The Bahamas Governments’ blanket ban on the trade in scrap metal is financially hurting the ferry services that shipped the metal overseas.
Precision Air of Tanzania, hopes to raise US$17 million in an initial public offering next month after obtaining the go-ahead from the regulator for the share...
A fund ran by Japan’s SBI Holdings Inc. and Abu Dhabi’s Invest AD said on Thursday it bought into the initial public offering of Bank of...
The outstanding issues that have stalled the country's loan arrangement with the International Monetary Fund (IMF) will be ironed out before the end of the year.This...
A weaker Kenya shilling (KES) has eroded the benefit that industries and homes would have had from falling international oil prices with the latest review showing...
The number of African-Americans living under the poverty line, which is $11,139 for an individual in 2010, rose to 10.7 million, up 1.6 percent. In all,...
Low cost Barbados-based carrier REDjet, will unveil Jamaica flights along with other routes this week. Customers will soon be able to see new schedules online and...
South Africa recently launched a bidding process for renewable energy that will lead to the addition of 3,725 megawatts of green energy to the national grid...
CLUTCH - Tyler Perry has been named Hollywood's highest earner this past year (May 2010-May 2011 to be exact) by Forbes magazine...
The conference is expected to attract 300 Caribbean and international renewable energy stakeholders.
IT APPEARS that all may not be well at the state-owned oil refinery. A notation in the revised public bodies budget recently presented to Parliament indicates...
The two-day China Caribbean Economic and Trade Cooperation Forum opened here on today with China announcing that it would pump millions of dollars in assistance to...
The Jamaica Public Service Company (JPS) is presently undergoing an independent audit. The audit is being conducted by accounting firm PricewaterhouseCoopers (PwC) who were conducted by...
The Integrity Commission has referred a matter involving the former finance minister to the Director of Public Prosecutions.
Jamaica’s economic situation has not reached a crisis level that could jeorpardize the country’s Stand-by Agreement with the International Monetary Fund (IMF). Prime Minister Golding (pictured),...
ATLANTA (AP) - President Barack Obama's jobs pitch is already playing well with blacks, who had grown plenty irked with him over what they perceived as...
Members of Citizens United to Reduce Electricity (CURE) along with attorney-at-law Hugh Wildman and Senator Dennis Meadows yesterday announced a three-pronged approach to break the monopoly...
South African retailer Woolworths will open 16 new stores in other Africa countries this financial year, it said on Friday, as part of the group’s plan...
The World Bank board of directors has approved a US$100-million loan for Jamaica to support the Government's reform programme to enhance fiscal and debt sustainability.The initiative...
Over the past decade, Africa has grown fast and continuously — its economy expanded at an annual rate of more than 5 percent. That is almost...
Companies in the business of providing infrastructure services for telecom firms will now have to be partly owned by Ghanaians. According to a new directive from...
At 6 years old, he looked around his block in search of something that could be converted into a salable product, and settled on rocks...
President Jacob Zuma (pictured), has encouraged the instrospection of black business organizations, called for non-racial business unity and decried the absence of black industrialists “who own...
When the third China - Caribbean Economic and Trade Cooperation Forum is held in Trinidad and Tobago next week, regional leaders hoping to further cement the...
The World Economic Forum is has flagged security, infrastructure, inefficient resource issues and innovation-lag as main hurdles to the region’s competitiveness.
The battle between state-owned I-Mobile, formerly Antigua Public Utilities Authority (APUA PCS), and Digicel is heating up, less than two months after the re-launch and re-branding...
The passage of the First Supplementary Estimates in Parliament will not guarantee a stamp of approval for the country’s economic programme by the International Monetary Fund...
China and India replace Britain as Kenya’s top sources of foreign direct investment FDI The latest economic data shows that China, India, South Africa, and South...
Economists say the most important part of the jobs plan President Barack Obama will unveil Thursday night is the renewal of two measures already in place,...
The South African government wants police access to the encrypted messenger service on BlackBerry devices. South African officials speaking at a telecommunications conference in London say...
Antigua has become the first CARICOM country to launch the system.
The Nigeria Central Bank governor, Mr. Lamido Sanusi (pictured), has indicated that Nigeria will start holding Chinese yuan as part of its foreign exchange reserves from...
