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BUSINESS

GE to cut 12,000 positions in power unit

Embattled industrial giant General Electric announced Thursday it would cut approximately 12,000 blue collar and white collar jobs in its GE Power unit in a bid to cut costs. “The headcount…

Discos set to deploy meter bypass trackers

Power consumers who bypass their meters may start facing sanctions by paying penalties as soon as electricity distribution companies have commenced the deployment of meter bypass tracking equipment in…

UK to help stabilize Zimbabwe’s currency

Britain could take steps to stabilize Zimbabwe’s currency system and extend a bridging loan to help it clear World Bank and African Development Bank arrears. Foreign Secretary Boris Johnson said on…

AfDB to create 25m jobs for African youths

The President, African Development Bank Group (AfDB), Dr. Akinwumi Adesina, has launched the Presidential Youth Advisory Group (PYAG), an initiative that will create 25 million jobs. PYAG, launched on…