Home / Africa/International (page 10)

Africa/International

Global FDI fell to $1.2 trillion in 2018 – UNCTAD

The year 2018 wasn’t a good year for global foreign direct investment (FDI), as FDI fell by nearly a fifth in the year, to an estimated $1.2 trillion from $1.47 trillion in 2017, according to the latest United Nations Council on Trade and Development (UNCTAD) Global Investment Trends Monitor, released …

Read More »

Rheinmetall to sue German government over Saudi arms embargo – Report

German arms manufacturer Rheinmetall has written a letter to the German Economy Ministry stating it may sue the government for its decision to halt arms exports to Saudi Arabia, Spiegel Online reported on Sunday. The report cited Rheinmetall as saying it would pursue legal action against the government for loss …

Read More »

World Bank launches Action Plan on Climate Change

The World Bank Group on Wednesday launched its Action Plan on Climate Change Adaptation and Resilience. Under the plan, the World Bank Group will ramp up direct adaptation climate finance to reach $50 billion over FY21–25. This financing level—an average of $10 billion a year—is more than double what was …

Read More »

Cameroon, Nigeria to collaborate in anti-graft campaign

Cameroon and Nigeria have begun seeking ways to collaborate to fight corruption in both countries, according to officials of Cameroon’s anti-graft body. Officials of National Anti-Corruption Commission (CONAC) and Nigeria’s anti-graft agency, Economic and Financial Crimes Commission (EFCC), met in the capital Yaounde on Wednesday to lay down the guidelines …

Read More »

EU regrets Brexit deal rejection by British Parliament

The risk of a disorderly Brexit has increased since the Withdrawal Agreement was turned down by British MPs on Tuesday evening, arousing dismay and regret by European Union (EU) leaders. German Vice Chancellor Olaf Scholz described Tuesday as “a bitter day for Europe,” adding that “a hard Brexit would be …

Read More »

Qatar launches $20m fund to evacuate African immigrants

The Emir of Qatar, Sheikh Tamim bin Hamad Al Thani on Sunday ordered to set up a fund of $20 million to evacuate African immigrants in Libya to their home countries. The fund, which will be under the auspices of the African Union (AU), should cover the costs of sending …

Read More »

12 killed in Burkina Faso terrorist attack

Twelve people were killed and two others injured in a terrorist attack in Burkina Faso’s northern province of Soum, the country’s security ministry announced late Friday in a statement. The attack was perpetrated by around 30 armed individuals in broad daylight and targeted people who had gathered for a weekly …

Read More »

MTN settles $8b illegal repatriation case with Nigerian government for $53m

Nigerian authorities in August 2018 accused MTN of illegal repatriation of funds to its parent company, MTN Group of South Africa. The Central Bank of Nigeria ordered MTN to refund an amount of $8.134 billion that it illegally remitted to MTN Group based in Johannesburg, over a period of nine …

Read More »

German brewers experiment with hemp beer 

A craft beer boom in Germany, combined with increasingly lenient regulations on cannabis farming, means hemp beer is becoming a popular product with many brewers. But any beer fans hoping for a legal high might be disappointed. Jan Fidora recently decided to experiment with a new beer in the range …

Read More »

IFC, West African Stock Exchange agree to strengthen corporate governance among listed companies

The International Finance Corporation (IFC) of the World Bank Group today announces an agreement with the West Africa Regional Stock Exchange (Bourse Régionale des Valeurs Mobilières [BRVM]) to work together to strengthen corporate governance practices of companies listed on the Exchange. In a press release copied to ghanabusinessnews.com, it said …

Read More »