Business

Emirates airline announced that it will suspend flights to Nigeria from the start of September as Nigeria has been unable to repatriate its money from Nigeria. The problem arose because Nigeria restricted access to foreign currency, Reuters news agency reports. In a statement, Emirates said it made considerable efforts to …

Authorities in UK launched a scheme to cut taxes on hundreds of products from some of the world’s poorest countries to try to boost trade links, the BBC reported. The preferential terms, which come into effect early next year, will affect products ranging from food to textiles. Under the Developing …

The Central African Republic government is launching its cryptocurrency hub it named Sango, nearly three months after adopting Bitcoin as one of its official currencies. President Faustin Archange Touadéra launched the hub on Sunday in a live announcement on social networks. The name “Sango” is in one of the country’s …

The second phase of the regional electricity market will be launched by the end of 2023, Professor Honoré Bogler, Chairman of the ECOWAS Regional Electricity Regulatory Authority (ERERA) said. He made this statement during a capacity workshop to strengthen the communicators of the regulatory bodies of the member countries of …

US billionaire Elon Musk and two of his companies, Tesla and Space X, are facing a $258 billion lawsuit after an investor complained in court about an alleged scam he allegedly suffered. In the lawsuit filed in lower Manhattan federal court on Thursday, June 16, plaintiff Keith Johnson accuses car …

Egypt, Israel and the European Union on Wednesday signed a natural gas deal in Cairo as Europe scrambles to cobble together an energy strategy to replace the Russian supplies it has relied on for decades, media reported. “This will contribute to our energy security. And we are building infrastructure fit …

Irish airline Ryanair says it is standing by its decision to make South Africans travelling to the UK take a test in the Afrikaans language. It defended its position saying airlines operating to the UK “face fines of £2,000 [$2,500] per passenger for anyone who travel illegally” in to the …

The National Bank of Ethiopia (NBE) issued a statement on Monday warning against cryptocurrency trading in the country. The NBE said digital currencies like crypto-currencies and bitcoins haven’t been recognized by the NBE as a transactional and payment method, state affiliated Fana Broadcasting Corporate (FBC) reported. “Ethiopia’s national currency is …

At least 3,000 travelers to South Africa have been left stranded after airline Comair abruptly suspended all flights with immediate effect. The airline announced the suspension on Tuesday evening, citing financial issues, the BBC reported. Angry customers say Comair offered specials and accepted bookings just hours before announcing the suspension. …

US authorities have issued a notice, warning US companies and individuals to do business with Sudanese state-owned and military-controlled companies. According to the State Department, there was a reputational risk of doing business with these companies amid a deterioration in the human rights situation in Sudan. It said while some …