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Home / Tag Archives: World News

Tag Archives: World News

Size Matters: Developing Businesses of Scale in Sub-Saharan Africa

industrial complex for the production of galvanized roof sheets, Kampala, Uganda. Photo: Getty Images.

“Policymakers will need to better understand the drivers of, and obstacles to, the growth of African companies if they are to achieve national development goals and create better jobs.”   Africa is overwhelmingly young – and getting younger. The coming ‘youth bulge’ is set to more than double the continent’s …

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Uber Taxi: Some people will come back to Uber now that its CEO has resigned

Travis Kalanick’s decision to resign from his post as Uber’s CEO isn’t likely to turn around the company’s fortunes overnight. But it could give Uber a small boost in one area: ridership. Among consumers who have scaled back or ceased using Uber, nearly 30% believe replacing Kalanick could coax them …

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Trump, Russia and a Shadowy Business Partnership

The special counsel’s investigation of the White House has come more sharply into focus. Robert Mueller is examining whether President Donald Trump obstructed justice when he fired James Comey as director of the Federal Bureau of Investigation, the Washington Post recently reported. As we’ve heard for months now, there is also …

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Finland tests basic income for the unemployed

JUHA JARVINEN, an unemployed young father in a village near Jurva, in western Finland, brims with ideas for earning a living. He has just agreed to paint the roofs of two neighbours’ houses. His old business, making decorative window frames, went bust a few years ago. Having paid off debts, …

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Malabu Oil Scandal: Jonathan must have gotten $200 million, middleman tells FBI

Former President Goodluck Jonathan probably received as much as $200 million to approve the controversial $1.3 billion sale of OPL 245 oil field, Italian prosecutors said in court documents. The documents, which were extracts of a thorough investigation by Italian authorities into the deal, also confirmed that Shell and ENI …

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What Shell CEO told colleague about $1.3 billion Malabu Oil scandal

The boss of one of the world’s biggest corporations was placed under secret surveillance as part of a pan-European corruption investigation into the way the firm paid $1.3 billion for an oil block in Nigeria, explosive documents leaked to Finance Uncovered reveal. The leak includes a recording of a wiretapped …

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Zambia opposes condoms distribution in schools

The Zambian  government said it is opposed to plans by some civil society organisations to  distribute condoms in secondary schools,  as a way of  tackling unwanted pregnancies. This follows reports in some local media that some civil society organisations involved in reproductive health,  plan to start distributing condoms and contraceptives …

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South Africa: Ratings Agency Downgrades Credit Rating to ‘Junk’ Status

The credit ratings agency Standard & Poor’s has downgraded South Africa’s foreign currency sovereign credit ratings to below investment status. The move, widely predicted in the wake of President Jacob Zuma’s firing of finance minister Pravin Gordhan and his deputy, Mcebisi Jonas, is likely to make borrowing more expensive, result …

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‘Nonsensical and stupid and dangerous’: Bernie Sanders slams Trump

Sen. Bernie Sanders lashed out at President Donald Trump on Thursday afternoon, calling the executive order Trump signed on Tuesday to repeal the Obama-era Clean Power Plan “nonsensical.” “That is such a nonsensical, and stupid, and dangerous, approach,” the Vermont senator told CNN’s Wolf Blitzer. “It’s almost indescribable.” The Clean …

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Flynn Did Not Disclose Income From Russian Companies – White House

Michael Flynn, President Donald Trump’s former national security adviser, failed to disclose payments from a Russian television network and a second firm linked to Russia in a February financial disclosure form, according to documents released by the White House on Saturday. In a financial disclosure form signed by Flynn on …

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Trump travel ban: US judge blocks new executive order

travel ban

US District Judge Derrick Watson cited “questionable evidence” in the government’s argument that the ban was a matter of national security. President Trump described the ruling as “unprecedented judicial overreach”. The order would have placed a 90-day ban on people from six mainly Muslim nations and a 120-day ban on …

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CAF: Battle at the top of African football

CAF

The Confederation of African Football (CAF) has only ever had five presidents in its 60-year history and the last time a new leader was appointed was way back in 1988. Thursday’s election in Ethiopia’s capital, Addis Ababa, could herald a change, but long-time incumbent, Cameroon’s Issa Hayatou, is not giving …

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Saudi varsity to dismiss female students for cutting hair

Saudi varsity to dismiss female students on low cut

A Saudi university on Tuesday sent a warning to its female students of immediate dismissal for imitating men in haircuts and outfits, a media report said on Tuesday. The Imam Mohammed bin Saud Islamic University in Riyadh sent the warning messages, while the decision will be enforced staring April. The …

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Brexit: Parliament gives approval

Brexit

The British Parliament has passed a bill that will allow Prime Minister Theresa May to start talks to leave the European Union popularly known as Brexit. The Queen will now sign it into law, clearing the way for May to trigger Article 50, beginning the process by which Britain will …

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Malabu Scandal: Court ruling on Shell, Eni’s bid to take over OPL 245 stalled

eni-petrol-station

Ruling on two applications seeking the return of OPL 245 to two multinational oil companies, Shell and ENI, has again been adjourned, following a fresh application on the matter. The oil firms, through their Nigerian subsidiaries, had challenged the propriety of the Nigerian government withdrawing the oil block from them, …

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