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Latest African business news, latest breaking news from Africa.
Africa records high remittances in 2017 – World Bank
Remittances to low- and middle-income countries rebounded to a record level in 2017 after two consecutive years of decline, says the World Bank’s latest Migration and Development Brief.
SA’s trade union to embark on strike over minimum wage
The South African Federation of Trade Unions (Saftu) on Monday announced it will embark on a general strike over what it terms "the biggest attacks on working-class people, trade unions and the poor" since the end of apartheid.
Mugabe summoned over missing diamond Revenue
The former president of Zimbabwe, Robert Mugabe has been summoned by the country’s parliament to testify in an ongoing investigation into missing revenue from diamond mining.
Ghana rejects UN’s assessment of its poverty reduction programs
Ghana has rejected an assessment made by the UN about its poverty reduction programs describing it as “uninformed” while highlighting its commitment to uplifting the living conditions of its people.
U.N questions Ghana’s poverty eradication programs
The United Nations has cast doubt over many of Ghana’s social intervention programs aimed at eradicating extreme poverty in the West African nation.
Ethiopia: Air traffic controllers on strike, flights grounded
Dozens of flights from Ethiopia's capital, Addis Ababa have been delayed after air traffic controllers went on strike. It’s not clear yet why the workers have downed their tools.
Facebook facial recognition faces class-action suit
Facebook must face a class action lawsuit over its use of facial recognition technology, a California judge has ruled.
Uganda to invest $6.5m in car making project
Uganda has committed nearly Ush24 billion ($6.5 million) in this year’s budget to put the first fully Ugandan-made car on the road. This is part of an expected total spend of Ush145 billion ($39.8 million) over four years, from 2018 to 2022.
Uganda to tax social media users from July
The government of Uganda has announced plans to begin taxing its citizens who use social media as part of efforts to raise revenue.
Chinese company produces fake bottled water in Zambia
A Chinese-owned company called Simuliya has been accused of producing fake mineral water for various bottling companies in Zambia.
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