Business

African economists push for industrialization

Increasing inequality and youth unemployment on the continent require policies to diversify investment sectors. And fears of seeing the situation worsen are growing, especially with the lack of proper policies to counter the challenges facing African governments. Eggoh Jude, an associate professor at the University of Angers France says:“Today it is up to our states […]

Read More

MTN in Another Financial Suit Worth $4.2billion

Few months after Nigerian Communications Commission (NCC) slammed a N1.04 trillion fine on Mobile Telecommunications Company of Nigeria (MTN) for failing to deactivate some 5.1 million subscribers, the firm has landed into yet another $4.2 billion trouble over its licence bid in Iran. This time a telecommunications firm, Turkcell, had sued the company over a […]

Read More

Sierra Leone to sell 709-carat diamond in New York auction

Sierra Leone said on Tuesday it plans to auction off a massive 709-carat diamond at a December sale in New York, aiming to make a clean break with the “blood diamonds” of its past. The stone, which was unearthed in March, is the largest discovered in Sierra Leone in almost a half-century and is between […]

Read More

Gabon unveils $ 300 million port harbour

Gabon on Saturday officially inaugurated a new port harbour. The project is part of a plan to modernize the existing Port of Owendo located near the capital Libreville. It took 18 months to complete at an estimated cost of $ 300 million. The port was constructed in partnership with Olam group from Singapore and will […]

Read More