Business

Zimbabwe is negotiationg a new deal to continue importing power from South African utility Eskom to make up for shortfalls in generating capacity at its Kariba hydropower station, the energy minister said on Monday.

Tanzania has awarded a coal mining licence to the local unit of Nigeria's Dangote Cement as part of plans to lower the company's production...

Faced with dwindling fish stocks in Lake Victoria, East African states have moved to institute stringent measures to control fishing in the shared water body.

Hard currency curbs imposed by Nigeria's central bank have helped boost local food production, central bank governor Godwin Emefiele was quoted as saying by two newspapers on Sunday.

Sixteen banks accused of colluding to rig South Africa's rand currency could go before the Competition Tribunal to conclude the case in July, after...

For the fast time in a more than a quarter century, Somalia will get new bank notes.

American automaker General Motors has exited the East African market after selling its entire stake in General Motors East Africa (GMEA) to Isuzu Motors...

South African taxi drivers on Friday blocked roads to Johannesburg's airport, holding up thousands of travellers in the latest protest against ride-hailing app Uber.

Egypt needs to implement economic reforms aimed at encouraging more private investment and moving away from subsidies towards targeted transfers for the poor, a senior World Bank official said on Wednesday.

Nigeria is determined to emerge from its first recession in a quarter of a century this year and needs to put more effort in revamping its infrastructure, its budget minister said on Wednesday.