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Morocco central bank okays five Islamic financial products

Morocco's central bank has approved the use of five types of Islamic banking transaction, giving a final regulatory nod for the country to launch...

Oil companies in Nigeria to relocate to Niger Delta

Nigerian’s acting president, Yemi Osinbajo has directed the relocation of all International oil companies head offices in the country to the Niger Delta. Osinbajo gave...

Germany offers Egypt $500 million to support economy

Germany has offered Egypt $500 million to support its economic programme and medium-sized and small businesses, the Egyptian ministry of investment and international cooperation...

Caterpillar raided over alleged tax evasion scheme

US officials have raided three Caterpillar sites as part of a criminal probe into tax irregularities at the heavy machinery manufacturer.

South Africa in talks with Airbus, Boeing to print 3D parts

South African researchers developing the world’s largest machine for producing aircraft parts using lasers to melt powdered titanium are in talks with Airbus and Boeing, with the first commercial application expected in 2019.

Snapchat firm share price soars on debut

Shares in Snap, owner of messaging app Snapchat, began trading on the US stock market on Thursday. At the close of trade shares were $24.48...

Ghana’s new government targets deficit, inflation in first budget

Ghana aims to reduce its budget deficit and inflation in 2017, Finance Minister Ken Ofori-Atta said on Thursday in a budget speech designed to...

Namibia’s central bank assumes control of SME Bank

Namibia's central bank has assumed control of SME Bank Limited, a lender focused on small businesses in the southern African nation, it said on...

Uganda government takes over troubled telecom

The government has taken over Uganda Telecom Limited (UTL) after the firm’s majority shareholder failed to inject capital to turnaround the state of the ailing telco.

Mozambique to seek partial debt restructuring

Mozambique will seek to negotiate a restructuring of part of its debt, its prime minister said on Wednesday. The southern African nation is struggling to...

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