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.
Top high technology investors have doled out $90 million to Lilium, a German start-up with Silicon Valley-scale ambitions to develop a 5-passenger “flying taxi”.
African Petroleum Corp plans to go to court to resolve its dispute with Gambia, the Norwegian-listed company said on Monday, after the government stripped it of its rights to explore for oil in two offshore areas.
The government of Uganda has initiated moves to have plastic bag manufacturers in Kenya relocate to the country's capital, Kampala after Kenya begun enforcing a ban on the product.
