Business Affairss

DALLAS (Texas, US)— The founders of Ping Express US LLC, a Texan payments corporation with connections to the United Kingdom, were given a 27-month prison term for allegedly sending $160 million in proceeds of fraud to Nigeria through the business.Ansl...

CCRA— The Vice-President, Dr Mahamudu Bawumia, is optimistic that Ghana will, this time around, emerge stronger after going to the International Monetary Fund (IMF)...

Summary of Findings and RecommendationsUhuru Kenyatta, during his swearing in as the 4th President of Kenya on 9th April 2013, promised economic transformation, national unity, free maternal care, and improved education standards. Kenyans welcomed thes...

WASHINGTON— Increasing inflation, debts and forex crisis are pushing Nigerian and other African economies to the brink, the International Monetary Fund has warned.IMF Managing Director, Kristalina Georgieva, said the outlook for the global economy had ...

Turkish officials say there is a potential breakthrough in efforts to release Ukrainian grain to world markets as global food prices soar amid Russia’s war with Ukraine. Turkey's defense minister, Hulusi Akar, said an agreement is likely to be announce...

HARARE— Zimbabwe will start selling gold coins this month as a way to tame inflation that has weakened the local currency, the country’s central bank said.The governor of the central bank, John Mangudya, noted that the coins, known as Mosi-oa-Tunya, wo...

NAIROBI— African airlines are expected to record a $4.1 billion loss this year on the back of expensive fuel that is eroding the gains made by a recovering business.Africa Airlines Association (AFRAA) says expensive jet fuel and other expenses involved...

BANJUI— Cryptocurrencies are the solution to tackling financial exclusion in the Central African Republic, its President Faustin-Archange Touadera said, citing the cost of opening bank accounts.“The alternative to cash is cryptocurrency,” Touadera said...