Business

French investment bank BNP Paribas has been accused of genocide, crimes against humanity and war crimes related to the mass slaughter in 1994 that claimed more than 800,000 lives.Reuters reports that three non-government organisations (NGOs) have filed a lawsuit in Paris against BNP Paribas, alleging that it knowingly approved a transfer of $1.3m from the Rwandan central bank to an arms dealer during the genocide.

President of the African Development Bank Dr Akinwumi Adesina has been awarded with the World Food Prize for helping Africa get it right in agriculture and making it a key player of securing food for the world. The World Food Prize board chose Adesina this year for the $250,000 prize, highlighting his role in improving the availability of seed, fertilizer and financing for African farmers, and for laying the foundations for the youth in Africa to engage in agriculture as a profitable business."

AngloGold Ashanti is considering laying off 8,500 workers, some 30 percent of its workforce, Africa's biggest gold miner said on Wednesday, as it looks...

Ghana's government has asked the International Monetary Fund to push back the end date of its $918 million aid programme from April 2018 to...

Executives at crisis-hit Toshiba faced hundreds of angry shareholders Wednesday as the firm announced it has not yet clinched a deal to sell its...

Cellulant, a Pan-African FinTech Company headquartered in Nairobi, has signed a partnership agreement with the Kenya Trade Expo Ghana 2017 during a ministerial visit...

Zimbabwe, Namibia and Botswana on Tuesday suspended poultry imports from South Africa with immediate effect following outbreaks of highly contagious H5N8 bird flu.South Africa...

Kenya has withdrawn a proposed ban on used clothes by the East African regional bloc after threats by the United States to review trade...

Google has been fined 2.42bn euros ($2.7bn; £2.1bn) by the European Commission after it ruled the company had abused its power by promoting its own shopping comparison service at the top of search results.The amount is the regulator's largest penalty to date against a company accused of distorting the market.The ruling also orders Google to end its anti-competitive practices within 90 days or face a further penalty.The US firm said it may appeal.

US firm Black Star Holding Limited (BSHL), a wholly owned subsidiary of LeapFrog Strategic African Investment (LSAI), has acquired the minority shareholder in three subsidiaries of Enterprise Group in GhanaThe three subsidiaries are Enterprise Life, Enterprise Insurance and Enterprise Trustees.BSHL takes over the ownership which hitherto belonged to Sanlam Emerging Market Proprietary Limited of South Africa (Sanlam).