South Africa's rand fell more than 2 percent on Monday to its weakest in almost three months after S&P Global Ratings cut the country's credit score to sub-investment grade with a negative outlook after last week's dismissal of the South African finance minister.
Oil tanker drivers in Nigeria have announced an end to their strike. They had gone on strike on Monday agitating over poor working conditions and roads.
A lack of jobs and disillusion with political leaders may form a “toxic brew”, driving more young Africans to migrate or join violent extremist groups, billionaire philanthropist Mo Ibrahim’s foundation said on Friday.
Zambia is attempting to convert the nation to energy-saving light emitting diode (LED) lightbulbs to help plug crippling power shortages that have hit mining and agriculture and imposed daily rationing on parts of the country.
Ghana’s President Akufo-Addo has appointed a new boss of the country’s central bank, replacing the previous governor, Dr. Abdul Nshiru Issahaku who resigned on Thursday.
A Chinese bank will help finance the construction of 2,000 homes for Zambian military personnel who face a critical shortage of housing, president Edgar Lungu said on Thursday.
