Africa

Dangote cement approaches SA’s PPC about takeover

Dangote

Dangote Cement Plc has approached PPC Ltd. about a takeover deal, signaling the start of a possible bidding war for South Africa’s biggest cement maker after an earlier offer led by Canada’s Fairfax Financial Holdings Ltd. Dangote has told PPC’s board that it’s interested in buying “the entire share capital,” the Lagos-based company said late Wednesday in a statement to ...

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New report accuses EU countries of unlawful fishing in African waters

EU countries

The advocacy group, Oceana says it has found EU flagged countries doing illegal fishing in the waters of some African countries. In a report it published today, September 12, 2017, Oceana says it found that four European countries authorized illegal fishing in the waters of The Gambia and Equatorial Guinea between April 2012 and August 2015. “Using data from Global ...

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WTO, FES regional dialogue addresses challenges in multilateral trading system in West Africa

The World Trade Organisation (WTO), in partnership with the Friedrich Ebert Stiftung (FES), held a regional dialogue on Challenges for the Multilateral Trading System in West Africa. The event which took place in Accra brought together civil society actors, business people, the media and WTO members and observers in the West African region. Participants were educated on the role of ...

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Ghana has highest cost of living in Africa – Report

A company dedicated to helping people move abroad has ranked Ghana as the African nation with the highest cost of living. The company, called MoveHub, based its calculations on the price of groceries, transport, bills, restaurants and renting a home. The calculation was then placed on an index, which used New York as the benchmark. After giving New York a ...

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AfDB approves African Water Facility budget

The Board of Directors of the African Development Bank Group (AfDB) has approved the 2016 annual report and 2017 work plan and budget of the African Water Facility (AWF) to use €1.925 million. A statement issued by Osward Chanda, OIC Director, Water and Sanitation Department/African Water Facility and copied to the Ghana News Agency, said the amount was for the ...

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ISTR 2017 ends with a call on Africans to cultivate philanthropic culture to solve its own problems

ISTR

ISTR 2017 ends with a call on Africans to cultivate philanthropic culture to solve its own problems As international aids and foreign donations for Civil Society Organisations (CSO’s) shrink, threatening its sustainability, the need for Africans to take control of their own affairs by mobilizing the needed resources for its development is eminent now more than ever. For the past ...

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ISTR Conference 2017: participants explore ways to maximize philanthropy in Africa

ISTR Conference

Civil Society Organizations (CSO’s), and researchers are exploring ways to maximize the philanthropy sector in Africa while calling on Africans to take charge to mobilize the needed resources for it’s own development needs. At the 4th ISTRA Africa Regional Network Conference which commenced on June 21, 2017 and will end today, June 22, 2017, in Accra, researchers and participants are ...

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IMF approves $224.8 mln in extra credit for Ivory Coast

imf - Ivory Coast

The International Monetary Fund’s Executive Board approved $224.8 million in additional credit for Ivory Coast under an existing lending framework, it said in a statement on Monday. “The Board … approved an augmentation of access under the two arrangements by about US$224.8 million or 25 percent of the country’s quota,” the statement said. Ivory Coast has emerged from a 2011 ...

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AfDB funded projects to benefit 20 million Africans

Information and Communication Technology (ICT) and Transport projects financed by the African Development Bank (AfDB) in 2016 would have a positive impact on the living conditions of close to 20 million Africans over the next few years. The AfDB made this forecast in the Annual Report of the Infrastructure, Cities and Sustainable Development Department of the AfDB, published on June ...

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Nigeria’s President Muhammadu Buhari is ‘recuperating fast’

Buhari

Nigeria’s President Muhammadu Buhari is “recuperating fast” from his illness, his wife Aisha Buhari has said. She made the comments after a trip to London, where her husband is being treated for an unspecified illness. Mr Buhari, 74, left for London nearly a month ago – his second trip to the UK for treatment this year. His absence has led ...

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