Business

Millions of customers of Kenya's leading mobile network operator, Safaricom had challenges making calls on Monday after the network suffered a breakdown. Besides subscribers not able...

Leaders of the top multilateral development banks (MDBs) have agreed to deepen their collaboration to encourage private sector investment in vital infrastructure needed to...

IFC, a member of the World Bank Group on Monday hosted a high level dialogue on opportunities for ambitious reforms of the business environment...

South Africa's public enterprises minister has blocked power utility Eskom from giving its former chief executive a 30 million rand ($2.3 million) pension payout,...

Dutch electronics giant Philips on Monday posted a sevenfold leap in first quarter profits after spinning off its lighting business last year. Net profit soared...

Ghana's central bank will not finance the government's budget, its new governor, Ernest Addison, said on Friday as the regulator seeks to keep fiscal...

The Board of Directors of the African Development Bank Group (AfDB) has approved the eligibility assessment for compliance review of the Bank-financed construction of a 125 MW Coal Sendou Power Plant Project in the village of Bargny Minam in Senegal. By approving the project, the Board has also authorized that Independent Review Mechanism experts carry out further investigations to clarify issues raised in the complaints by two groups of complainants on behalf of adversely affected members of the communities in Bargny, Senega

Energy giant Chevron on Friday lost its appeal in major battle against a Aus$269-million (US$203 million) tax bill in a case that could have...

Ivory Coast has cut planned spending for 2017 by 10 percent due to a sharp drop in world prices of cocoa, its leading export,...

Getting a haircut in Ghana is a regular routine for many as barbering shops continue to spring up in many communities. Usually one has to...