Business

The African Development Bank (AfDB)-managed Sustainable Energy Fund for Africa SEFA has approved a US$ 965,000 grant to Oxygen Energy Private Limited to support the preparation of a bankable business case for the development of a 20MW off-grid solar PV rooftop project on buildings owned and managed by Old Mutual Property Group Zimbabwe countrywide.

South Africa's state-owned power company Eskom has threatened to cut electricity supplies to Zimbabwe next month if it fails to settle debts amounting to about $9m (£7m) because of a currency shortage, Zimbabwe's state-owned Herald newspaper reports.

The Executive Board of the International Monetary Fund (IMF) today approved a new three-year arrangement for Togo under the Extended Credit Facility (ECF) worth (US$241.5million) to support the country’s economic and financial reforms. [1]The Executive Board’s decision enables an immediate disbursement of US$34.5 million. The remaining amount will be phased over the duration of the program, subject to semi-annual reviews.

Facebook has broadened its campaign to raise awareness about fake news, by publishing adverts in the UK press. The ads, in papers including The Times,...

Morocco's Attijariwafa Bank paid twice book value to acquire Barclays' Egyptian business and hopes the acquisition will enable it to increase its market share...

Notwithstanding the current economic and socio-political uncertainty, numerous companies in Africa are still positive about the growth potential of the continent. PwC (www.PwC.com) research...

More than 1,000 participants are taking part in the 27th World Economic Forum on Africa in Durban, South Africa which opened on Wednesday.This year’s...

Uber operators in Ghana's capital, Accra are under attack from some taxi drivers.The local Taxi drivers in the busiest parts of Accra have become hostile...

Some 280 workers of telecommunication firm MTN in Nigeria have been sacked, according to local media reports.The Guardian in Nigeria claimed that the decision...