Africa

Kenyan President William Ruto Considers Crypto Mining to Power Energy Sector Growth

President William Ruto revealed ongoing discussions with companies such as Marathon Digital, signaling a possible transformation in Kenya's economic terrain.


Businessman Who Shot His Wife to Death Thinking She Was an Intruder Gets Only 12 Years in Prison

A South African businessman was sentenced to 12 years in prison for shooting his wife to death after he mistook her for an intruder in their home...

Tesla Slashes EV Prices in China, Germany and Other Countries in Europe as Sales Drop

Tesla has implemented price reductions in key markets such as China, Germany, and other European countries, following similar cuts in the United States...

Moderna Pauses Kenya Plant Plan After Losing $1 Billion as COVID-19 Vaccine Demand Slumps

Moderna announced on Thursday that it has decided to halt its plans to construct a vaccine manufacturing facility in Kenya due to a decrease in demand for COVID-19 vaccines after the pandemic...


Latest News

Egypt Unveils Special Economic Program To Attract Foreign Investment
Last week, the Bank of Egypt has increased its benchmark rates following a devaluation of local currency by 10%. The moves are believed to be parts of measures taken by the government to address the s
Hawaii Ivory Trade Will Soon Be Banned
Hawaii lawmakers are seeking to pass the bill on ivory trade ban. Thousands of African elephants and rhinoceros are being slaughtered because of their tusks and horns. Smugglers see Hawaii as their g
Bank of Egypt Mulling For Tougher Foreign Exchange Regulations Cracking Down The Black Market
A black market for dollars has absorbed liquidity from the Egyptian banking system over stressing country’s foreign reserves. Egyptian pound has been weekend ignoring several steps adopted by CBE. Fin
Solar Power, South Africa's Answer to Energy Crisis
South Africa's energy crisis will now be answered by the launching of the largest solar farm built in Northen Cape. It could generate power that could supply electricity from renewable energy to 75,0
Facebook sees growth in Asia despite India's ban on Free Basics
Facebook Inc is bullish on Asian market potential. Recently, Facebook's Free Basics service has been banned by Telecom Regulatory Authority of India (Trai). Despite this jolt, Facebook is still optimi
Fastjet Bows To Founder’s Call Removing CEO And General Counsel With Immediate Effect
Fastjet founder Stelios Haji-Ioannou has called for removing its CEO and suggested for other restructuring. Though the African budget carrier has decided for keeping the CEO as an advisor for another
Ivory Coast President Said Al-Qaeda Terror Attack Wouldn’t Impede With The Country’s Economic Progress
In the wake of the Al-Qaeda attack on a beach resort in Ivory Coast, the country’s president has tighten the security measures across the nation. Ivory Coast is striving to improve its economy, especi
The Egyptian Central Bank Devalues Currency Against US Dollar, Mulls For Raising Benchmark Rates
Economists and analysts have repeatedly been suggesting for devaluation of local currency in a bid to ease pressure on foreign currency reserves. But the Egyptian central bank has refrained from doing
South Africa's Manufacturing and Mining Output Contract, Slow Down Economy Even More
South Africa's output in the manufacturing and mining sector might not be a good sign to start the year right. More mining sites stopped their operations creating illegal mining. The president should
Kenya Airways Reveals $690 Million Bailout Plan After Incurring Loss $261 Million Last Year
Kenya Airlines has recorded an annual loss of $690 million during 2015. Following the ever largest corporate debacle in Kenyan history, the struggling national carrier has revealed bailout plan for $6
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