For business and economic news from around the world
WorldStage Newsonline— The International Monetary Fund (IMF) has warned the Sub-Saharan African nations to be careful of heavy borrowing and gaping deficits, in spite of an overall uptick in economic growth.
IMF wants African countries to be careful of heavy borrowing Read More
The African Development Bank Group (AfDB) on May 7, 2018, announced the conclusion of a settlement agreement with CHINT Electric Co., Ltd., a power transmission and distribution equipment manufacturer and EPC contractor. An investigation conducted by the Bank’s Office of Integrity and Anti-Corruption established that CHINT Electric engaged in a multitude of fraudulent practices: In bidding for contracts in the context of numerous Bank-financed power projects, the company misrepresented its experience with similar assignments in order to meet qualification requirements.
AfDB debars CHINT Electric for 36 months over fraudulent practices Read More
WorldStage Newsonline– The ECOWAS Community Parliament said it had concluded its intervention mission in the Sierra Leone’s parliamentary crisis as the leadership of Sierra Leone People’s Party (SLPP) and the APC agreed to work towards an amicable resolution of issues.
ECOWAS secures agreement from party leaders in Sierra Leone to resolve parliamentary crisis Read More
One of Africa’s most successful businessmen and Founder of Oriental Energy Resources Limited, Dr. Muhammadu Indimi, has reiterated the importance of partnership and collaboration in the long-term success of businesses.
Oriental Energy chief reiterates importance of partnership to business success Read More
The Wellbeing Foundation Africa (WBFA) is to embark upon a major global water, sanitation and hygiene (WASH) campaign.
Wellbeing Foundation Africa launches global WASH campaign Read More
WorldStage Newsonline– Africa Finance Corporation (AFC), Africa’s leading infrastructure multilateral development finance institution has announced its 2017 financial year results with total comprehensive income of US$109.2 million and US$100.3 million in net profit
Africa Finance Corporation announces $100.3m net profit for 2017 Read More
Mauritanian authorities should reverse the recent adoption of a law on apostasy related crimes making the death penalty mandatory for “blasphemous speech” and “sacrilegious acts”, 21 national and international non-governmental organizations said today.
Mauritania urged to reverse law on death penalty for blasphemous speech Read More
WorldStage Newsonline— KPMG South Africa has been dropped by the Barclays Africa Group as its joint auditor.
KPMG dropped as auditor to Barclays Africa Read More
Dr. Emmanuel Ibe Kachikwu, Minister of State for Petroleum Resources, has confirmed he will be present at Africa Oil Week to drive forward transformation projects across the continent. The Africa infrastructure deficit sits at $90 billion which poses a huge challenge to investors and operators alike.
Nigeria to outline energy vision at Africa Oil Week 2018 Read More African ministers for education on Friday endorsed a comprehensive strategy to revitalise formal learning and skills development in line with the continent’s quest to achieve the UN 2030 goals and Agenda 2063 on socio-economic transformation.
Ministers support new pact to transform education sector in Africa Read More