Business

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A Ghanaian company makes wine from cocoa

Cocoa has been Ghana's main commercial crop for several decades. And although the West African country is the second largest cocoa producer and exporter in the world, some are still looking into different ways to exploit it. Such as Dr Harrison Adjimah who uses cocoa and other local raw materials in his wines. The senior lecturer conducts an entrepreneurship programme to encourage students to be innovative which allows him to demonstrates the potential […]

todayMay 13, 2022 10

Business

Algeria receives Russia FM Sergei Lavrov as EU continues search for alternative gas

Russian Foreign Minister Sergei Lavrov visited gas-producing ally Algeria for talks Tuesday as Europe jockeys to secure alternative energy supplies in light of Russia's invasion of Ukraine. Algeria is a major gas supplier to Europe, providing 11 percent of its imports, compared with 47 percent from Russia. Algiers abstained when the United Nations General Assembly overwhelmingly passed a resolution in March demanding Russia immediately withdraw from Ukraine. "We very much […]

todayMay 11, 2022 15

Business

Zimbabwe government under fire for suspending bank credit

  The Zimbabwean government has come under fire since Saturday for imposing a freeze on bank lending. Stakeholders in the business sector on Monday warned that the move will encourage the development of a shadow banking system and jeopardise the country's economic recovery. President Emmerson Mnangagwa on Saturday ordered banks to suspend their lending activities as part of a plan to revive a country overwhelmed by soaring inflation driven by […]

todayMay 11, 2022 16

Business

Rihanna’s beauty and skin care products are arriving in Africa

In a social media post, the 34-year-old business-owner said Botsawana, Ghana, Kenya, Namibia, Nigeria, South Africa, Zambia and Zimbabwe will be the first African countries to sell Fenty Beauty and Fenty Skin products starting from May 27. Billionaire singer and entrepreneur Rihanna announced Tuesday her luxury beauty and skin care brands will launch in Africa. Fenty Beauty and Fenty Skin will be available starting from May 27. In a twitter […]

todayMay 11, 2022 7

Business

Snail farming gathers pace in Kenya

Snails have long been considered a delicacy in countries such as France. In Africa, giant African land snails are increasingly seen as a potential source of food as well as income for farmers. Snails contain protein, iron, calcium and vitamin A, as well as being low in fat. However, like prawns, are also high in cholesterol. "Most of our farmers are mainly looking for alternatives to either addressing the high […]

todayMay 7, 2022 3

Business

African oil producers gather for Angola congress

As fuel prices escalate at alarming rates all over the world, Angola is hosting the 8th African Petroleum Congress and Exhibition (CAPE VIII). We talk to Dr.Omar Farouk Ibrahim, Secretary General of African Petroleum Producers' Organization (APPO), about this year's theme and possible solutions to one of the biggest threats to stability and livelihoods in any economy. Afolake Oyinloye: The Secretariat of APPO has been reorganized for more efficient operations, can […]

todayMay 7, 2022 16

Business

Adoption of bitcoin in CAR raises suspicions

The adoption of bitcoin as a legal tender in the Central African Republic has raised several questions by some financial analysts across Africa. There are suspicions that the only state along with El Salvador, to have done so is immediately suspected of wanting to promote dubious transactions, at a time when the regime is under fire from the UN. Moscow has been under international economic sanctions since the invasion of […]

todayMay 7, 2022 17

Business

Angola invests in agricultural training for local communities

In southern Angola droughts are cyclical and are getting more severe. The Angolan government has invested in agricultural training provided by field schools (ECA's) in order to help local communities to maximize crop yields. The initiative is supported by the government, international NGO's and the European Union. "Farmers already know, it just takes coordination. Planning is key within the agricultural calendar of any village or community. They always have some doubts […]

todayMay 6, 2022 4

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