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SEC cautions investors against  Converged Dynamic International Limited

SEC cautions investors against Converged Dynamic International Limited

Abuja – The Securities and Exchange Commission (SEC) has cautioned investors in Nigeria against transacting business with Converged Dynamic International Limited allegedly engaging in illegal practice. In a statement by SEC on Thursday in Abuja it stated that the company is an unregistered firm dealing in a product tagged “Resources Investment Account,” offering interest rates […]

Ethiopia launches Africa’s 1st electric rail

Ethiopia launches Africa’s 1st electric rail

Ethiopia will on Wednesday launch Africa’s first modern electrified railway line. Built by China, the rail line links the Ethiopian capital , Addis Ababa with the port of Djibouti. The full length of the railway is 752.7 kilometers, with a designed speed of 120 km per hour. With a total investment of 4 billion U.S. dollars, it is was built by China Railway Group and the China Civil Engineering Construction Corporation.