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Latest African business news, latest breaking news from Africa.
AfDB, Islamic Development Bank sign new US $ 2 billion deal
The African Development Bank (AfDB) and the Islamic Development Bank (IsDB) have signed a landmark agreement to strengthen partnership at country level.Both parties have...
Air Zimbabwe lays off half of its workforce
Zimbabwe's state-owned airline has laid off 200 workers, roughly half of its staff, with immediate effect.
The job losses are part of a turnaround strategy...
AfDB approves US$1 million grant for Kenya drought victims
The Board of Directors of the African Development Bank Group (AfDB) has approved a US$ 1 million Emergency Humanitarian Assistance to people affected by...
Togo to co-host the 2017 AGOA forum with the U.S
The United States and Togo will co-host the African Growth and Opportunity Act (AGOA) Forum in Lome, Togo from Aug. 8-10.The Forum will bring...
Namibia’s central bank cuts 2017 growth outlook
Namibia's central bank lowered its 2017 growth forecast to 2.1 percent from its previous view of 2.9 percent, citing uncertainty around the pace of...
Boeing up for $294 mln deal with Algeria’s Tassili Airlines
Algeria's Tassili Airlines (TA) signed a draft deal on Sunday worth $294 million with U.S. planemaker Boeing for three 737-800 aircraft, Algeria's state news...
Controversial tax splits Business Groups in Ghana
Business Groups in Ghana are sharply divided over the implementation of a controversial 3 percent Value Added Tax (VAT) Rate.The reintroduction of the rate...
Gambia ends talks with African Petroleum
Gambia has ended talks with African Petroleum to extend oil exploration in two of the West African country's most promising offshore blocks and is...
Tanzania suspends new mining licenses
Tanzania's President John Magufuli has ordered the suspension of new mining licenses.The announcement was made in a statement from State House.It also says that...
Côte d’Ivoire to host African Green Revolution Forum in September
The role of agriculture in diversification of African Economies will be the major highlight of this year’s African Green Revolution Forum in September.The five...
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