Category Archives: Business

16Feb/15

LG Electronics takes fight with Samsung over washer damage to YouTube

Footage from surveillance cameras show South Korea’s LG Electronics executive Jo Seong-jin , who has been indicted on a charge of damaging washing machines of Samsung Electronics, touring a Samsung exhibit at a shop in Berlin.
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16Feb/15

Kenyan broadcasters off air in digital migration stand-off with government

Kenyan television broadcasters go on nationwide black out to protest the mandatory move to digital transmission from analogue, saying the process of issuing broadcast signal broadcast licences was flawed and unfair, and that they want to broadcast digital signals on their own platforms.
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14Feb/15

Small businesses in Equatorial Guinea count their profits after AFCON

Juan Obama won the African Cup of Nations in Equatorial Guinea this month, not as a player for the champions Ivory Coast, but as a Taxi driver. Juan had his busiest and most profitable month ever.
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13Feb/15

Africa’s largest economies feel the heat

(BVO) – South Africa’s parliament descends into chaos.

Protesters stormed the building, demanding President Jacob Zuma pay back some of the taxpayers’ funds used for a $23 million upgrade of his rural home.

It’s been a turbulent time for the economy, too.
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10Feb/15

Somalian lifeline cut off by suspension of remittance services

Somalia-Remittances

China Central Television (CCTV)

Most of the major U.S. banks have ended remittance services to Somalis after new regulations were passed to stop money from getting into the hands of terrorists such as Somalia’s Al Shabaab. However, funds sent back home to Somalia are crucial for many families and businesses in a country that lacks a proper financial system from years of fighting.
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