Business

The US billionaire and Amazon founder, Jeff Bezos, has pledged $ 2 billion through his Bezos Earth Fund, for land restoration in Africa. The US billionaire had previously indicated he would make investments worth $ 1 billion during an event with Prince Charles on Monday. “We must conserve what we …

Algeria has stopped gas exports through a pipeline that crosses neighbouring Morocco because of a dispute between the two countries, the presidency has said. “Due to Morocco’s hostile acts towards Algeria undermining national, unity the president has ordered the oil company Sonatrach to cut off trade relations with the Moroccan …

Mark Zuckerberg, boss of Facebook on Thursday announced the parent company’s name is being changed to “Meta” to represent a future beyond just its troubled social network. Facebook, Instagram and WhatsApp will keep their names under the rebranding. “We’ve learned a lot from struggling with social issues and living under …

Authorities in Sudan have announced that the Khartoum International Airport will reopen on Wednesday to all inbound and outbound flights. The head of civil aviation authority, Gen Ibrahim Adlan, told news agencies that the airport will resume operations starting Wednesday 4pm local time (1400 GMT). Read also: Anglican world leader …

The German firm, BioNTech, has signed deals with Rwanda and Senegal to build Africa’s first vaccine manufacturing facility based on mRNA technology. BioNTech, which with Pfizer created one of the world’s most widely used Covid-19 vaccines, says the plant will have an initial capacity to produce 50 million doses annually. …

The World Bank has warned that the rapid rise in energy prices seen in Europe and parts of Asia won’t ease until the second half of next year, and it will have a knock-on effect on Africa, the BBC reports. It says the global economy is struggling to satisfy a …

Former US president, Donald Trump, on Wednesday announced the launch of his own social network, “Truth Social”, after being banned in January from Twitter, Facebook and YouTube. The former president wants to “resist the tyranny of the giants of technology”, who “used their unilateral power to silence dissenting voices in …

Libyan oil minister Mohamed Aoun sacked Mustafa Sanallah, chairman of the national oil company NOC, and appointed a new acting director. The board of directors of the company will meet to elect a new chairman, a decree from the ministry said. Recall that in September, Mr Aoun had suspended Mr …

UN Special Rapporteur Alena Douhan has arrived in Zimbabwe to assess the impact of sanctions imposed on the country by the US and European Union. The sanctions were imposed in 2002 when Robert Mugabe was president. They target companies and specific individuals both within the Zimbabwean government and those associated …

The biotechnology company, Moderna, says it is intending to build a factory in Africa to produce mRNA vaccines, including its Covid- 19 jabs. Moderna said it aims to produce up to half a billion doses per year at the new facility which could also include bottling and packaging capacities. Read …