Finance

The runner-up in the presidential election in the Democratic Republic of Congo, Martin Fayulu, had said he was the real winner in the contest. But a high court ruling said the challenge was “unfounded.” The Constitutional Court of the Democratic Republic of Congo rejected a challenge to last month’s presidential election results. The high court […]

The government of Eritrea on Wednesday issued a strong condemnation of the terrorist attacks that has so far claimed 21 lives in Kenya. The attacks in Nairobi has been claimed by Somalia-based terrorist group, Al-Shabaab. Asmara also referred to the attacks as heinous and cowardly. “In a letter to his Kenyan counterpart, FM (Foreign Minister) […]

For a populous nation as Ethiopia – on record as Africa’s second biggest only behind Nigeria, imports are as important to its economic growth as are the goods it also exports – chief amongst them, coffee. Ethiopia is, however, landlocked with five neighbours who have access to the sea – Sudan, Kenya, Djibouti, Somalia and […]

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Cape Town – Fraudsters seem to be targeting elderly people who may not be tech-savvy and people who go overseas. These are the sentiments of Professor Darlene Lubbe, the daughter of one of the latest victims of SIM card swopping or porting. Speaking to the Weekend Argus on behalf of her 78-year-old father, Lubbe said […]

Crude oil production will be cut by 1.2 million barrels per day from January 2019 for an initial period of six months. The Organization of the Petroleum Exporting Countries (OPEC) and non-OPEC oil producers made the agreement in Austria’s Vienna on Friday. According to the agreement, OPEC member states contribute 0.8 million bpd output cut and non-OPEC oil pumpers […]

Body marking has been used for centuries in parts of Africa to indicate a person’s tribal heritage. In Nigeria, tribal marks are lacerations made on the face practised by parts of the Yoruba and the Hausa tribe. Nevertheless, the custom is becoming less common and many who bear tribal marks often face stigma in today’s […]

Calls for the resignation of South Africa’s finance minister, Malusi Gigaba have intensified following the recommendation by the country’s public protector that he is disciplined for lying under oath. South Africa’s public standards watchdog said on Wednesday, Gigaba violated the constitution when he lied about the wealthy Oppenheimer family’s attempt to open a private airport […]

A hearing in the court case between MTN and Nigeria’s central bank in a dispute over the alleged transfer of $8.1 billion of funds by the telecoms firm, has been set for Oct. 30, a lawyer for MTN said on Friday. MTN has denied claims that it depleted Nigeria’s forex reserves, the South African telecoms group’s lawyer, Wole Olanipekun, told […]

Zimbabwe’s finance minister announced on Friday that government would cut public sector jobs to help stem ballooning expenditure. Recently-appointed Mthuli Ncube said job cuts were among austerity measures needed to revive the moribund economy as the southern African country reels under a debt of $16.9 billion. “We are going to do that (job cuts),” Ncube […]


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