WESTERN BUREAU: JAMAICA LABOUR Party (JLP) Senator Dennis Meadows says serious thought must be given to the appointee who will head the Jamaica Public Service Company...
The African free trade zone is to be launched in three (3) years. African leaders have agreed to launch negotiations on creating a free trade zone...
A Denver-based medical investment company will open a hospital in Barbados in 2013 that it expects to be a center of medical tourism and an attractive...
Less than two years after retiring, Lisa Leslie (pictured), is rejoining the Los Angeles Sparks — as a part-owner. The Sparks announced Friday night the nine-time...
OPINION - What people are learning is that dire circumstances require aggressive action and new ways of thinking...
JOHANNESBURG — A South African legislator says he won’t wear the national Springboks jersey during the Rugby World Cup because the garments were made in China...
Ghana is Africa’s newest crude oil exporter after starting up its offshore Jubilee field, but the country’s sole refinery in Tema (pictured), requires upgrades to be...
The mid-year report says the economy grew 5.9 percent in the first half of 2011.
Venus Williams, who UNESCO recently named global “Promoter of Gender Equality,” did not push her brand to the forefront by being one of those celebrities who...
China is obstructing the release of Libya’s frozen assets, the head of Libya’s National Transitional Council (NTC) Mustafa Abdel Jalil said in a news conference on...
Patrice Motsepe (pictured), mining magnate and joint chairman of the India-South Africa CEOs’ Forum, has ousted steel giant Lakshmi Mittal as South Africa’s wealthiest person. Although...
Minister of Tourism Richard Sealy (pictured), is adamant that the Government made the right decision in helping refinance the now stalled Four Seasons project, despite the...
The Labor Department has released the August jobs report and the unemployment figured was unchanged from July’s 9.1 percent. In addition, the economy added only 17,000...
In less than a month, the sub-region’s first tourism policy will be unveiled.
Nigeria’s Access Bank said on Thursday it will spend 50 billion naira (US$ 320 million) to acquire a 75 percent stake in rescued rival Intercontinental Bank...
Legal team looking into the matter after the airline was forced to lower ticket prices because of stiff competition from CAL.
New tourism products will be developed in the town over the next five years.
The good performance is good news since it signals high investor confidence.
Kenya Airways on Tuesday morning signed a purchase agreement that will see the Kenyan carrier buy up to 26 jets from Brazilian firm Embraer in a...
Officials say services should return to normal by mid-week after several days of cancellations because of aircraft problems.
The Jamaica Public Service Company (JPS) continues to come under fire for saddling the country with high electricity costs which are begining to cripple many businesses....
Jamaicans United for Sustainable Development takes note of the most recent statements on the economy made by Minister Christopher Tufton and Dr Gladstone Hutchinson of the...
South Africa’s government is calling for more guarantees that Walmart’s foray into the country will not hit local suppliers and cause job losses. One minister has...
Create or die. That’s how “digital content architect” Michelle Ferrier dubs her program that brings together journalists, business owners, educators, programmers and the like to conjure...
Jamaica’s Prime Minister Bruce Golding is to make a statement on the matter shortly.
The low-cost carrier gets a third aircraft after three months in the skies.
Nigeria has emerged as the wealthiest country in Africa. As a powerful emerging market in the world economy, it has the billionaires and multi-millionaires to prove...
It’s the second quarter of positive economic growth for the Caribbean country.
The possibility of cutting unprofitable routes was one of the issues discussed further at the latest meeting of LIAT shareholders.
Tiffani Bell Tiffani Bell, 26 is a Howard University trained engineer from North Carolina, who after missing a number of appointments with her hair stylist was...
The Jamaica Money Market Brokers (JMMB) has revealed plans to make another play for securities business in Trinidad, a market it exited three years ago in...
Nigerian President Goodluck Jonathan announced on Tuesday a new state company that will guarantee to pay for power generated in Africa’s most populous nation, potentially opening...
“Landline, Internet, Mobile, Entertainment” (LIME), the Caribbean business of Cable and Wireless Communications, has begun a project to improve education across the Caribbean, creating a new...
