Business

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.

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...

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...

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-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...

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’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...

Kenya has backed away from plans to impose a ban on second-hand clothes in a move officials say will leave local textile dealers at...

Africa-focused oil company Tullow Oil Plc said it encountered 75 metres of net oil pay in two zones at an exploration well in Northern...

The Minority in Ghana’s Parliament has petitioned the Security and Exchange Commission of the United States over the controversial US$2.25 billion bond issued by the Finance ministry in April. The Minority in a statement said they hope their petition will lead to an investigation in their claim of conflict of interest against the Finance minister Ken Ofori Atta over the issuance of the bond.