BERLIN (DPA, CONVERSEER) – United States carmaker Ford is facing a bleak future in Europe, an industry expert has said. “The situation is bad and the prospects are even worse,” said Ferdinand Dudenhöffer, director of the Bochum-based Centre Automotive Research. “Ford is too small in the passenger car sector to be able to operate profitably…
ABIDJAN (CONVERSEER) – The Ivorian president Alassane Ouattara is hosting Senegalese Head of State Bassirou Diomaye Faye as he participates in the Africa CEO Forum in Abidjan. President Bassirou Diomaye Faye left Dakar on Sunday morning for Abidjan to attend the forum, scheduled for May 11 and 12, 2025. Upon his arrival, the Senegalese leader…
SOKODÉ (CONVERSEER) – The Togolese government is set to receive €26.5 million in financing from the African Development Bank (AfDB) for the construction of a 62-megawatt-peak solar photovoltaic power plant in Sokodé, central part of the country. Estimated at €61 million, the project will also benefit from support by Proparco, a subsidiary of the French…
ABUJA (CONVERSEER) – Five years after misplacing a passenger’s luggage, Max Air Limited has finally paid N10 million in compensation to Usani Odum, a legal practitioner, following a Federal High Court judgment that found the airline liable for negligence. The court, in suit number FHC/ABJ/CS/909/2020, ruled in December 2024 that Max Air had failed to…
ACCRA (CONVERSEER) – The Government of Ghana has inaugurated a 10-member task force to oversee the establishment of a new National Airline. The task force is mandate to finalise the business model and operational framework for the national airline, oordinate engagements with potential strategic and technical partners, and overseeing regulatory compliance and certification processes. It…
Katherina Reiche on Friday called for the rapid construction of new gas-fired power plants in the country to support the country’s energy supply when renewable sources are unavailable. By Marco Hadem, dpa “We need flexible gas-fired power plants that can supply electricity when the wind isn’t blowing and the sun isn’t shining. And we need…
FRANKFURT – German police on Friday said they had shut down a major online platform for cryptocurrency exchanges, seizing €34 million ($38 million) in assets. The eXch platform was taken down in late April, according to a statement from the Federal Criminal Police Office (BKA) and the Frankfurt prosecutor’s office. Authorities confiscated €34 million in cryptocurrencies…
German health-care company Fresenius SE reported higher adjusted profit and revenues in the first quarter compared to the same period of the previous year, excluding Fresenius Medical Care.
German carmaker BMW reported a 26.4% drop in first-quarter net profit to €2.2 billion ($2.5 billion), as weak demand in China weighed on earnings.
ABUJA — The Federal Government has announced plans to gradually eliminate electricity subsidies, citing the unsustainable financial burden on the nation’s economy. Minister of Power Adebayo Adelabu made this known during a strategic meeting with chairmen of Nigeria’s power generation companies (Gencos) held in Abuja. Adelabu warned that the Nigerian economy can no longer sustain…