UK financial regulators and the Serious Fraud Office are to review if banks HSBC and Standard Chartered are linked to a South Africa corruption scandal. It comes after Lord Peter Hain said the banks may “inadvertently have been conduits” for laundered money. The Labour peer told the House of Lords that up to £400m of
China has entered a “new era” where it should “take centre stage in the world”, President Xi Jinping says. The country’s rapid progress under “socialism with Chinese characteristics” shows there is “a new choice for other countries”, he told the Communist Party congress. The closed-door summit determines who rules China and the country’s direction for
by Reuters Zambia’s public debt is growing unsustainably, making the economy of Africa’s No. 2 copper producer vulnerable to market swings and reversals in capital flows, the International Monetary Fund (IMF) said on Tuesday. Publicly guaranteed debt increased from 36 percent of gross domestic product at the end of 2014 to 60 percent at end
KIGALI, Rwanda, October 10, 2017/ — From the Africa Hotel Investment Forum (AHIF) (www.Africa-Conference.com) in Kigali, Rwanda, Marriott International (NASDAQ: MAR) (www.Marriott.com) today announced further expansion plans in Africa with seven new hotel signings. Marriott International was the first global chain to make a significant investment in Africa with the acquisition of Protea Hotels for
NKOLE MULAMBIA, Ndola POLICE in Luanshya are holding five boys of Kafulafuta Boarding Secondary School for allegedly gang-raping a grade 10 female pupil. Masaiti district commissioner Michael Musonda said in an interview yesterday that the five boys – three grade 12s, one grade 10 and one grade nine – were arrested for allegedly raping a
It is with deep regret that we acknowledge the recent incident that took place here at Chengelo School on Friday evening. This extreme case of assault and the conduct of all those involved leaves us all saddened and appalled by the conduct of our own s...
By Leo Igwe Recently, there have been media reports of paranormal claims from different parts of Africa. These reports highlight cases in which witches supposedly crash-landed in the compound of a church or in a public square. There have been stories o...
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