Category: African Business
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Police find the bodies of 4 men, including a policeman, shot to death near resort outside Cancun
Police on Mexico’s Caribbean coast said Friday they have found the bodies of four men, including a policeman, shot to death near a resort just south of Cancun. The victims all had apparently been shot in the head and were found dumped near the highway leading out of Cancun. A former Cancun police officer was…
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Biggest Losers of the Day:
Crypto:Bitcoin: -15.91%ETH: -23.16%SOL: -21.22%BNB: -19.51%LINK: -27.87% Memecoins:BILLY: -45.59%MUMU: -43.83%MANEKI: -40.96%POPCAT: -40.19% Stocks:INTC: -26.97%TEAM: -17.76%SNBR: -17.39% Global Markets:Nikkei 225: -12.40%KOSPI: 8.77%Taiwan Stock Exchange: -8.35%FTSE 250: -4.14% BREAKING: Major trading platforms are reportedly experiencing outages. • Fidelity• E-Trade• Vanguard• TD Ameritrade• Charles Schwab
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Tanzania unveils over 6,000 job vacancies
The Tanzanian government has announced 6,257 job vacancies in the public sector, which could spark significant interest among job seekers and recent graduates. Key positions include procurement officers, drivers, accountants, community development officers, and more, spanning various fields. Applicants must submit applications by August 16 with thorough documentation, including educational and professional certificates. While many…
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Countries in the Middle East and Africa are withdrawing their gold reserves from the US – Houston Post
▪️ Growing concerns about the stability of the American economy are prompting governments in Africa and the Middle East to withdraw their gold reserves from the United States. The traditional status of the United States as a safe haven for finance is rapidly collapsing , statesthe American Houston Post ▪️ Among the countries that have…
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Ethiopia amasses over $27 billion following macroeconomic reform implementation
The money has been raised through debt relief, international aid, and partnerships, state media reported, citing Finance State Minister Eyob Tekalign. The comprehensive policy aims to foster sustainable growth and inclusive benefits for citizens. With ongoing reforms across agriculture, mining, and tourism, the country has not only alleviated its debt burden from 30% to 17%…
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Cameroon state oil firm says staff linked to Glencore bribes will face UK court
The head of Cameroon’s National Hydrocarbons Corporation (SNH) has said some managers and employees will appear before a UK court over suspected involvement in bribery offences linked to Swiss commodity trader Glencore (GLEN.L). Adolphe Moudiki, SNH’s administrator and director general, had previously denied staff involvement but late on Friday issued a statement saying some employees…
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Rwanda shuts 4,000 churches in safety crackdown
More than 4,000 churches have been closed down over the last month in Rwanda for failing to comply with health and safety regulations, including not being properly soundproofed. It has affected mostly small Pentecostal churches and a few mosques – some of them operating out of caves or on the banks of rivers. “This is…
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Nigerians continue marches against cost of living crisis
Protesters clashed with residents in Lagos on Friday during a demonstration against the country’s worst cost-of-living crisis in a generation. Carrying placards, bells and Nigeria’s green-and-white flag, the protesters were met with a heavy security presence on the streets of Lagos. The protests were mainly over food shortages and accusations of misgovernment and corruption in…
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A railway line from the port of Dar es Salaam and Morogoro to the capital of the Tanzania has been put into operation
In Tanzania, on August 1, a 541-kilometer railway line from the port of Dar es Salaam and Morogoro to the capital of the country, Dodoma, was put into operation. The cost of the project was $3.1 billion. The construction was carried out by the Turkish company Yapi Merkezi. The new railway connects Tanzania with countries…
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