Business
Chinese oil firm to decide about drilling for oil in Uganda by mid-2019
March 3, 2019
Chinese oil firm to decide about drilling for oil in Uganda by mid-2019
NAIROBI, Kenya–– China National Offshore Oil Corporation (CNOOC) announced that it will reach a Final Investment Decision (FID) in Uganda’s…
U.S. dollar falls amid rising sterling
February 19, 2019
U.S. dollar falls amid rising sterling
NEW YORK––On Monday, the U.S. dollar fell sharply due to what analysts say is as a result investors’ growing optimism…
Amazon invests $ 700-million in electric truck startup
February 19, 2019
Amazon invests $ 700-million in electric truck startup
SAN FRANCISCO–––The global online retail giant Amazon is investing a 700-million-U.S.-dollar into an electric truck startup Rivian Automotive, according Rivian…
Southern African bloc including Namibia want ban on ivory sale lifted
February 12, 2019
Southern African bloc including Namibia want ban on ivory sale lifted
LONDON – The southern African country of Namibia has joined South Africa, Zimbabwe and Botswana in calling for the removal…
‘More than 20’ trapped in SA mine
February 7, 2019
‘More than 20’ trapped in SA mine
News Desk- Eyewitnesses say at least 22 people are said to be trapped underground at a rural coal mine in…
Blackstone Is Pulling Back from Africa
February 7, 2019
Blackstone Is Pulling Back from Africa
LAGOS––The world’s largest alternative-investment management firm Blackstone Group LP is selling its Africa subsidiary Black Rhino Group back to management,…
The Latest from The World Economic Forum
January 22, 2019
The Latest from The World Economic Forum
DAVOS, Switzerland (AP) — The Latest on the World Economic Forum in Davos, Switzerland (all times local): A top financial…
New online clothing company scheduled to launch in 2019
January 14, 2019
New online clothing company scheduled to launch in 2019
New York – A new unique clothing company is scheduled to launch in 2019. Sarima, Inc., an online clothing store inspired…
Kenyan interbank rate hits 8-year low: Central Bank of Kenya
January 14, 2019
Kenyan interbank rate hits 8-year low: Central Bank of Kenya
NAIROBI ––Financial news from Nairobi this week revealed that the rate at which banks in Kenya borrow money from each…
World Bank president Kim to join U.S. private equity fund as a partner, vice chairman
January 11, 2019
World Bank president Kim to join U.S. private equity fund as a partner, vice chairman
WASHINGTON — Jim Yong Kim, the outgoing president of the World Bank, said on this week that he would join…