Saturday, November 16, 2024
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Business

South Africa in talks with Airbus, Boeing to print 3D parts

South African researchers developing the world’s largest machine for producing aircraft parts using lasers to melt powdered titanium are in talks with Airbus and Boeing, with the first commercial application expected in 2019.

Snapchat firm share price soars on debut

Shares in Snap, owner of messaging app Snapchat, began trading on the US stock market on Thursday. At the close of trade shares were $24.48...

Ghana’s new government targets deficit, inflation in first budget

Ghana aims to reduce its budget deficit and inflation in 2017, Finance Minister Ken Ofori-Atta said on Thursday in a budget speech designed to...

Namibia’s central bank assumes control of SME Bank

Namibia's central bank has assumed control of SME Bank Limited, a lender focused on small businesses in the southern African nation, it said on...

Uganda government takes over troubled telecom

The government has taken over Uganda Telecom Limited (UTL) after the firm’s majority shareholder failed to inject capital to turnaround the state of the ailing telco.

Mozambique to seek partial debt restructuring

Mozambique will seek to negotiate a restructuring of part of its debt, its prime minister said on Wednesday. The southern African nation is struggling to...

South African coal truck drivers protest against renewables

Thousands of coal truck drivers descended on South Africa's capital Pretoria on Wednesday to protest against the country's renewable energy program, after President Jacob...

Mitsubishi Hitachi to supply turbines for Kenyan geothermal plant

Japan's Mitsubishi Hitachi Power Systems said on Tuesday it and two other firms had won an power generation plant order including two 70 megawatt...

GM plans to sell stake in East African unit to Isuzu

General Motors Co on Tuesday said it plans to sell its majority ownership stake in General Motors East Africa to its Japanese partner Isuzu...

Nigeria’s economy contracted by 1.5 percent in 2016

Nigeria's gross domestic product fell by 1.5 percent in 2016 due to lower oil revenues, the National Bureau of Statistics said on Tuesday, for...

Latest news

Nigerian High Commission apartments in Ghana demolished

Some new apartments built at the residence of the Nigerian High Commissioner in Ghana’s capital city Accra, have been demolished by bulldozers. The apartments have been constructed to...

Covid-19: Ghana records significant recovery numbers

Ghanaian health officials on Saturday said over 10,000 persons infected with the coronavirus have now recovered. The significant number of recoveries means the country now...

DR Congo: President’s ex-chief of staff jailed 20 years for corruption

The ex-chief of staff of the president of the Democratic Republic of Congo has been jailed 20 years by a high court. Vital Kamerhe was...

Covid-19: Zimbabwe’s health minister arrested, charged for graft

Zimbabwe's Health Minister Obadiah Moyo has been arrested over corruption allegations related to procurement of medical equipment worth $60 million. Moyo is accused of illegally...

Ghana’s new law that jails citizens not wearing facemask 10 years

Ghanaians who fail to wear the face masks in compliance with a presidential directive risk going to jail for ten years. They also face a...
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