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Africa Business Headlines

Moneygram Strengthens ties with gabon

DALLAS – MoneyGram International (NASDAQ: MGI), a provider of innovative money transfer services, recently hosted members of Banque Gabonaise de Developpement (BGD), a leading commercial bank headquartered in Gabon, Central

Business News

GE Provides $100,000 Grants to University of Ghana Students

Scholarship to cover full tuition for four-year degree Financial aid to needy students to augment the country’s human resource base One hundred students of the University of Ghana will have

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Kweku Adoboli, the rogue trader who lost UBS £1.5 billion ($2.3 billion) in 2011, is out of prison.

BUSINESSINSIDER – According to the Financial Times, Adoboli only served around half his seven-year sentence, after he was released from Maidstone prison in Kent, England last week. Adoboli was convicted of

Business News

African Ministers Storm Norway For Energy Summit

The Ghanaian Chronicle – African Ministers of Energy from Ghana and Zambia are amongst the attendees at the Norway-Africa Energy Summit in Oslo, organized by Norfund and the Norwegian-African Business

Business News

Nigeria: Made-in-ABU Car Launched in Zaria

Daily Trust – The Ahmadu Bello University (ABU) at the weekend unveiled a car that was manufactured by the institution’s Department of Mechanical Engineering. While unveiling the car to journalists,

Business News

Ghana to Get Additional 3,665MW of Power in Five Years – President

President John Mahama has stated that an additional 3,665 megawatts (MW) of power would be injected into the national grid over the next five years. The President announced this today

Business News

Nigeria: Ghana 1000 Consortium and Shell Enter into Exclusive Negotiations for LNG Supply to the Ghana 1000 Power Project

LNG can potentially lower the cost of power in Ghana by up to 35 percent when compared to power generated from light crude oil. The ability to import LNG into


Gulf Companies Commit $19 Billion to West Africa Infrastructure Projects

ByMary Sophia – Gulf Business Abu Dhabi firm Trojan General Contracting committed investments worth $16 billion in various infrastructure projects in West Africa. Companies from across the Gulf have committed


Mozambique Seeks Pipeline Study for Decade’s Biggest Gas Finds

Mozambique said it seeks consultants to study building a pipeline that will link the largest natural-gas discoveries in a decade to destinations within its borders and in neighboring African nations.


Nigeria Plans Airline to Profit From $2 Billion Aviation Program

Bloomberg News – Nigeria is in talks with private investors to set up a national airline as it revamps it’s airport infrastructure and expands air capacity, Aviation Minister Osita Chidoka