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 …
Read More »UN envoy to assess impact of sanctions on Zimbabwe
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 …
Read More »Moderna plans to build Covid vaccine company in Africa
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 …
Read More »Tech: Google announces $1bn investment in Africa
The internet giant Google has announced an investment of $1bn in Africa over five years to help boost the continent’s digital transformation. It marks the biggest investment by the US tech company in Africa and the countries to benefit include Ghana, Kenya, Nigeria and South Africa. One of the plans …
Read More »Yoweri Museveni invites businessmen to invest in Uganda
Participating to The Dubai Expo, the Ugandan president Yoweri Museveni rallied investors from the United Arab Emirates (UAE), to take advantage of the resources and market the county’s beauty and potential in a bid to invite investors into the country. The Dubai Expo is a globally recognised trade event and …
Read More »Mozambique: police seize $ 16,000, all counterfeit bills
Mozambican police seized about $ 16,000 in counterfeit banknotes which investigators say were fabricated by a regional union specializing in printing counterfeit currency. Police said they had arrested two Angolans, and arrest warrants for other suspects would be issued. “Mozambican, Angolan and South African nationals were suspected to be part …
Read More »Mozambique: banking services restored in the north
The banking services which had been discontinued due to insecurity in the region and a lack of electricity supply, have been restored in the northern Mozambican town of Mueda in the restive Cabo Delgado province. Local media say civil servants living in the area used to travel to Montepuez, 220km …
Read More »Thailand to start collecting tax from foreign tech firms
Thailand on Wednesday will start collecting value added tax (VAT) from foreign technology companies and expects to raise at least 5 billion baht ($154.70 million) in additional revenue each year, a senior official said. Foreign platforms providing electronic services in Thailand will have to register for VAT payments, senior finance …
Read More »South African Airlines to restart operations next month
South African Airlines has announced that it will resume operations next month after battling losses for months amid the coronavirus pandemic. The airline reduced its workforce from 4,700 to around 1,000 employees, essentially becoming a smaller airline. The reduction was achieved through voluntary severance packages and retrenchments. Flights will now …
Read More »Zanzibar : authorities announce building of a skyscraper for $1.3bn
Authorities in Zanzibar have announced their plan to build sub-Saharan Africa’s tallest skyscraper that will cost $1.3bn. The 70-storey Zanzibar Domino Commercial Tower will exceed the semi-autonomous archipelago’s annual budget by more than 60%, AFP news agency reports. It will involve a man-made island with a marina for yachts and …
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