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Tag Archives: Business

Sierra Leone to sell 709-carat diamond in New York auction

Sierra Leone said on Tuesday it plans to auction off a massive 709-carat diamond at a December sale in New York, aiming to make a clean break with the “blood diamonds” of its past. The stone, which was unearthed in March, is the largest discovered in Sierra Leone in almost …

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Gabon unveils $ 300 million port harbour

Gabon on Saturday officially inaugurated a new port harbour. The project is part of a plan to modernize the existing Port of Owendo located near the capital Libreville. It took 18 months to complete at an estimated cost of $ 300 million. The port was constructed in partnership with Olam …

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Samsung unveils new flagship Galaxy S8 and S8+to replace troubled Note 7

Samsung has unveiled its new flagship smartphones – the Galaxy S8 and S8+. The mobile devices are the first the company has launched since the Note7, which if you recall, had a habit of setting fire on planes. The two new smartphones come with larger screens, with Samsung also removing …

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Ethiopia’s $75m Abattoir set to be operational next month

An abattoir owned by a subsidiary of Allana Group – Frigorifico Boran Foods Plc, will be commissioned next month in Adami Tulu, 163kms from the Ethiopia capital, Addis Abeba. The General Manager of Frigorifico Boran Foods Plc, a subsidiary of Allana Group, Vijay Dongare said they are left with internal …

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MTN loses 714,000 internet subscribers

Nigeria’s telecommunications networks lost 1,275,573 internet users in February, with MTN losing 714,700 subscribers, the highest. The NCC made the disclosure in its internet subscribers’ data for February. The publication indicated that internet users on both Global System for Mobile communications (GSM) and Code Division Multiple Access (CDMA) networks dropped …

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Ethiopia, Russia Sign MoU, Protocol Agreement

Ethiopia and Russia on Friday signed a Memorandum of Understanding (MoU) on Tourism and Culture and Protocol of the Intergovernmental Commission on Economic, Scientific, Technical and Trade Cooperation. The agreement was signed by the two countries at the end of the 6th meeting of the intergovernmental Ethio-Russia Commission. The Ethio-Russia …

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