Bloomberg’s 2020 full-year Capital Markets League Tables has ranked African Export-Import Bank (Afreximbank) Africa’s number one Mandated Lead Arranger (MLA) in sub-Saharan Africa. The bank made this known in a statement it issued on Friday in Cairo. According to the statement, the bank is delighted to have surpassed 2019’s second place MLA ranking and is Read More…
A lawsuit launched by the Nigerian government against U.S. bank JP Morgan Chase, claiming over $1.7 billion for its role in a disputed 2011 oilfield deal, will proceed to trial, London’s high court ruled on Thursday. The suit filed in the English courts in 2017 relates to the purchase of the offshore OPL 245 oilfield Read More…
By Nita Bhalla Democrat Joe Biden’s victory in the U.S. presidential election is set to affect Africa’s 1.3 billion people on issues ranging from climate change and immigration to women’s health and human rights, according to academics and analysts. Under the Trump administration, the United States pulled out of the landmark Paris climate accord, issued travel Read More…
The International Monetary Fund (IMF), says economic activity in sub-Saharan Africa is projected to recover by 3.1 per cent in 2021 after declining by 3.0 per cent in 2020. Mr Abebe Selassie, the Director, IMF’s African Department said this at the launch of the “Regional Economic Outlook for Sub-Saharan Africa: A Difficult Road to Recovery’’ Read More…
US President Donald Trump has been given permission to build another golf course in Scotland, after authorities there decided in his favour on Sunday in spite of local opposition. The new 18-hole course is to be named after Trump’s mother, Mary Anne MacLeod, who hailed from a Scottish island. It is to be built on Read More…
The Los Angeles Lakers captured a record-tying 17th NBA Championship on Sunday with a 106-93 victory over the Miami Heat that sealed the best-of-seven title series 4-2, restoring the storied franchise to the top of the basketball world. The Lakers’ victory tied them with the Boston Celtics for most NBA championships and capped an unprecedented Read More…
Argentina got their 2022 World Cup qualifying campaign off to the perfect start on Thursday when Lionel Messi’s penalty kick gave them a 1-0 win over Ecuador at home. The Argentine FA piped fan noise around the empty Bombonera stadium and the chants of “Messi! Messi!” were vindicated as early as the 12th minute. That Read More…
American Sofia Kenin’s amazing year continued as the fourth seed outmanoeuvred big-hitting Czech Petra Kvitova 6-4 7-5 to reach her first French Open final on Thursday. The Moscow-born Florida-based 21-year-old gave a masterclass of game management on a windy Court Phillipe Chatrier and will face Polish teenager Iga Swiatek on Saturday. A second Grand Slam Read More…
Eddie Van Halen, the pioneering guitar player whose hard-rocking band emerged from the Sunset Strip music scene in Los Angeles in the early 1970s to stand at the top of rock ‘n’ roll for a decade, died of cancer on Tuesday. He was 65. Van Halen’s death was announced by his 29-year-old son, Wolfgang, a Read More…
Disgraced film producer Harvey Weinstein has been charged with six more counts of forcible sexual assault in Los Angeles, the Los Angeles District Attorney said on Friday. The charges involve two victims and stem from incidents that occurred more than a decade ago, District Attorney Jackie Lacey said in a statement. Weinstein, who was convicted Read More…