Business

Officials within Kenya's government have said that the country is "broke" and lacks needed funds for developmental projects.

U.S. Secretary of State Rex Tillerson on Thursday told African countries to be careful with Chinese loans and weigh them carefully.

Democratic Republic of Congo President Joseph Kabila will soon sign into law a new mining code, the government and the country’s mining companies said on Wednesday. The code has been vigorously opposed by the miners.

Coca-Cola is planning to produce an alcoholic drink for the first time in the company's 125-year history - with an alcopop-style product in Japan.

Zimbabwe has become the latest country to tighten its borders following the outbreak of the deadly Listeria disease detected in meats sold in South Africa.

South Africans were told on Sunday not to consume ready-to-eat processed meat as the government identified the source of a listeria outbreak that has killed 180 people as a cold meat product made by the country’s biggest consumer foods group.

Ghana must legislate new measures to boost revenues by at least 0.5 percent of Gross Domestic Product (GDP) before the International Monetary Fund (IMF) reviews a $918 million credit deal next month, the Fund has said.

Barclays Africa Group Limited, one of the largest banking groups in Africa, is set to change its name to Absa Group Ltd subject to shareholder and regulatory approval.

Confidence in South Africa’s economy will get a boost after Monday’s cabinet reshuffle by President Cyril Ramaphosa returned trusted hands to crucial budget-related ministries, a Reuters poll showed on Thursday.

US cable TV giant Comcast has made a £22.1bn bid for Sky, challenging an existing offer from 21st Century Fox.