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Business

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...

General Cable to pay more than $75 million to settle bribery charges

General Cable Corp, a Kentucky-based wire manufacturer, agreed to pay more than $75 million to resolve allegations that it had bribed officials in Angola,...

Russian flights to Egypt will resume soon, Putin tells Sisi

Russian flights to Egypt will resume soon, Russian President Vladimir Putin told Egyptian President Abdel Fattah al-Sisi in a phone call, Sisi's office said...

Uganda gets $151 mln loan from African Development Bank for toll road

Uganda will expand a major road linking its capital Kampala with Rwanda after signing a deal on Thursday for a $151 million loan from...

Zambia’s Edgar Lungu orders military to fight army worms

Zambia's President Edgar Lungu has called in the air force to help contain an invasion of army worms in maize fields, his spokesman has...

Ghanaians warned over a controversial Russian Ponzi scheme after it was suspended in Nigeria

Marvodi Mondial Movement (MMM), a 27-year old Russian Ponzi scheme that’s caused distress in a few African countries is adding a new country to...

How Kenya became the cradle of Africa’s technological innovation

Entrepreneurs work on their projects at Nailab, a Kenyan firm that supports technology startups. Photo Credit: Reuters A digital revolution is taking place in Kenya...

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