The Nigerian naira fell to its weakest in almost two months against the U.S. dollar on the interbank market on Monday after the central bank removed...
Barbados Minister of Finance Christopher Sinckler (pictured), delivered no major surprises in his second budget presentation, coming only nine months since the first in November, 2010....
The new code, which should be in place by next year, will be vigorously enforced, says the State Minister with responsibility for Local Government.
Sammy Maina says the ten years he spent in the US would have been more profitable at home in Africa (Courtesy: BBC) The American dream is...
The president next month plans to unveil a job creation package, looking to address the top concern on Americans’ minds. Though details remain scarce, some of...
iCow, a voice-based WAP enabled application, helps farmers track livestock while giving them tips on breeding. On a typical day, Susan Wanjiru checks and replies to...
The Trinidad Cement Limited (TCL) Group has entered into a long-term agreement with the Win Group of Haiti for the establishment and operation of a cement...
theGRIO REPORT - On Thursday, the Congressional Black Caucus takes its "For the People" Jobs Initiative to Atlanta, Georgia hosting a job fair and town hall.
Linda Hayes founded the investment club to empower its residents to take control of their own destinies The newly formed Southern Communities Investment Club (SCIC) has...
Government has signed the divestment agreement with COMPLANT International Sugar Company, a wholly-owned company of the Chinese government.
But the increase in VAT and other measures from the 2010 Budget have not been rolled back either. Tourism and business are among the sectors that...
Nigeria’s headline inflation unexpectedly fell in July, data showed, reaching its lowest level for more than three years following an aggressive period of monetary tightening by...
Well-placed Government sources have indicated that some US$82 million dollars is to be cut from the national budget. The Cabinet yesterday held discussions on the Supplementary...
If there is once certainty Minister of Finance Chris Sinckler (pictured), will pull from his Budget ‘black box’ it will be another round of Government belt-tightening...
The door to corporate growth in Africa is wide open and steadily bringing in financial saavy takers. Wal-Mart has laid its claims in South Africa, but...
South Africa’s MTN Group said it will roll out Opera Software’s mobile browser in Africa and the Middle East, to offer faster web access in countries...
CHICAGO - This news comes after the announcement that both publications' circulation has been outsourced to New York firm Shain & Oringer...
ABUJA, Nigeria — A government agency says Nigeria could lose more than $3 billion from its annual share of oil revenues if proposed laws are passed...
Government has decided to bring the CARICOM/Costa Rica Free Trade Agreement into full force.
Tanzania‘s mobile phone subscribers rose 20 percent to 21 million last year, but low tariffs due to a vicious price war are expected to diminish the...
Digicel Guyana said that it welcomes the Government’s plans to imminently bring an end to what it called the outdated monopoly regime for international calls in...
Starfish Mobile was formed in 2002 in South Africa to provide mobile content aimed at mobile subscribers. Since then, the company has expended operational activities in...
Since the beginning of the recession entrepreneurism has been on the rise as more and more people tire of endless job searches that yield few results,...
In late 2006, entrepreneur David O’Halloran, along with three former colleagues, rejuvenated a business development consultancy called BusinessMinds by turning it into an incubator company that...
The twin-island republic has been approached by several Caribbean countries to help them with a food card programme.
The answer is that the Urban League is utterly dependent on the generosity of corporate donors, and Bill Gates is potentially among the biggest...
South African-based Standard Bank today said it would halve capital allocated to its non-African business as global regulatory changes make some business lines uneconomical. The move...
ADDIS ABABA, Ethiopia — A Heineken official says the Netherlands-based company has signed a deal to buy two state-owned Ethiopian breweries. Tom de Man, Heineken president...
The Jamaica government has set aside more money to expand and modernize the sugar industry.
The agreement was negotiated within the context of a previously approved Open Skies Policy.
Trinidad and Tobago’s Finance Minister says government will keep its promise to roll back property tax legislation introduced by the previous administration.
The UK airline says routes to the Caribbean made a significant contribution to boosting revenues and profits.
West Indies Power will be drilling to explore the nature of geothermal energy reserves in the southwest of the island.
Low cost intraregional carrier REDjet has started discussions with an airline in Central America and several regional governments to create a new air service link with...
