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Tunisia to accelerate reforms as IMF freezes loan

Tunisia is likely to sell stakes in three state-owned banks this year and cut up to 10,000 public sector jobs as part of reforms...

Sasol sees first Mozambique oil production in 2-3 years

Petrochemicals group Sasol has found oil in wells off Mozambique and aims to bring the fossil fuel to production for the first time in...

U.S. Dollar Notes Vanish From Zimbabwe

Transactional activity in Zimbabwe in recent weeks indicates a slow disappearance of the United States dollar, which is being replaced by bond notes. The bond...

Nokia 3310 mobile phone resurrected

Nokia's 3310 phone has been relaunched nearly 17 years after its debut. Many consider the original handset iconic because of its popularity and sturdiness. More...

World Bank to support Gambia’s budget with $60 million

The World Bank's Vice President for Africa, Makhtar Diop, is reported to have announced that The Gambia will be given $60 million in budgetary support.

IMF rejects claims Nigeria requested for a program to get out of recession

The International Monetary Fund has rejected claims that Nigeria has requested for a program with the fund. It followed renewed concern about the state of...

Gabon oil workers to persist with strike as some output resumes

Some oil production from fields in Gabon resumed on Friday despite a continuing strike by workers, although output remained severely constrained. Gabon's government sent soldiers...

Massive shake up in the aviation sector in Nigeria

The Nigeria aviation sector has witnessed a massive change as the government approved the sack of all the Directors in the regulatory agency, Nigerian...

South Africa’s Liberty to buy 75 percent stake in Nigerian insurer

South Africa's Liberty Holdings will acquire a 75 percent stake in a Nigerian long-term insurer for 160 million rand ($12 million), the company said...

Nigerian Govt Warns People to Stay Away from Indian Garri

Reports of imported gari packaged as "Ïndian gari" displayed and sold to the public in a Lagos supermarket, came as a rude shock and...

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