moving consumer goods. To explore how East Africa can tap into the Islamic Economy, with an estimated global value of $2.3 […]
French police raid Google’s Paris headquarters as part of €1.6 billion tax fraud investigation
French police searched the Paris offices of U.S. internet giant Google today as part of a tax evasion and money laundering investigation, it has emerged. Authorities believe Google owes 1.6 billion euros (£1.2billion) in back taxes in France, a source close to the matter said in February. The investigation, which started in June last year, […]
Greece To Receive 86 Billion Euros Bailout Package
Finance ministers of the 19-nation euro single currency group on Friday approved the first 26 billion euros ($29 billion) of a vast new bailout package to help rebuild Greece’s shattered economy. The approval came after Greece’s parliament passed a slew of painful reforms and spending cuts after a marathon overnight session that divided the governing […]
Puerto Rico officially in default; bail-out unlikely, no option for bankruptcy
Debt-ravaged Puerto Rico is in default after forking over only a fraction due in a bond payment, raising the prospect of further pain for the recession-plagued commonwealth and potential impacts on U.S. investors. Puerto Rico’s Government Development Bank paid only $628,000 of the $58 million due creditors, the agency said. It said the decision “reflects […]
Why is only a particular group of people allowed to run the World Bank?
Does a shadowy group of obscenely wealthy elitists control the world? Do men and women with enormous amounts of money really run the world from behind the scenes? The answer might surprise you. Most of us tend to think of money as a convenient way to conduct transactions, but the truth is that it also […]
China says Greece will thrive if managed by us
Five years ago, state-owned container giant Cosco, the no.1 liner carrier in China, paid €3.3 billion into the coffers of Greece’s cash-starved government, buying out half the lease for the port of Piraeus, giving the Chinese a 35-year control of Greece’s biggest port. Today, while Greece sinks further with unemployment rate hitting 26 percent, Cosco […]
One of the world’s biggest banks just admitted bitcoin could destroy existing finance firms
French bank BNP Paribas says the technology underpinning bitcoin has the potential to make existing companies “redundant,” a huge admission from one of the world’s biggest banks. Analyst Johann Palychata writes in the company’s magazine Quintessence that bitcoin’s blockchain, the software that allows the digital currency to function, “should be considered as an invention like […]
Africa Discovers Financial Muscle of The Crowd
Budding South African film producer Meg Rickards was struggling to raise the money for her new feature film, Whiplash, when she came across the idea of crowdfunding. “We had about 70% of the budget and were battling to raise the rest,” she remembers. Meg decided to try local South African crowdfunding site Thundafund, and launched […]
Chinese Billionaire Takes Dozens of Ethiopians On Luxurious Vacation to France
Tiens Global, the Chinese supplementary foods manufacturer and distributor has made headlines last week for taking some 6,400 agents worldwide on what turned out to be the luxurious vacation in France.The Reporter has learnt that some 17 individuals from the Tiens local network of sales agents (preferred to be called “registered customers”) have attended a […]
