AFRICA AND LATIN AMERICA GETS $US805M FACILITY SUPPORT FROM IsDB

AFRICA AND LATIN AMERICA GETS $US805M FACILITY SUPPORT FROM IsDB

 Six Africa countries and a Latin america country signed an agreement with the IsDB to support their facility with  a total of US $805 million. Seven countries in Africa and Latin America got US $805 million after The Islamic Development Bank (IsDB) has signed an agreement with them. The US $805 million was for several infrastructural projects in energy, housing, agriculture and water supply to help boost these countries economy. The countries that benefited from the money are…

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KENYAN POLICE ACCUSED OF KILLING PROTESTERS

KENYAN POLICE ACCUSED OF KILLING PROTESTERS

Kenya Police Killed over 30 protesters says Human Right Organization. Kenyan police have been accused by two(2) human rights organization of killing over 30 protesters during a protest called by the opposition of the of August 8 General Election. The two rights watchdogs accused police of using excessive force on pro-opposition demonstrators. Although Kenya’s constitution allows for non-violent protests, Government have banned all form of protests in three (3) cities; Nairobi, Mombasa and Kisumu because…

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ANGOLA PLANE CRASH- SEVEN PEOPLE DEAD

ANGOLA PLANE CRASH- SEVEN PEOPLE DEAD

Due to bad weather, 7 people are dead in a plane crash in Angola.  According to authorities on Monday, the plane that crashed in the romote corner of Angola that had seven people on-board was downed because of bad weather. The Angola’s fire service said the Brazilian-built Embraer aircraft that is operated by Air Guicango and was heading for Luanda crashed on Thursday after taking off from Dundo near the congolese border. The rescue chief…

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WOMEN NOT SAFE IN CAIRO BUT SAFEST IN LONDON

WOMEN NOT SAFE IN CAIRO BUT SAFEST IN LONDON

Cairo rated the world unsafest place for women while London the safest according to polls rating. According to Thomson Reuters Foundation, sexual violence and harmful cultural practices is a major challenge affecting women. In a survey conducted in 19 mega cities housing over 10 million people, several experts on women’s issues were asked if they have good access to healthcare, finance and education. According to their survey, London is the safest while Tokyo and Paris comes in second…

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Gabon commissions new port

Gabon commissions new port

Gabon commissions new port to accommodate more vessels. In a bid to revamp its ports, Gabon have commissioned a new port harbor which is estimated to have cost US$ 300 million. The port which took about 18 months to complete and was constructed in partnership with a Singapore company Olam Group and to be partly managed by Bolloré, a french logistics company, is part of a project aimed at modernizing the country’s existing Owendo port…

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MASSIVE BOMBING IN SOMALIA CAPITAL

MASSIVE BOMBING IN SOMALIA CAPITAL

Terrorist Attack in Somalia  capital, over 300 people are dead and many severely injured According to an official on Monday, over 300 people died after the truck  bomb blast in Mogadishu and hundred’s more are seriously injured. The number of dead people has steadily risen since saturday, and no organisation has claimed responsibility for the blast. But  the Islamic extremist group al-Shabab have a similar attacks. The group, which is linked to al-Qaida, is trying to…

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Safest Bank in Kenya – Stanbic Bank

Safest Bank in Kenya – Stanbic Bank

Stanbic Bank have outshined its competitors as it was recently announced as the safest bank in Kenya. Global Finance, an International Financial Publication have ranked Stanbic bank as the safest bank in Kenya. Every year, Global Finance uses  ratings from global ratings agencies like Moody’s, Standard & Poor’s and Fitch to rank the world’s safest banks. These global ratings agencies on the other hand, usually rate the banks based on evaluations of long-term foreign-currency. The…

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ALIKO DANGOTE CRITICIZES PRESIDENT OF TANZANIA OVER POLICIES

ALIKO DANGOTE CRITICIZES PRESIDENT OF TANZANIA OVER POLICIES

Foreign Investors stress worry over the recently signed government policy requesting a free 16% ownership in all foreign owned businesses President of Dangote Industries, Mr. Aliko Dangote expressed his frustration over the enacted law, stressing that Mr. John Magufuli (President of Tanzania) is “coming through the back door to seize assets”. He made this statement while attending a summit organised by the Financial Times, in London this week. The State Stake Law, makes it mandatory…

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SA OR NIGERIA TO BECOME TRUECALLER’S AFRICA HEADQUARTER’S

SA OR NIGERIA TO BECOME TRUECALLER’S AFRICA HEADQUARTER’S

 Truecaller executives to visit SA and Nigeria in search for their Africa headquarter following the tremendous growth they had across Africa. On Wednesday Truecaller announced that they’re on a move to increase its presence on the continent making Africa a key priority region. Truecaller is also shopping for a great city to build its Africa headquaters. In Africa, Truecaller tends to be one of the fastest growing consumer apps and for the past two years…

