Business

Two senior executives of a collapsed peer-to-peer lender were sentenced to life in prison and 24 others punished over what has been called China's biggest-ever Ponzi scheme, state media reported Tuesday.

Zimbabwe produced enough food to feed its people for the first time since adopting a controversial policy to strip land from white farmers, President Robert Mugabe told parliament on Tuesday.

Apple Inc on Tuesday rolled out its much-anticipated iPhone X, a glass and stainless steel device with an edge-to-edge display that Chief Executive Tim Cook called “the biggest leap forward since the original iPhone.”

Volkswagen, the world's biggest carmaker, will offer an electric version of all its 300 models by 2030, becoming the latest manufacturer to move away from petrol and diesel.

Tanzania said on Saturday it planned to nationalise diamonds whose value it put at $29.5 million belonging to a mine majority owned by London-listed Petra Diamonds after it accused the miner of under-declaring its mineral exports.

Zambia has awarded a Chinese firm a $1.2 billion contract to expand part of a key road linking Zambia to the Democratic Republic of Congo and southern African neighbors, President Edgar Lungu said on Friday.

Taxi drivers in South Africa on Thursday clashed with their colleagues driving Uber vehicles in the country’s major business district of Sandton near the Gautrain station, resulting in the destruction of three vehicles.

A Tanzanian minister, George Simbachawene on Thursday resigned following the outcome of an investigation into a diamond mining contracted awarded to Petra Diamonds Ltd.

The President of Tanzania John Magufuli has ordered the resignation of senior public officials in his country following a probe into a mining contract awarded to Petra Diamonds Ltd.

South African retailer Shoprite has been fined 1 million rand ($77,500) for failing to assess properly whether consumers could afford its loans, the National Consumer Tribunal said on Wednesday.