Abhirup Roy and Shilpa Jamkhandikar, Reuters News MUMBAI – Ingka Group, the owner of most IKEA furniture stores, is planning additional price cuts as some input costs ease, its retail manager told Reuters on Monday, a reversal from price hikes introduced last year to counter soaring inflation. The world’s biggest furniture retailer raised prices in its…
Zimbabwe’s prolonged power shortage is set to worsen after the entity that manages the southern Africa’s biggest dam ordered the suspension of electricity generation at its main hydro plant because of a water shortage. In a letter dated November 25 and seen by Reuters, the Zambezi River Authority (ZRA) told the Zimbabwe Power Company on…
Staff Writer, Khaleej Times The Dubai Ruler has approved a comprehensive plan to develop the emirate’s countryside into touristic destinations. The development plan includes a first-of-its-kind 100km scenic route, natural reserves and areas to practise desert sports. The plan encompasses a 2,216-sqkm area in areas like Lehbab, Aweer and Faqaa, among others, according to a tweet…
By Africanews The right-hand man of former Ivorian president, Laurent Gbagbo, returned home on Saturday after more than eight years abroad. Charles Blé Goudé was met at the airport by former First Lady, Simone Gbagbo, accompanied by around a dozen people. His arrival on a flight from Ghana’s capital, Accra, was preceded by a heavy police presence. Charles Blé…
By Rédaction Africanews The Angolan Minister of Foreign Affairs on Wednesday announced an agreement was reached for an “immediate ceasefire” from Friday at 6 p.m. in the eastern Democratic Republic of Congo, at the end of a mini-summit in Luanda. Congolese President Felix Tshisekedi met with Rwandan Foreign Minister Vincent Biruta, in the absence of…
Staff Writer, Nigerian Tribune he Group Managing Director of Temple Group Limited, Prince Segun Obayendo has signified interest to run for the post of President of the Charted Institute of Transport Administration (CIoTA). In his recent announcement, Obayendo listed his ambitions, goals and objectives if elected president According to MrObayendo,“My drive to communicate with clarity and…
Story by Reuters King Charles hosted his first state visit since becoming British monarch on Tuesday, welcoming South African President Cyril Ramaphosa to Buckingham Palace. Charles, 74, rolled out the traditional pomp and ceremony for the first time as head of state, as Britain seeks to bolster its relations with its biggest trading partner in Africa….
ABUJA, NIGERIA — Nigeria began drilling for oil and gas in the northeast on Tuesday, a first for the African oil giant, which has exploited large deposits in the south for decades and whose production is declining. President Muhammadu Buhari visited the Kolmani field, located in Gombe and Bauchi states and with estimated reserves of…
By XINHUA Africa’s sustainable transformation requires sustainable industrialization that can withstand global challenges, acting executive secretary of the UN Economic Commission for Africa (UNECA) Antonio Pedro said. The UNECA chief made the remarks on the occasion of Africa Industrialization Day, which is commemorated every year on Nov. 20 in line with African leaders’ decision back in…
By Larry Madowo, CNN CNN Business — Laid-off employees at Twitter’s Africa headquarters are accusing Twitter of “deliberately and recklessly flouting the laws of Ghana” and trying to “silence and intimidate” them after they were fired. The team has hired a lawyer and sent a letter to the company demanding itcomply with the West African nation’s labor laws, provide…
