Business

China is to provide Guinea with a loan of $20 billion with an agreement reached 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.

Russian exploration company Rosgeo will drill for gas off the southern coast of South Africa under a $400 million deal with PetroSA to help build the African country’s reserves.

Gold miner Avocet Mining Plc said on Monday it will consider filing for insolvency of its subsidiary Societe des Mines de Belahouro (SMB), which operates the Inata gold mine in Burkina Faso, after the unit’s standstill agreement with its creditors expired.

Africa’s two biggest economies likely emerged from recession in the second quarter but strong growth won’t show up until business confidence is restored, a Reuters poll suggested on Friday.

Britain is to halve the amount of money it gives in humanitarian aid to Nigeria over the next few years, says the international development minister.

Germany’s Allianz plans to pay $35 million for 98 percent stake in Nigerian insurer Ensure Insurance in a push for growth in Africa, where many people are uninsured.

South Africa will press the newly-elected Angolan government to pay 850 million rand ($66 million) it owes struggling South African Airways (SAA), the finance minister said on Tuesday.