Category: INTERNATIONAL
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Mugabe to be buried coming Sunday, September 15
Zimbabwe’s former president Robert Mugabe who died Friday in Singapore at the age of 95, is scheduled to be buried on Sunday, September 15, in a location yet to be determined, the presidency announced Sunday. “His remains are expected on Wednesday afternoon (in Zimbabwe). The official funeral is scheduled for Saturday, his funeral will take…
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Zimbabwe’s ex-president Robert Mugabe dies in Singapore — President
Zimbabwe’s former president Robert Mugabe has died aged 95, the country’s President Emmerson Mnangagwa said on his official Twitter account. Mugabe died in Singapore, where he has often received medical treatment in recent years, a source with direct knowledge of the matter told Reuters. “It is with the utmost sadness that I announce the passing…
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AfDB appoints Mrs. Chinelo Anohu to head Africa Investment Forum
Dr. Akinwumi Adesina, President of the African Development Bank (AfDB) Group, has announced the appointment of Mrs. Chinelo Anohu, a highly accomplished international corporate lawyer, as head and senior director of the Africa Investment Forum (AIF). The appointment of Mrs. Anohu, a member of the London Stock Exchange Africa Advisory Board, took effect from September…
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Uganda Airlines kick starts relaunch operations with Kenya trip
Uganda’s national airline has launched commercial operations with a flight to the Kenyan capital. Uganda Airlines’ inaugural flight to Nairobi on Tuesday carried mostly government and airline officials following a ceremony to re-launch the carrier that collapsed in 2001. Uganda Airlines owns two planes. Four more have been ordered, including two Airbus jets. The carrier…
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Africa CEO Forum to be held on March 9-10, 2020
The Africa CEO Forum, the largest annual gathering for the African private sector will next come off March March 9–10, 2020 in Abidjan, Cote d’Ivoire. The event will give business leaders a voice in the major debates around the transformation of African economies, particularly in the fields of regional integration, infrastructure development and the impact…
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MTN Nigeria is about to become a bank
The fledgling mobile money market in Nigeria is about to get a major shake-up. MTN Nigeria, the country’s largest telecoms operator, has been granted a “super-agent” license which allows it to set up an agent network through which it can provide financial services. It’s the first step in MTN’s plans to finally roll out mobile money…
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Benin modernizing its port to overtake Ghana, Togo and Cote d’Ivoire
Benin is making efforts in re-investing in its major port in its capital Cotonou. The change had been slow but consistent over the past several years aimed at making the harbour competitive. The 300-hectare transit port is in a highly competitive sector and region, especially with the overall growth of trade in West Africa. Port…
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Chinese billionaire ‘evaded $1.8bn in US tariffs’
Chinese billionaire Liu Zhongtian has been indicted in the US over allegations he evaded $1.8bn (£1.5bn) in tariffs on aluminium imports. Prosecutors accuse Mr Liu of using the aluminium company he founded to smuggle huge amounts of the metal into the US. The firm, China Zhongwang Holdings, did not immediately respond to a BBC request…
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Bank of England cuts UK growth forecast
The Bank of England has cut its forecasts for UK growth over the next two years. It also warned that a no-deal Brexit would hit the economy and trigger a further drop in the value of the pound. The Bank left interest rates unchanged at 0.75% against a backdrop of weaker global growth and ongoing…
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Africa’s leaders, business champions in Abuja to chart a new course for the continent’s youth
Some of Africa’s most prominent leaders in business, politics and development are gathering this weekend to chart a course for the continent’s youth. The Tony Elumelu Foundation Entrepreneurship Forum is a global flagship event that has attracted world business leaders and renowned entrepreneurs to the Nigerian political capital, Abuja. This is the fifth edition. African…