AFRICA

FOLLOW US:

Founder of Amazon, Jeff Bezos, announced world’s richest person

According to the Bloomberg Billionaires Index, Jeff Bezos, Amazon's founder, is now the richest person in the world. With a net worth of over $90 billion, Bezos has overtaken Microsoft founder, Bill Gates, by around...

Somalia government to take control of airspace after 26 years

Engineers are doing last minute system installation at one of Somalia's new airspace control centers - once the initial phase is completed, this will be the country's first modern air traffic control center -...

Ugandans of Asian origin contribute to 65% of tax revenue

New research shows that Ugandans of Asian origin are helping to drive the economy -- despite being forced out under President Idi Amin's regime. In 1972 Asians living in Uganda were given a ninety day...

Air Zimbabwe sacks half its workforce

Air Zimbabwe has released almost half its workforce in able to stay in the air. Local media reported that the company laid off 200 employees, amid an ailing national economy which has halved since 2000. "We...

Egyptian government working to end Saudi ban of its strawberries

Egypt is currently working to end a Saudi ban on imports of its strawberries that has just taken effect in the middle east country. The agriculture ministry is in talks with Saudi officials to resolve...

ECOWAS leaders meets in Abuja to discuss investment in mining

Mineral rich members from the west African economic block ECOWAS are meeting in Nigerian capital Abuja to cement partnership in order to boost earnings from the industry. The event is coming ahead of ECONEC’s Needs...

Tourism greatly boosting African economies

A new reports suggests that tourism in Africa is boosting the continent’s economy and handing millions jobs. The U.N. Conference on Trade and Development’s annual Economic Development in Africa Report projects continued robust growth in...

Lagos Unemployment: Government to provide training for recent graduates

Nigeria is suffering from a high rate of unemployment, particularly with graduates. Employers have long complained that most graduates in the country lack employable skills. As CGTN's Deji Badmus reports, authorities in the country's...

Abraaj Group says plans to buy Kenyan coffee chain Java House

Emerging markets-focused private equity firm Abraaj Group said on Monday it planned to fully acquire leading Kenyan coffee chain Java House from its present owners for an undisclosed amount. Java House founder Kevin Ashley in...

#YoungAchievers: More Kenyan youth venturing into entrepreneurship

Youth unemployment continues to be a major problem across the continent. In Kenya, CGTN's Robert Nagila caught up with two young men, who are determined to make it on their own despite numerous challenges. https://www.youtube.com/watch?v=lZGz8Y_BJ_s