Friday, May 16, 2025
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Business

Latest African business news, latest breaking news from Africa.

Business

Futures slide as Trump wins U.S. presidential election

Isaac Kaledzi -
U.S. stock index futures sank in the overnight session into Wednesday as a market that had been expecting a victory by Democrat Hillary Clinton...
Asia &Australia

Global stocks up as nervous markets wager on Clinton winning White House race

Isaac Kaledzi -
Asian stocks rose on Tuesday as world markets braced for the outcome of one of the most contentious U.S. presidential elections in history, with...
Business

South African pension fund seeks central bank approval to increase Barclays Africa stake

Isaac Kaledzi -
Africa's biggest pension fund, Public Investment Corporation, has sought approval from South Africa's central bank to raise its stake in Barclays Africa (BGAJ.J), two...
Business

South Africa’s Gordhan to be charged again this year, newspaper says

Isaac Kaledzi -
South African Finance Minister Pravin Gordhan will be charged this year over a surveillance unit at the tax agency he once ran, the City...
Asia &Australia

Botswana to sell struggling Chinese-built power plant

Isaac Kaledzi -
Botswana will sell a 600 megawatt Chinese-built power plant after persistent technical problems since it was commissioned in 2012, the country's state electricity firm...
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...
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