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Business

Latest African business news, latest breaking news from Africa.

Business

South African official sacked over 350% pay rise

Isaac Kaledzi -
A South African government official who granted himself a 350% pay rise has been sacked. Collins Letsoalo was supposed to be "Mr Fix-it" - brought...
Business

Nigerian court to rule on Shell, ENI dispute with authorities in March

Isaac Kaledzi -
A Nigerian court will rule on March 13 on a request by Royal Dutch Shell and Italy's Eni to lift the temporary seizing of...
Business

SpaceX to fly two tourists around Moon in 2018

Isaac Kaledzi -
US private rocket company SpaceX has announced that two private citizens have paid to be sent around the Moon. The mission is planned for late...
Asia &Australia

Samsung heir to be indicted on bribery charges

Isaac Kaledzi -
Samsung's heir apparent Lee Jae-yong is to be formally indicted on multiple charges including bribery and embezzlement, prosecutors said.
Business

Tunisia to accelerate reforms as IMF freezes loan

Isaac Kaledzi -
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...
Business

Sasol sees first Mozambique oil production in 2-3 years

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

U.S. Dollar Notes Vanish From Zimbabwe

Isaac Kaledzi -
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...
Business

Nokia 3310 mobile phone resurrected

Isaac Kaledzi -
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...
Business

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

Isaac Kaledzi -
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.
Business

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

Isaac Kaledzi -
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...
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