Was. Called. Arrested for corruption we are. Actually the way forward to solve africas energy crisis. Production instead of 20000000. 00. Backers. And french president obama travels to west africa to discuss the future of the save our currency. Should it. Come to business. Africa your updates on todays african and Global Business news here on the us welcome. South African Police have arrested 2 former executive at embattled power utility eskom theyre charged with fraud corruption and Money Laundering in connection with new power plants that are supposed to alleviate the countrys electricity problems south africas grid nearly collapsed in 2008 and eskom has had to enforce rolling blackouts ever since in a bid to relieve pressure it is causing chaos for the country and the economy the contracts involved in the allegations are worth around 50000000. 00. But africa has the worlds slowest electrification rate in an unstable pas applies constantly hampering businesses all over the continent
A large number these 8 percent are concentrated on the german Manufacturing Industry and this industry is in trouble at the moment it is basically in a recession for one and a half years now that is to say that production is shrinking that new incoming orders are shrinking so this part of the German Economy is not doing well at all is that all down to the to the trade war the insecurity about breaks it or the other reasons as well. This is definitely one of the main reasons the breaks it the uncertainty surrounding the breaks and the uncertainty surrounding the trade war this has had an impact on the Global Industrial cycle and germany is a very important part of that industrial cycle but there are also difficulties currently in the german Automotive Industry which is you know transforming its production from the from the combustion engines to the electrical electric motors that this is currently also. Having big problems at the German Economy on the other hand there seems to be some o
Mittel spa reported Wednesday that it closed 2023 with a net profit of EUR50.5 million, up from EUR651,000 a year earlier. The figure incorporates the effects of the completion of the Zaffiro group.
Thai Court Acquits Myanmar Arms Dealer of Drug Trafficking, Money Laundering irrawaddy.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from irrawaddy.com Daily Mail and Mail on Sunday newspapers.