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Latest African business news, latest breaking news from Africa.
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...
BA owner IAG’s profits hit by weak pound
Airline group IAG, which owns British Airways and Iberia, has reported a rise in profits despite being affected by last year's fall in the pound.
Kenya to start direct U.S. flights after security clearance
Kenyan airlines have been granted security clearance by U.S. authorities for direct flights to the United States, Kenya's minister of transport said on Thursday,...
Military plane cost hits Airbus profits
Aircraft manufacturer Airbus reported a drop in 2016 profits, mainly because of a charge on the A400M military plane.
Its net income fell by 63%...
Armyworm caterpillars ravage maize crop in southeast Congo
Crop-destroying caterpillars known as armyworms have ravaged 63,000 hectares of maize in southeastern Democratic Republic of Congo since December, causing local maize prices to...
Uganda inches closer to oil production by 2020
Partners in Uganda’s oil and gas are closer to making a final investments decision following the announcement that three companies will be involved in technical studies for upstream development.
Britain pledges extra $250 million to fight famine in South Sudan, Somalia
Britain will provide additional aid money to South Sudan, where famine has been declared in parts of the country, and to Somalia, where there is a credible risk of famine, the government said on Wednesday.
IMF to Help Somalia Print First Banknotes in Quarter Century
The International Monetary Fund is backing Somalia’s plans to replace tattered currency notes that were printed before the Horn of Africa nation plunged into...
AfDB officials visit The Gambia for dialogue and portfolio review
An African Development Bank mission, in collaboration with the World Bank Group has visited Banjul, Gambian to engage with the new authorities and discuss...
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