The west’s warnings over China’s involvement in Africa are growing in volume. US Secretary of State Hillary Clinton has described Chinese movements on the continent as...
North Sudan has granted its main ally and oil buyer China more oil exploration rights as both countries seek to boost ties, Sudan’s foreign minister said....
Leeward Islands Air Transport (LIAT) will be re-introducing a fuel surcharge on tickets from Monday. Announcing the decision today, Corporate Communications Manager Desmond Brown (pictured), said...
Seawolf Oilfield Services CEO Adolor Uwamu – coutersy of CNN Nigeria is Africa’s top oil producer, with exports worth $59 billion last year, but the industry...
A Caribbean Airlines plane, carrying the same flight number as the one that crash landed in Guyana a week ago, has been grounded A Caribbean Airlines...
It has now been four months since the conclusion of the two-round presidential and legislative national election in Haiti. The presidential winner, Michel Martelly (pictured), has...
Ghana has been selected as the Fourth Best Investment Destination in 2011 in Africa by the international investor community, Ghana Investment Promotion Center (GIPC) CEO Mr....
Tens of thousands of teachers across the country will get smartphones to improve communication and technology awareness.
The country has to reduce expenditure in order to meet targets under its IMF loan arrangement.
Now that the Barbados-carrier has permission to fly to two more countries from Trinidad, it has promised that the public will hear today what the schedules...
U.S. President Barack Obama speaks about military veterans entering the workforce at the Washington Navy Yard in Washington, August 5, 2011.Credit: Reuters/Larry Downing With every gloomy...
The debt crises in Europe and the United States could tempt African countries to throw fiscal caution to the wind, threatening hard-won economic gains just as...
REDjet, the Barbados-based discount airline, is to begin flights into St Lucia from as early as October, Tourism and Civil Aviation Minister Senator Allen Chastanet announced...
Street literature, officially recognized as urban fiction, has evolved into a permanent part of American literature. With the success of street literature, many African-American authors have...
Media around the world have been reporting on a recent African Development Bank study claiming that Africa has a new middle class of 313 million, a...
Government plans to double the number of jobs for Jamaicans in the information and communications technology sector.
But the dispute over overtime pay and meal allowances that workers claim is owed since 1983 has still not been settled.
WASHINGTON (AP) - Hiring picked up slightly in the U.S. in July and the unemployment rate dipped to 9.1 percent, an optimistic sign after the worst...
OPINION - Employment advocates maintain that unemployment discrimination could be illegal if there is a disparate impact on groups such as blacks, Latinos, women and the...
Jamaica Ethanol Processing has shut down its ethanol plant and terminated 31 jobs after 26 years in the business. The move was completed last week after...
JOHANNESBURG — A new report predicts a sub-Saharan banking boom, with bankers reaching out to the majority of Africans who do not have accounts and increasing...
The court gives the nod for First Jamaica Investments Limited to merge with Pan Jamaican Investment Trust Limited.
The Finance Minister gives that assurance as two IMF reviews have been postponed pending the resolution of certain issues.
The Jamaican official says he wants to investigate whether it was a legitimate move by the government to scrap the industry altogether.
The seasonal service could become a permanent fixture for the twin-island federation if all goes well.
Guyana has unveiled a draft legal framework that is designed to help open, liberialise and make the telecommunications sector more competitive.
China and India, Asia’s two emerging powerhouses, have made no secret of their desire to engage with resource-rich Africa as they seek new economic partnerships to...
British court rules that Bodo community can seek compensation from Dutch oil giant after oil spills devastate area.
Learn from these business leaders how to take charge at an early age and change the game. Today, young people are making moves sooner than previous...
How to make money from movies online is a question vexing studio executives the world over. But a Nigerian tech entrepreneur claims to have the answer,...
The Antigua-based airline has announced that it is moving towards the introduction of new pension plan arrangements for employees, but the pilots’ union say the proposal...
A UNIVERSITY of Technology lecturer has urged caution on any possible move to liberalise the distribution of energy. Darron Thomas, a specialist in competition in markets,...
“If Africa misses the current global IT boat, there may never again be an opportunity for rapid wealth creation on the continent.” This call to action...
