Business

Two years ago, world leaders convened in Addis Ababa for a remarkable first—the global community met to agree on ways to finance the ambitious Sustainable Development Goals (SDGs), with the objective of virtually eliminating extreme poverty.The development needs of today, and through the year 2030, are enormous. With that recognition, we are no longer talking about the billions of dollars needed to support our renewed development goals—we are talking about the trillions.

Barclays PLC and four former executives have been charged with conspiracy to commit fraud and the provision of unlawful financial assistance.The Serious Fraud Office charges come at the end of a five-year investigation and relate to the bank's fundraising at the height of 2008's financial crisis.Former chief executive John Varley is one of the four ex-staff who will face Westminster magistrates on 3 July.

Airbus has unveiled plans to upgrade the world's biggest passenger jet, promising greater fuel efficiency and room for more seats. The A380Plus, which was announced...

RwandAir will begin non-stop flights to the Belgium capital from next month, the airline has said.The Rwandan flag carrier said it will fly its...

Some of the world’s top policymakers and investors are currently in Berlin to discuss a new initiative that could help reshape Africa’s economic future.Millions of citizens could see tangible economic benefits from the recently launched Group of Twenty advanced and emerging economies' initiative, known as the “Compact with Africa.” The goal is to boost private investment by harnessing the expertise and resources of governments, investors, and international organizations.

ENGIE and eleQtra a developer of power and transportation projects in sub-Saharan Africa, signed a Joint Development Agreement that defines the terms and the schedule for the development and construction of the 50 MW Ada Wind power project in the Greater Accra Region in Ghana. The project is expected to require an investment of approximately $120 million and to start operations early 2019. ENGIE will enter as a 40% partner in the project.

Acting President Yemi Osinbajo on Monday signed the 2017 budget almost four weeks after the National Assembly transmitted the appropriation bill to the presidency.At...

South Africa's parliament will begin an investigation next week into state-run utility Eskom amid allegations of mismanagement in issuing government tenders, a legislator said...

Ghana has been named as one of the three countries in Africa to benefit from the Germany’s “Compact with Africa” Program.The  program  will assist...

Tanzania's government signed a $154 million contract on Saturday with the state-run China Harbour Engineering Company (CHEC) to expand the main port in the...