Category: International Business & Finance
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Zimbabwe’s infrastructure investments save Southern African Development Community millions
Zimbabwe’s infrastructure investments save Southern African Development Community millions, media report Despite facing sanctions, Zimbabwe’s investment in infrastructure, including roads, housing, dams, and power plants, has yielded significant benefits for the region. The modernized Beitbridge Border Post, a key access point on the North-South Corridor connecting Durban to Zambia, DR Congo, and Malawi, has saved…
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Nigerian Fidelity bank hit with record fine by NDPC for data privacy violations
The Nigeria Data Protection Commission (NDPC) has fined Fidelity Bank 0.1% of its 2023 revenue, amounting to $358,580, for violating data laws during the account opening process, according to the agency’s report. This is the largest fine NDPC has imposed for data breaches, though Fidelity Bank is contesting the decision. The NDPC instructed Fidelity Bank…
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Ndlozi captured laughing next to Malema following calls for him to leave the ‘cult’ of EFF
Economic Freedom Fighter (EFF) member, Dr Mbuyiseni Ndlozi who has been called to leave the ‘cult’ party, was captured sharing a moment of laugher with party leader Julius Malema on Wednesday. Their mirth moment was captured when the duo went to visit Gauteng MEC for Finance, Lebogang Maile, who has just lost his son. The…
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WHO says Africa’s Ivory Coast reports cases of mpox Clade 2
The World Health Organization said on Thursday that Africa’s Ivory Coast has reported cases of mpox Clade 2 for the first time since the start of the multi-country outbreak in 2022.
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China-Africa summit nears as Beijing seeks to bolster relations with Africa
Chinese Vice Foreign Minister Chen Xiaodong said on Friday that now is “the right time” to deepen cooperation between China and Africa, ahead of an upcoming China-Africa summit in Beijing next month. Chen told a press conference on Friday that China and Africa should use the meeting to sound a “strong voice” for the Global…
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Trinidad is redrawing its coat of arms to remove Columbus’ three famous ships
Officials in Trinidad and Tobago are redrawing the island’s coat of arms for the first time since its creation in 1962 to remove references to European colonization. Christopher Columbus’ three ships — the Pinta, the Niña and the Santa María — will be replaced with the steelpan, a popular percussion instrument that originated in the…
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Senior officials from Africa, Asia, Middle East to visit Russia ASIAEXPO forum
International agricultural forum ASIAEXPO is scheduled to take place in Russia’s Sirius Federal Territory on October 23-25.Participation in ASIAEXPO was confirmed by Gabonese, Cameroonian, Saudi Arabian and Iraqi high-ranking officials, the forum’s director general, Igor Milovanov, told Sputnik. “Last year showed the demand for this forum. It was attended by about 6,000 people. The worth…
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Carlyle Aviation Moves to Ground Air Sénégal Aircraft Over $10 Million Dispute
In a significant legal development, the American aircraft leasing giant Carlyle Aviation has initiated actions to ground four aircraft operated by Air Sénégal, the national airline of Senegal. This move follows a legal filing in the United States, where Carlyle Aviation is seeking nearly $10 million from the airline, citing unpaid leasing fees. A U.S.…
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El Salvador has launched a Bitcoin certification program to train 80,000 government employees
El Salvador has launched a Bitcoin certification program to train 80,000 government employees in strategic management and public policy related to Bitcoin. The initiative, led by the National Bitcoin Office, aims to enhance the nation’s Bitcoin-driven economy and governance standards.
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India-US trade chair’s vision of a Moroccan pharmaceutical hub
KV Kumar, the chair of the Indian American International Chamber of Commerce (IAICC), recently visited Morocco to explore new avenues for economic cooperation, with a specific focus on the pharmaceutical sector. During his visit, Kumar discussed the potential for creating a Moroccan pharmaceutical hub that could serve as a significant player in the global market,…
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