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Nigerian court adjourns Binance and executives’ tax evasion trial to May 17

Nigerian court adjourns Binance and executives’ tax evasion trial to May 17

A Nigerian court adjourned a tax evasion trial against cryptocurrency exchange Binance and two of its executives to May 17 after the matter was stalled because the exchange has not been formally served with the charges. Binance and its executives Tigran Gambaryan, a U.S. citizen and head of financial crime compliance, and Nadeem Anjarwalla, a British Kenyan who is a regional manager for Africa, face four counts of tax evasion. The charges include failure to register with Nigeria's Federal Inland Revenue Service (FIRS) for tax remittance purposes. Gambaryan appeared in court in Abuja on Friday but did not take a plea. Anjarwalla…
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France rejects accusations made by Burkina Faso against embassy staff

France rejects accusations made by Burkina Faso against embassy staff

THE French foreign ministry said in a statement that it regretted Burkina Faso's decision to expel French diplomats and staff, some of whom were assigned to the French embassy in Burkina Faso. "We reject the unfounded accusations made by the Burkina Faso authorities against our staff," it added. Burkina Faso's military government has expelled three French diplomats for alleged subversive activities, the foreign ministry said in a letter seen by Reuters on Thursday.
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The Cameroonian TV host committing her media career to addressing social issues

The Cameroonian TV host committing her media career to addressing social issues

GATHERED in a room in the heart of Douala, Cameroon, almost two dozen women are busy exchanging views and debating topics of common interest. The dynamic engagement is not just a chat session; on this April evening, a speech trainer is conducting a training exercise. In the coming week, a psychologist will be on hand to advise on mental health during crises. Share Hub, as the meetings are labelled, is the brainchild of Jocelyne Fotso, a prominent Cameroonian TV host and journalist looking to balance a media career with social commitment. The platform provides a space for women to feel…
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US bars four former Malawi officials over corruption, State Department says

US bars four former Malawi officials over corruption, State Department says

THE United States has barred four former officials of the Malawi government from entry because of their involvement in significant corruption, the State Department said. The officials designated are former solicitor general and secretary of justice Reyneck Matemba, former director of public procurement and disposal of assets John Suzi-Banda, former Malawi Police Service attorney Mwabi Kaluba, and former Inspector General of the Malawi Police Service George Kainja, the department said. The four were cited by the State Department as having "abused their public positions by accepting bribes and other articles of value" from a private business person in exchange for…
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Africa’s private wealth to jump to $4 trillion by 2034

Africa’s private wealth to jump to $4 trillion by 2034

PRIVATE wealth in Africa will leap 65% over the next decade to US$4 trillion in new annual estimates, fuelled by growth in fintech, eco-tourism and business process outsourcing. Additional sectors like software development, rare metals mining, green tech, wealth management, media, and entertainment will further bolster the continent's wealth surge, according to the Henley & Partners Africa Wealth Report 2024. The international wealth advisory firm said Africa now has US$2.5 trillion in investable wealth and its millionaire population is set to rise by 65% or 223,080. Non-state wealth in 2022 stood at US$2.1 trillion and was expected to grow by…
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Donors raise more than 2 billion euros for Sudan aid a year into war

Donors raise more than 2 billion euros for Sudan aid a year into war

DONORS pledged more than 2 billion euros ($2.13 billion) for war-torn Sudan at a conference in Paris, French President Emmanuel Macron said, on the first anniversary of what aid workers describe as a neglected but devastating conflict. Efforts to help millions of people driven to the verge of famine by the war have been held up by continued fighting between the army and the paramilitary Rapid Support Forces (RSF), restrictions imposed by the warring sides, and demands on donors from other global crises including in Gaza and Ukraine. Conflict in Sudan is threatening to expand, with fighting heating up in and around al-Fashir, a…
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Man named Vote will cast ballot for change in South Africa

Man named Vote will cast ballot for change in South Africa

WHEN Mariana Ubisi went into labour in her one-room home in rural South Africa, millions of Black citizens were queuing to vote in the election that would bring Nelson Mandela to power. It was April 27, 1994. Swept up in the excitement, Ubisi and her husband named their newborn son Vote. "I imagine it was because we were hearing the chants saying 'vote, vote, vote' on the radio," said Ubisi, a traditional healer in Lillydale, a poor village in Mpumalanga province. As Mozambican refugees who fled war in their country in the 1960s, Mariana and her husband Ernesto did not…
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Volkswagen to invest $210 mln in South African plant

Volkswagen to invest $210 mln in South African plant

VOLKSWAGEN plans to invest 4 billion rand ($210.67 million) in its South African manufacturing plant in the Eastern Cape in preparation to manufacture a new SUV in 2027, it said. South Africa is the largest automotive manufacturing hub on the African continent, hosting global brands such as Toyota, Isuzu, Volkswagen and Mercedes. The German carmaker's statement said the investment will be used to upgrade facilities in various areas in preparation for the addition of a third model to its production line-up from 2027. "As most global vehicle markets transition to electric vehicles, African markets like South Africa will continue manufacturing and…
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Genome study reveals prehistoric Ethiopian origins of coffee

Genome study reveals prehistoric Ethiopian origins of coffee

YOU might call it a cup of Joe, java, mud, brew, mocha, or your morning jolt. Coffee undoubtedly is a big part of global culture, and the kind made from the Arabica bean is the most appreciated by coffee drinkers. Researchers now have unlocked the genome of the Arabica species and traced its origins to a natural mating between two other coffee species an estimated 610,000 to one million years ago in the forests of Ethiopia. That makes this species older than our own species Homo sapiens, which arose in Africa about 300,000 years ago. The researchers sequenced the genomes…
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UK parliament’s upper house delays Sunak’s Rwanda scheme again

UK parliament’s upper house delays Sunak’s Rwanda scheme again

BRITAIN'S upper house of parliament again defeated Rishi Sunak's plans to send asylum seekers to Rwanda, proposing changes that will delay but not block a policy the prime minister hopes could help change his party's electoral fortunes. Sunak has invested huge political capital in the Rwanda scheme before an election later this year he is predicted to lose, saying it will help meet his pledge to stop thousands of people arriving in Britain without permission in small boats. The House of Lords, Britain's unelected upper house, for a third time sought to make changes to the new legislation after the…
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