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Latest African business news, latest breaking news from Africa.
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...
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...

