Tag:
business
Africa
Uganda Finally Starts First Oil Drilling, Eyes Production In 2025
President Yoweri Museveni on Tuesday ordered Uganda's first oil rigs to begin drilling at the Kingfisher field on the shores of Lake Albert as...
Africa
India’s Investments in Tanzania Hit $3.68 Billion
According to Tanzanian Prime Minister Kassim Magaliwa, Tanzania received US$3.68 billion in Indian investment last fiscal year.
He also pointed out during the meeting of...
African Diaspora
Olympic Legend Usain Bolt Loses $12 million in Savings to a Scam
Jamaican Olympic sprinter Usain Bolt was shocked to discover $12 million missing from an account at Kingston-based investment firm Stocks and Securities, his lawyer...
Africa
MTN Gets $773 Million Tax Bill From Ghana, It ‘Strongly Disputes’
MTN, Africa's biggest mobile operator, said it received $773 million in back taxes, including penalties and interest, in Ghana and plans to take action.
The...
Africa
Uganda’s Economy Boosted As Much As 28% By Unregistered Businesses
According to a recent study by an independent research institute in Uganda, the country experienced a 28 percent boost in its economy owing to...
Africa
Angolan Top Court To Seize Isabel Dos Santos Assets Worth Millions Of Dollars
The Supreme Court of Angola this Tuesday ordered the precautionary seizure of the assets of Isabel dos Santos, daughter of former president Eduardo dos...
Africa
Ghana Suspends Foreign Debt Payments Following Economic Crisis
Ghana has suspended payment of most of its external debt and is in virtual default as the country struggles to overcome its current account...
Africa
Kenyan President, William Ruto Launches ‘Hustler Fund’ Small Loan Scheme
Kenyan President William Ruto on Wednesday launched a microcredit scheme called the "Hustlers Fund," a key element of an election campaign in which the...