JOHANNESBURG — Union officials say South African gold miners will return to work this evening after ending a five-day strike. Spokesman Lesiba Seshoka says the mining...
THE JAMAICA Public Service Company (JPS) says it is moving with dispatch to regularise 106,000 households stealing electricity from its power lines. The utility company has...
Trinidad and Tobago’s Prime Minister says the accident could have repercussions for tourism-dependent economies in the region.
Less than 48 hours after Caribbean Airlines celebrated the newest Boeing 737-800 to its fleet, their happiness turned to tragedy with the crash of one of...
Deal agreed with automakers requires cars and light trucks to average 54.5mpg by 2025 in bid to wean the country off oil imports. Barack Obama’s announcement...
As we approach D-day, no agreement is in sight to extend America’s credit line. A default in servicing US debt has moved from the unthinkable to...
THE BAHAMAS has banned the export of scrap metal for at least three months as copper theft cases continue to increase.The government said in a statement...
Based on the racial divide in the economic gap, a lot has to be done to rebuild our buying power We have fallen to the back...
The villagers’ faces light up as Evans Wadongo (pictured) arrives. Men, women and children sing and gather around as he shows how his invention, a solar-powered...
ACCUSING THE People's National Party (PNP) of carrying out a campaign to derail Chinese investments amounting to more than US$1 billion in Jamaica, the Bruce Golding-led...
France Telecom’s Orange mobile unit is teaming up with Google to offer SMS-based chat in Africa, Orange said in a statement on Wednesday, targeting the fast...
The US$90 million in grants will provide support for jobs and investment in northern region and expansion of access to electricity.
President Michel Martelly's housing and education plans get backing from the regional grouping.
The ban follows widespread metal theft over the past three years.
How an unconventional business put two brothers on the right track For brothers Jamon and Taj Jones, entrepreneurship is in the blood. “Our grandfather started a...
Nigeria’s central bank raised its benchmark interest rate by a bigger-than-expected 75 basis points to 8.75 percent on Tuesday, the fourth increase this year in a...
The Eastern Caribbean Central Bank (ECCB) has taken over a second bank in Antigua and Barbuda to prevent it from collapse, after it failed to meet...
The wealth gap in the United States has grown wider in the wake of the Great Recession, with black and Hispanic American households faring much worse...
The Huffington Post recently put together an impressive list of Women in technology you Need to Follow on Twitter, showcasing some of the most dynamic women...
Across the Middle East and North Africa, superficial political calm has been shattered by convulsions of rage. Idealistic young protesters have toppled some of the most...
Executives Without Borders launches a recycling programme to provide much-needed jobs for thousands of Haitians.
The Finance Minister says the offer was extended to the Asian country during a recent meeting with officials there.
Regional travellers will hear about new routes in a couple days.
Across Africa, free trade zones are being set up between countries and even at individual locations. They claim to offer a cheaper and easier way to...
Patrice Motsepe (who was born in 1962), is a South African mining magnate. Motsepe is the Executive Chairman of African Rainbow Minerals Limited, ARM, a leading,...
DESPITE PROTESTING the doubling of the tourism enhancement-fee head tax, the parliamentary Opposition this week refused to vote against the measure in the House of Representatives.
South Africa’s power utility Eskom on Friday increased its wage offer to unionised workers, trying to head off a strike that could cut power to Africa’s...
One businessman and environmental enthusiast is urging the Barbados Light and Power Company(BL&P) to lead the way in importing solar panels for the use of its...
To a cheering crowd of Quicken Loans employees and other supporters, Earvin (Magic) Johnson announced Thursday that he’s joining Quicken Chairman Dan Gilbert’s venture capital fund...
Tata Motors today announced opening of its US$16-million commercial vehicles assembly plant at Rosslyn in South Africa to bolster its presence in the market. “With a...
Cabinet approves an agreement for testing and research of a new solar technology.
The 15-member regional grouping demands a halt to the passage of hazardous waste through the Caribbean Sea as another shipment is set to be transported.
CLICO and British American Insurance Company investors warn the Prime Minister and Finance Minister in Barbados that continued disrespect will lead to action, “the likes of...
The China Africa Business Forum will be held at the Gallagher Convention Centre in Johannesburg, South Africa on 20 October 2011. The forum will host trade...
