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Latest African business news, latest breaking news from Africa.
Equatorial Guinea demands €73m from Total over ‘fraud’
Equatorial Guinea said on Monday it has demanded €73 million from French oil giant Total over "fraud" in fuel sales made between 2010 and 2012.
Congo bans import of key consumer goods
Authorities have banned imports of several popular consumer products in the west of the Democratic Republic of Congo for six months to fight smuggling, Trade Minister Jean-Lucien Busa said on Monday.
2 miners die in South Africa’s Harmony Gold mine
Two miners at a South African gold mine owned by Harmony Gold have died after they were trapped underground following an earth tremor, the company said on Sunday.
Zimbabwe to cull half a million birds due to avian flu
Zimbabwe is set to cull more than half a million chickens affected by the highly pathogenic strain H5N8 at a farm in Harare.
Samsung heir Jae-yong jailed for corruption
A court in South Korea has sentenced Samsung's billionaire heir-apparent Lee Jae-yong to five years in prison for corruption.
SA considers Telkom stake sale to fund SAA bailout
South Africa is considering selling its stake in landline provider Telkom to fund a 10 billion rand ($757 million) bailout of South African Airways (SAA), a Treasury spokesman said on Wednesday.
Dangote signs $450m sugar deal with Niger state
Dangote Group of Companies has signed a $450 million Memorandum of Understanding (MoU) with Niger State government to develop an integrated sugar industry in Lavun.
Walmart and Google to offer voice-enabled shopping
Corporate giants Walmart and Google are teaming up to enter the voice-shopping market, currently dominated by Amazon.
Mozambique to invest mineral sales income
Mozambique's government plans to set up a sovereign investment fund where taxes paid on sales of the country's minerals will be used to finance development projects, state-run AIM news agency said on Monday quoting the finance minister.
South Africa: Zuma signs financial regulation act into law
South African President Jacob Zuma on Monday signed in to law the Financial Sector Regulation Act, know as "Twin Peaks", which will establish a prudential regulator and a separate, dedicated market conduct regulator.
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