Business

Symbion Power is seeking $561 million from Tanzania's state power supplier TANESCO via international mediation, accusing it of breach of contract, the U.S. firm said on Tuesday.

The World Bank has disbursed another $1 billion in financial assistance to Egypt out of its $3 billion loan programme with the country, the bank said in a statement on Monday.

The US is banning electronic devices from cabin baggage on flights from eight mainly Middle Eastern and North African countries.

Morocco said on Monday that a $10 billion project to build a new industrial and technology hub near the northern city of Tangiers will be financed by Chinese group Haite, BMCE's Bank of Africa, and the Moroccan government.

The G20 finance ministers met last week in Germany to discuss critical challenges facing the global economy, from climate change to migration to humanitarian emergencies like the unfolding famine in parts of Sub-Saharan Africa and the Middle East.

Chief executive Officers of the largest African and international companies, political decision makers from more than 40 African countries and the most active bankers and investors on the continent are attending the the 5th edition of the Africa CEO Forum

Ghana has now made provisions for commercial banks in the West African country to offer Islamic banking products to its customers.

Ghana’s discovery of coral reefs in its waters is good news but hinges on the ruling of its maritime boundary dispute with Côte d’Ivoire.

Mauritius has committed to helping Ghana streamline measure to improve its Ease of Doing Business index.

Zimbabwe's central bank has printed half of the 'bond notes' quasi-currency it intends to issue under a $200 million scheme, a state newspaper reported on Friday, as the country grapples with a biting shortage of U.S. dollars.