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Latest African business news, latest breaking news from Africa.
[Photos]: Volkswagen car assembling plant in Ghana all set for take-off
The car assembling plant of German car-maker, Volkswagen appears set for official opening this month.Officials of the company took some Ghanaian government officials round...
Oil price crash sinks world stocks
Global stocks plunged on Monday and prices for crude oil tumbled as much as 33% after Saudi Arabia launched a price war with Russia,...
Tunisia seeks new IMF deal, cuts 2020 growth forecast
Tunisia will seek a new loan deal with the International Monetary Fund (IMF), its prime minister said on Sunday, after slashing the country’s economic...
African airlines lose $400m since outbreak of coronavirus
African Airlines have reportedly lost $400m due to suspension and cancellation of flights to and from China since the outbreak of the coronavirus.
Most airlines...
South African economy back to recession after shock slump
South African Statistical officials have released latest economic figures that showed that the country is back to recession.The South African economy shrank by 1.4%...
$4.5bn Benin–Niger pipeline project halted over Coronavirus
The construction of a 2,000 kilometer crude oil pipeline between Niger and Benin has been halted as a result of the coronavirus scare.In August...
Germany needs skilled workers, opens its doors to foreigners
Germany on March 1 rolled out new immigration laws that are meant to fix the country's shortage of skilled workers.The European nation has now...
Luxembourg is world’s first country to make public transport free
Luxembourg has become the first country globally to make public transport free for its citizens.The country's transport minister Francois Bausch has hailed the initiative...
Dangote says Nigeria’s border closure is good for its economy
Africa's richest man and the president of the Dangote Group, Aliko Dangote has reportedly backed Nigeria's decision to close its borders with West African...
Malawi legalises the growing, selling and export of cannabis
Malawi has joined the list of southern African countries that have legalised the growing, selling and export of cannabis.
But the country still restricts the...
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