Business

Misery Index: South Africa Has The Third Most ‘Miserable Economy’ In The World

South Africa has been ranked as the world's most miserable economy after Venezuela and Argentina. Bloomberg's Misery Index, which ranks major economies by inflation and unemployment expectations, has ranked South Africa as the third most miserable economy in the world. Venezuela,...

Valentina Mintah: For the First Time in 100 Years, A Ghanaian Has Been Elected into the ICC Board

The International Chamber of Commerce (ICC), has for the first time in its hundred years of existence, elected a Ghanaian, Valentina Mintah, as a member of its Executive Board. The seven-member executive board was announced at the 2020 meeting of...

Nigeria Faces Worst Recession In 40 Years – World Bank

The collapse in crude oil prices, coupled with the COVID-19 pandemic, is expected to “plunge the Nigerian economy into a severe recession, the worst since the 1980s”, the World Bank said on Thursday. The World Bank, in a new report,...

Brand Africa 100: MTN, Dangote Ranked Most Admired Brands in Africa, 2020

Nigeria's giant mobile operator, Glo, and South Africa's MTN has retained their ranking as Africa’s most admired brands. This year's list of Africa's most admired brands is dominated by South African and Nigerian companies with MTN and DANGOTE occupying the...

Top 20 Fastest Growing Economies in Africa, 2020

Rwanda is Africa's fastest-growing economy, according to the 2020 African Economic Outlook report. Rwanda is closely followed by, Ethiopia (7.4 per cent), Côte d'Ivoire (7.4 per cent), Ghana (7.1 per cent) and Benin 6.7 per cent. East Africa maintained its lead...

South Africa Now Ranks 3rd in the World for Economic Crimes – PwC

South Africa is third in the world when it comes to economic crime, according to PwC’s 2020 Global and Economic Crime and Fraud Survey.At the launch of the survey in Johannesburg, the PwC forensic team and a panel which...

Nigeria Has 724 Billionaires, Ranked Second in Africa – Report

Nigeria has been ranked second in Knight Frank’s Wealth Report 2020 list of African countries with the highest numbers of ultra-rich individuals. Nigeria, according to the report has 724 ultra-high net worth individuals, worth over US$30 million each (N10.96 billion) According...

Nigeria Overtakes South africa as the Biggest Economy in Africa

The giant of Africa, 'Nigeria' has overtaken South Africa as the biggest economy in Africa as the latter slid into its second recession in two years, Bloomberg reports. South Africa’s economy slumped into a second recession in consecutive years, contracting...

Top 15 Best Countries To Invest In Africa 2020

Egypt is the best country to invest in Africa according to RMB’s 2020 Where to Invest in Africa report, the big size of the market and a sophisticated business sector relative to other countries made it the most attractive...

Nigeria’s Nosa Ehimwenman is the First Black Man to Head an Airport Project in Chicago

Nigerian-Born Nosa Ehimwenman, the founder of Bowa, one of the Fastest-growing construction companies in Chicago is the first African-American prime contractor to head an airport project in Chicago's history. Nosa Ehimwenman was selected as the primary contractor to construct a...

Latest News

Ahead of US Election, Church in Nigeria Holds Special Procession For Trump

A church in Nigeria, the Living Christ Mission Inc. embarked on a street procession on Sunday, October 25 in...

Majority of the Used Cars Exported to Africa From Rich Countries Are ‘Dangerous and Dirty’ — UN Report

Millions of highly polluting used cars from rich countries are being "dumped" on developing nations, according to a UN report. Between 2015 and 2018, some...

The African Village Of Bazoule Where Crocodiles and Humans Live Side by Side in Peace

Crocodiles may be one of the deadliest most brutal creature in the animal kingdom, but in a small village of Bazoule in Burkina Faso...

Seychelles Presidential Election: Ruling Party Knocked From Power For The First Time Since 1977

Seychelles opposition candidate Wavel Ramkalawan has won the archipelago’s presidential election with 54.9 percent of valid votes cast, upsetting incumbent President Danny Faure. The...

How The Mokomokai Heads Of The Maori Tribesmen Became Valuable Trade Items During The 19th Century

The brain and eyes were removed from the severed heads, with all orifices sealed with flax fibre and gum. The head was then boiled...