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The one with the nickname "the princess" in Angola is now facing a new legal obstacle. Isabel dos Santos, the richest woman on the African continent, is accused of corruption. It must return more than 400 million euros worth of shares to the Angolan oil company Sonangol. The fees are stacked on top of each other for Isabel dos Santos, Africa's first female billionaire. This time, the Dutch arbitration institute is questioning the validity of a transaction it carried out with the Angolan state oil company Sonangol. In…

Isabel dos Santos, daughter of Angola's former president and once Africa's richest woman, must return to Angola her shares in Portugal's Galp energy company worth 422 million euros ($ 500 million), an international arbitration tribunal has ruled.…

World Bank approves USD 100 million for health services in Somalia MOGADISHU, Somalia -- The World Bank announced Thursday that it has approved a total of US $ 100 million to help improve health services in Somalia. The project, the World Bank's 30-year investment in Somalia's health sector, which aims to improve health services is funded by a $ 75 million grant from International Development…

After Johnson & Johnson allied itself with Aspen, it is Pfizer / BioNTech's turn to partner with a South African company to produce its anticovid vaccine. The manufacturer has signed an agreement with the Biovac Institute, a semi-state company based in Cape Town. This will be the first time a Messenger RNA vaccine has been produced in Africa. Target: 100 million doses per year by 2023. Production…

US injects $ 15 million into UK girls' education program in Somalia MOGADISHU, Somalia - Somalia's girls' education program has received a major boost from USAID, following the injection of $ 15 million into the UK-run project, which primarily targets adolescent girls in the nation of the Horn of Africa. Somalia is one of the countries where access to education is a bit difficult due to a…

Boeing awards $ 500 million to Ethiopia plane crash victims in first settlement NAIROBI, Kenya - Boeing has disbursed $ 500 million for the families of the victims of the plane crash in Ethiopia that took place in 2019 as well as for those who perished in 2018 in Indonesia, as part of the agreement reached in the case against the company. According to Ribbeck Law Chartered, who represents more…

EUR 600 million to help Africa be vaccinated. This is the commitment made by international donors who promise this funding to Aspen, the South African pharmaceutical giant. They want to support the revival of the production of vaccines against Covid-19 in Africa, where only 1% of the population is vaccinated. Africa is the…

DP World invests $ 442 million in breakaway area in Somalia BERBERA, Somalia - DP World is investing no less than $ 442 million in Somaliland, a breakaway area in northern Somalia, with the intention of increasing the port of Berbera, which was lately launched and attended by many stakeholders from a number of components of the nation. Somalia and overseas. The corporate, which additionally…

NAIROBI, Kenya - Kenya Defense Forces will have to operate with a $ 49 million deficit in the 2021/22 budget, it emerged, after the European Union slashed donor repayments to Kenya by 66%, ahead of AMISOM's exit from Somalia . AMISOM troops are expected to withdraw from the Horn of Africa nation upon full implementation of the Somali transition plan by the end of 2021. AMISOM has nearly 22,000 troops in Somalia, fully paid by the European Union, the UN, the United States among other partners. In a report tabled in…

South Africa must sell 2 million doses of the Johnson & Johnson vaccine. Millions of doses of this vaccine were contaminated with components of other vaccines at a facility in Baltimore, USA. According to US authorities, at least 60 million doses must be discarded. as reported from Johannesburg,Romain SongUntil a few…