Archive: Thu Mar 2018

Menzgold Rejects SEC’s Condition For A Meeting

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Gold trading firm Menzgold has rejected an attempt by the Securities and Exchange Commission (SEC) to set conditions for a planned meeting between the two parties next week. The development comes after the state regulator in a statement agreed to … Read more →

Cedi down 26%, not 7% – Minority to Bawumia

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The Minority in Parliament (MP) has said that the rate of depreciation of the Ghana cedi in relation to the U.S. dollar, has exposed Vice-President Dr Mahamudu Bawumia. Critics have blamed government policies for the weakening of the cedi against the … Read more →

Peacekeepers in Lebanon hold memorial service for Kofi Annan

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Ghana’s peacekeeping troops serving with the United Nations Interim Force in Lebanon (UNIFIL) have held a memorial service in honor of the Late Kofi Annan, a former United Nations Secretary-General. The battalion held the memorial service in the early hours … Read more →

China not seizing Zambian assets – President

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Zambia’s President Edgar Lungu has hit back at reports suggesting the country’s sovereignty is being eroded by China, saying that no amount of “propaganda” will end the country’s relationship with the East Asian country. Zambia is highly indebted, with the … Read more →

VW bids goodbye to the Beetle

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German carmaker Volkswagen (VW) announced Thursday that July 2019 would be the last production month for the iconic Beetle, currently in its third generation. The classic compact car, which was first developed in Nazi Germany in 1938, went on to … Read more →

Tear gas fired to quell Ethiopia protest

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Police have fired tear gas in Ethiopian capital, Addis Ababa, to disperse people in the wake of clashes between supporters of the Oromo Liberation Front (OLF) and some residents of the city. Parts of Addis Ababa’s commercial centre has become … Read more →

Email scam: Nigerian ‘ran ring from Sydney detention centre’

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Australian police have charged a man they say was running a multi-million dollar email scam from inside an immigration detention centre in Sydney. The Nigerian man, 43, headed a fraud ring which sent fake messages that claimed to be from … Read more →

Uganda’s Parliament doesn’t pay social media tax

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Ugandan opposition MP Kaps Fungaroo has complained that he is unable to access apps like Twitter on his official iPad because parliament is not paying the controversial social media tax. The 200 Uganda shilling [$0.05, £0.04] per day tax on … Read more →

Bolt enters space race in zero gravity sprint

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Jamaican sprint legend Usain Bolt was back on the starting line Thursday — but found it a challenge to stay on his feet in zero gravity conditions aboard an aeroplane. The 32-year-old briefly broke off from his pursuit of a … Read more →

Vice President Bawumia breaks silence on falling cedi [Video]

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The Vice President, Alhaji Dr Mahamudu Bawumia has stated that the New Patriotic Party (NPP) government welcomes the debate on the depreciation on the cedi. According to him, the current depreciation of the cedi is not same as a result of the … Read more →

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