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Ghana’s new president to name investment banker as finance minister

Ghana President Nana Akufo-Addo is likely to name investment banker Ken Ofori-Atta as finance minister, three sources close to the presidency told Reuters on...

Angola trims oil production after OPEC agreement

Angolan state oil company Sonangol has cut output by 78,000 barrels per day to (bpd) to 1.673 million bpd as part of an OPEC...

Nigerian sovereign fund in credit tie-up to unlock infrastructure funding

CEO of Nigeria's Sovereign Wealth Fund, Uche Orji. Photo Credit: Reuters   Nigeria's sovereign wealth fund is setting up a company in partnership with London-based local...

High expectations from business community in Ghana ahead of president-elect Akufo Addo’s inauguration

Expectations are high within the Ghanaian Business Community ahead of the swearing in of the country’s President elect Nana Akufo Addo on January 7. The...

Angolan lawyers appeal ruling on president naming daughter oil CEO

Angolan lawyers, who argue that President Jose Eduardo dos Santos' billionaire daughter was illegally appointed as the chief executive of the state oil company,...

Investments in Africa’s transport infrastructure paying off

African countries were on a drive to boost infrastructure and road networks on the continent in 2016. Ethiopia made huge strides this year with the...

Oil hits 18-month highs as markets eye output cuts

Oil prices hit 18-month highs on Tuesday, the first trading day of 2017, buoyed by hopes that a deal between OPEC and other big...

Ponzi scheme concerns in Ghana

Ponzi schemes are becoming a big worry for Ghana's financial sector. Ghanaians are on high alert after a Russian-backed Ponzi scheme which was banned...

Tanzania’s president sacks head of power firm over tariff hike

Tanzanian President John Magufuli sacked the head of the state-run electricity company on Sunday after the firm put up tariffs, a move the president...

Egypt adopts new measures to revive tourism

Egypt’s largest public lender, the National Bank of Egypt (NBE) is planning to extend the grace period for loans granted to its customers in...

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