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Latest African business news, latest breaking news from Africa.
South Africa’s business confidence falls in February
Business confidence in South Africa declined in February from the prior month, weakened by lower trade volumes and retail sales, a survey showed on Wednesday.
MTN’s South Africa CEO resigns
Africa's biggest mobile phone operator MTN Group said on Tuesday that Mteto Nyati, the chief executive of its South African unit, will be resigning on March and will be replaced by Godfrey Motsa on the same day.
Nigeria to open up government airports to private investment
Nigeria will open up its government-owned airports to private investment, the minister of aviation said on Monday, as the capital's airport prepares to close...
Nigeria shuts Abuja airport, foreign airlines reject Kaduna airport
Nigeria on Monday formally announced the temporary closure of the Nnamdi Azikiwe International Airport in the capital Abuja.
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...
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