Brazil’s Embraer sees Africa as a major growth market and targets doubling the number of its jets operating on the continent, a top executive at the...
IBM CEO Candidate Talks About His Rise Rodney C. Adkins oversees 50,000 employees and is responsible for $18 billion in revenue as senior vice president and...
Government has approved sale of the JPS shares to Korea East-West Power Company Limited.
There will be no summer flights as regional travellers were hoping.
The National Black Chamber of Commerce (NBCC) opens its 19th annual conference here in Miami on July 21. The theme “Making the World Business Friendly” is...
Low-budget carrier REDjet yesterday opened bookings for flights in and out of Trinidad and Tobago with 37,000 flights at US$9.99, in time for people from the...
In March this year, Forbes published its annual rankings of the world’s richest people. Mike Adenuga, who debuted on the list, was ranked as the second...
Proposals are now to be put to Cabinet on the way forward for the industry.
Although making it clear she won’t be negotiating with the unions who want more money for public workers, Prime Minister Kamla Persad Bissessar agrees to meet...
Nigeria’s Afribank has called off deal talks with Vine Capital over doubts the private equity firm has the ability to raise the necessary funds to recapitalize...
Loop Capital beats out big-name investment banks to land largest minority-led underwriting deal in recent New York City history It was a collapse of epic proportions....
WESTERN BUREAU: Air Jamaica is to resume service to Chicago from Montego Bay in November. The Lovebird will also be flying to Orlando, Florida, via Port-of-Spain,...
With Cameroon set to start exporting billion-dollar uranium deposits from next year, environmental concerns over the mining area are already rearing their head. Exploration by Canadian-registered...
David Cameron: Free trade in Africa shows a way out of poverty Fifty years ago, per capita gross domestic product (GDP) in South Korea was twice...
The Caribbean Association of Indigenous Bankers ( CAIB) is calling for the implementation of a centralised Caribbean credit bureau that in effect will be the main...
With gold prices at an all-time high and expected to rise further, isn’t it time you start profiting off the precious commodity? One way to do...
Employers in South Africa’s fuel industry are meeting with unions on Monday in a bid to end a week-long strike that has left hundreds of fuel...
The new Transport Minister confirms that REDjet now has clearance to fly to Trinidad.
WASHINGTON (AP) - President Obama and lawmakers pushed separate plans to avert an unprecedented default on America's national debt, with no signs of an immediate breakthrough...
Nigeria’s crude oil export has recorded a major boost as Shell Petroleum Development Company (SPDC) has lifted force majeure on about 300,000 barrels per day of...
For Katrina Harrell, helping small-business owners manage their books is adding up to a successful business of her own. Katrina Harrell has always had a head...
The leak at the site of an old gold mine in the south of the island has been contained and authorities say it poses no human...
The wider Latin America and Caribbean region will see 4.7 percent economic growth.
A Parliamentary Committee has been set up to examine the proposals that are supposed to take effect next January.
Jamaican authorities will say within the next two weeks whether the takeover of Claro by Digicel will get the green light.
By Kam Williams: Black News Dr. Randal Pinkett has established himself as an entrepreneur, speaker, author and scholar, and as a leading voice for his generation...
In the 1940s, African-American psychologists Kenneth Bancroft Clark and his wife, Mamie Phillps Clark, designed a test known as the “doll test” to see how children...
German Chancellor Angela Merkel urged Kenya on Tuesday to step up its fight against graft to help lure investment from her country, which is seeking to...
The airline’s management and unions have reached agreement on the month-end closure of the offices all across the region.
The Auditor General reports poor management and political interference in the government’s procurement practices.
A Senate committee has been set up to look at breaking the monopoly held by the Jamaica Public Service Company.
Oprah Winfrey will become CEO title of OWN: the Oprah Winfrey Network, her cable network joint venture with Discovery Communications, the Wall Street Journal reports...
Africa optimism rising Africa offers among the world’s best investment prospects as emerging markets grow ever more important, although its economies risk being destabilized by the...
A branch of Ecobank in Nairobi, Kenya. As the aircraft floats across the landscape of West Africa, one notices ruler-straight earth roads stretching as far as...