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Business

Latest African business news, latest breaking news from Africa.

Business

Nigeria: EU to spend €150m on power

Isaac Kaledzi -
The European Union (EU) has announced it will spend €150 million (N50 billion) on the development of power sector in Nigeria, as accessing long...
Business

Nigeria government receives 700,0000 applications for 500 jobs

Isaac Kaledzi -
The government in Nigeria has said that it’s national tax authorities have been reviewing some 700,0000 applications for just 500 jobs. The West African nation...
Business

Egypt will allow its currency to float freely

Isaac Kaledzi -
Egypt will float its currency in a move that is expected to see it fall by almost 50% against the dollar. The price is expected...
Business

IMF approves $25.2 million disbursement for Guinea

Isaac Kaledzi -
The International Monetary Fund (IMF) has approved a $25.2 million disbursement for Guinea to help the west African nation recover from the worst Ebola...
Asia &Australia

Alibaba sets its sights on Singles Day

Isaac Kaledzi -
Alibaba, China's biggest online retailer, said a US investigation would not affect next week's Singles Day - its biggest shopping day of the year. The...
Business

Burundi’s capital Bujumbura introducing parking fees

Isaac Kaledzi -
Cyclists and motorists in Burundi's capital Bujumbura are being forced to pay parking fees for the first time. This is the latest move by the...
Business

IMF chief optimistic about Egypt’s economic recovery

Isaac Kaledzi -
Egypt has reached a staff-level agreement for a $12bn loan programme from the International Monetary Fund over a three-year period https://www.youtube.com/watch?v=Lt3zWjfOWi4
Business

Egypt tourism in a state of flux one year after Russian plane bombing

Isaac Kaledzi -
It's been a year since a Russian passenger plane was downed by jihadists across Egypt's Sinai peninsula, but tourism in the country is not...
Business

IMF urges African states to cut deficits as growth grinds lower

Isaac Kaledzi -
The International Monetary Fund (IMF) said African exporters of oil, and commodities should remove subsidies and boost taxes to weather the slowest growth in...
Business

Niger Delta leaders want army out, oil firms headquaters’ relocated to the region

Isaac Kaledzi -
Leaders from Nigeria’s Niger Delta region have asked President Muhammadu Buhari to pull the army out from the area and order oil firms to...
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