Hershey moves to avoid Africa's cocoa price premium, as reports suggest Yoo Myung-hee has withdrawn from the WTO Director-General race.

An agreement in principle has been reached between Egyptian Authorities and the insurers of the behemoth of a ship that blocked the Suez Canal.

Nigeria's Twitter ban continues as Goïta is sworn in as Mali's interim President.

Nigeria government bans Twitter indefinitely in the country after the social media platform deletes a tweet by the President.

President Buhari names new army chief after death of predecessor.

Paris finance summit concludes with a commitment to press for reallocation of IMF reserves.

The Basketball Africa League finally tips off after year-long covid enforced postponement.

Calls for change as the security crisis in Nigeria deepens, and 40 member government announced in Chad, but opposition remains sceptical.

Spotify CEO, Daniel Ek, says 'Africa is the future region', as a female-led investment firm seeks to scale the continent's luxury fashion brands.

The sudden death of Chad President Idriss Déby Itno sees his son take the reins at a precarious moment.

Twitter chooses Ghana as its Africa headquarters, as Appzone raises USD 10 million.

Shoprite's Nigeria exit cast into doubt by the FCCPC, whilst the sugar war between Dangote, Flour Mills, and BUA continues.

African athletes continue to storm the UFC and boxing world as Cameroon's Francis Ngannou becomes the latest to add a championship belt to his name.

Nigeria bans Emirates flights in retaliation to the carrier's requirement for three covid tests within 24 hours for fliers from the country.

Nigeria's Flutterwave becomes Africa's latest unicorn, as The Nigerian Stock Exchange gains approval for demutualisation.

Ghana celebrates 64 years of independence with a GBP 1.2 billion UK trade partnership in tow, whilst the DRC is called in to mediate a long-running dam dispute between Egypt and Sudan.

Namibia and Morocco removed from EU's tax haven blacklist, as new study suggests covid infection rate in Nigeria could be as high as 1 in 5.

Okonjo-Iweala charged with changing the fortunes of an IGO that critics views as dated, as she becomes the first woman and African to head the WTO.

President Buhari signs off on a USD 2.6 bln infrastructure company, whilst IROKO aims for London IPO.

Path clears for Okonjo-Iweala to make history as the first woman and African to head the WTO, as remaining rival for the post concedes.

New UK covid strain variant found in Senegal, whilst Vodafone restructures Africa business.

Boris Johnson's appoints British-Ghanaian as the UK's first black Business Secretary, while Mauritius and Morocco join African Bond Index.

Is ex-Credit Suisse CEO Tidjane Thiam about to launch a USD 250 million blank cheque vehicle?

The AfCFTA finally launches, bringing with it a USD 3 trillion opportunity for the continent to further develop its value chain, whilst Universal Music Group makes a slew of new appoints in its leadership team in Africa.

A look back at a year that brought a pandemic sized drawback, uprisings, and innovation.

Ghana's Akufo-Addo wins a second term in a closely contested battle with Mahama, whilst Helios acquires 35% stake in BIM Morocco, valuing the company at USD 200 million.

Nestle and Cargill fight to prevent lawsuit from former child labourers, as Kenya looks to China for vaccine.

Zambia set to become the first African nation to default on its foreign debt since the start of the crisis, as the continent's coronavirus cases hit 2 million.

'A great tree has fallen' says Ghana President Akufo-Addo, remarking on the death of the first president of the Fourth Republic, Jerry Rawlings, at the age of 73.

Nigerian Senate contemplates regulation of online posts, as World Trade Organization postpones Director-General appointment.

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The West African Times - November 29, 2020

The West African Times - November 29, 2020

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