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Latest African business news, latest breaking news from Africa.
Ghana seeking extension of IMF programme
Ghana's government will ask the International Monetary Fund to extend its support programme to December 2018 from April 2018 to boost efforts to stabilize...
Ford to replace chief executive Mark Fields
Ford chief executive Mark Fields is set to depart following a major reshuffle at the car maker, according to reports.
His expected departure, first reported...
Nigerian oil labour union suspends Exxon Mobil strike in Rivers state
A Nigerian labour union that had called for the shutdown of all Exxon Mobil Corp facilities in the Niger Delta has suspended its strike...
AfDB secures US $ 300 million facility from the Government of Japan
The African Development Bank (AfDB) and the Government of Japan (GOJ) have signed an agreement for a US $ 300 million facility under the joint initiative titled Enhanced Private Sector Assistance (EPSA) for Africa.The loan, worth JPY 34.41 billion (equivalent to approximately USD 300 million) is intended to support private sector operations in Africa through the AfDB’s non-sovereign window.
Botswana gets $145.5 million loan from World Bank for water projects
The World Bank has given Botswana a $145.5 million loan to build water projects after it suffered a severe El Nino-induced drought in the...
Facebook to pay 110m euro fine for deceit
European Union (EU) antitrust regulators on Thursday said they would fine Facebook 110 million euros (122.4 million dollars) for providing misleading information over its...
GM to discontinue operations in India, South Africa
General Motors Co plans to quit selling vehicles in India by the end of this year and will sell operations in South Africa, the...
Djibouti and China strengthen ties
Djibouti-China relations reached an all-time high this week, as representatives participated in the Belt and Road Forum for International Cooperation.
The Forum, the highest profile...
Nestle loses appeal over Kit Kat trademark
Swiss food and drink giant Nestle on Wednesday lost its legal bid to register the shape of a four-finger Kit Kat chocolate bar as...
Rwanda slaps $8.4m fine on MTN
Rwanda’s leading telecommunications firm MTN has been hit with an $8.5 million (Rwf7.03 billion) fine by the regulator.The Rwanda Utilities Regulatory Authority (Rura) said...
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