Business

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.

South Africa's ruling African National Congress wants the public enterprises minister to reverse her decision to re-appoint Eskom chief executive Brian Molefe five months...

The Chinese government is investing tens of billions of dollars as part of an ambitious economic plan to rebuild ports, roads and rail networks. China's...

South Africa plans to sign new, more transparent nuclear power agreements with five foreign countries after a high court blocked a deal with Russia...

Ghana  has announced it is considering granting a ten year tax holiday to major Multinational firms. The move, according to the Chief Executive Officer...

The head of Gambia's central bank Amadou Colley, appointed by the previous President Yahya Jammeh, has been sacked.No official reason has been given for the...

Tanzania has shut down one of the country's largest banking institutions, FBME, following charges of aiding the finance of terrorism by US authorities.A statement from the central bank said it had revoked its licence.It was accused in the US of, among other things, money laundering and facilitating the payment of thousands of dollars from a financier of the Lebanese Hezbollah Islamist militants.

The Association of African Central Banks is warning the goal of attaining a single currency status in West Africa will be a mirage. It believes the only solution to the problem is by diversifying the economies of the various countries in the Wet African Monetary Zone. Various attempts by West Africa to introduce a common currency known as the ECO has suffered various setbacks with the recent one being the outbreak of Ebola in three member countries. It is currently unclear if the countries will now meet the convergence criteria for the currency to take off in 2020.