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ALLIANZ INSURANCE COMPANY IN AFRICAN

ALLIANZ INSURANCE COMPANY IN AFRICAN

The world’s largest insurance company, Germany-based Allianz, is in the midst of a major overhaul of its African operations. Earlier this year the company launched its new hubs in African at Morocco and Casablanca for more operations, the establishment of this offices across the continent has shown its interest in expanding its operation in African .Traoré Maïdou, who was appointed chief operating officer for the group’s African business on 1 February stated that they still do…

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LIBERIA 2017 ELECTIONS RESULT DELAYED

LIBERIA 2017 ELECTIONS RESULT DELAYED

The National Elections Commission (NEC) is expected to announce the first official results from the presidential and legislative elections on Thursday. Liberia 2017 election is an election that has got the world talking about because the country has gone through so many challenges like the civil war in 1943, Ebola epidemic in 2014-15 which has made many countries and people feeling that this election is an important step toward achieving Liberia’s first peaceful transfer of power from one…

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MT KILIMANJARO WINS AFRICA TOP TOURISM AWARD

MT KILIMANJARO WINS AFRICA TOP TOURISM AWARD

The director General of Tanzania National Parks (TANAPA), Allan Kijazi received the  ‘Africa’s Leading Tourist Attraction’ title in the recent World Travel Awards (WTAs). Kilimanjaro is one of the 16’s parks under TANAPA. At the 24th instalment of the prestigious WTA whose gala was held at the Kigali convention centre in Rwanda on Tuesday, Kilimanjaro  tends  to be one of Tanzania’s three resorts that won in the African category. Kilimanjaro Mountain has won the title…

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ZAMBIA PUBLIC DEBT RISES SAY INTERNATIONAL MONETARY FUND (IMF)

ZAMBIA PUBLIC DEBT RISES SAY INTERNATIONAL MONETARY FUND (IMF)

Zambia at high risk of debt distress. Public debt in Zambia increased from 36% gross domestic product at the end of 2014 to 60% at the end of 2016. public debt has being rising at an unsustainable pace and has crowded out lending to private sector and increased the vulnerability of the country according to IMF. It included that the increase of foreign investors in the government market has brought financial constraint which makes the…

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SUB-SAHARAN HAS A SLOWER ECONOMIC RATE SAYS WORLD’S BANK

SUB-SAHARAN HAS A SLOWER ECONOMIC RATE SAYS WORLD’S BANK

The World Bank said on Wednesday, down from the 2.6 percent projected in April.sub-Saharan Africa is expected to be 2.4 percent in 2017 The slow rate in the economy of the Sub-Sahara is influence by the fall in the economy of two countries in the region which includes the fall in and South-Africa and Nigeria which needs political reformation caused by the political worries and it’s uncertainty need to be reined. The slow growth of…

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FUEL SHORTAGE CRISIS IN SOUTH SUDAN

FUEL SHORTAGE CRISIS IN SOUTH SUDAN

Oil rich country on daily fuel crisis An international and power conference will be holding in South Sudan to deal with the country’s fuel crisis. Although the country has billions of barrels of oil reserves, petrol stations still run’s dry on daily basis. South Sudan the third largest oil reserves in Africa does not have a functioning refinery. Fuel from the black market is the only option in the country and many in the country…

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Equitorial Guinea, 49yrs after Independence

Equitorial Guinea, 49yrs after Independence

Africa’s top investment destination, celebrates its independence, amidst economic and corruption challenges. A small country in Western Africa, with a population of approximately 779,000 people. Equitorial Guinea gained independence from Spain on October 12, 1968. Like most African countries, the nation experienced political challenges resulting in a third of the population fleeing the region. However, in 1979, a military coup brought relative calm with Mr. Teodoro Obiang Nguema becoming president. Since assuming office, Mr Obiang…

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VAMPIRISM IN MALAWI

VAMPIRISM IN MALAWI

Villagers have set up road blocks as they try to hunt the “vampires” down.  Mobs searching for vampires have been mounting road blocks in the district, raising security concerns over five people been killed in the area since mid September and accusing them of drinking blood as part of magic rituals. According to the UN, it has pulled staff out of two districts due to the vampire scare across the southern part  of Malawi. The…

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Dubai’s autonomous flying taxi

Dubai’s autonomous flying taxi

Dubai’s autonomous flying taxi will make transportation easier and cheaper. Dubai being in the front pack of embracing  new technology has invented an autonomous flying taxi after having insight from the German made electric volocopter, this autonomous flying taxi is being designed for their use presently. The prototype of the volocopter has a maximum flying time of 30 minutes at 50 kph (31 mph), with a maximum airspeed of 100 kph (62 mph). “It’s public…

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