Business

Two local banks in Ghana, Capital Bank and UT Bank have had their licenses revoked by the country’s central bank over lack of funds.

Congo has reinstated a value added tax on mining company imports, the chamber of mines said on Saturday, part of what miners say is a deteriorating business climate in the country.

Rwanda will sell a five-year Treasury bond worth 10 billion francs ($12.12 million) this month to fund infrastructure projects, the central bank said on its website.

Travis Kalanick, the former Uber chief executive who was ousted in June, is being sued by one of the company's biggest investors.

The International Monetary Fund (IMF) has revised Botswana's 2017 and 2018 economic growth forecast due to rising diamond demand, investment in the water and power sector and reforms to attract investment.

Egypt's official statistics agency says the country's inflation rate has jumped to 33% in July - up from 29.8% in June.

Toshiba has met a deadline to report its long-awaited earnings results, reducing the risk that the firm will be delisted from the Tokyo Stock Exchange.

Social media giant Facebook has made a move into dedicated video, pitting it against YouTube and TV networks. Users will soon see a new Watch tab that will offer a range of shows, some of which have been funded by the social network.

The biggest brand discusses trends and where the motoring landscape in South Africa is shaping into the future. If you want to know what the South African motoring landscape might look like in 20 years from now, it makes sense to ask the biggest stakeholder. In the case of all things wheels in Mzansi, that’s Toyota. 

A.P. Moller Holding, which controls Danish shipping giant A.P. Moller-Maersk, said Wednesday it has launched a new fund that will invest in infrastructure in Africa.