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Business
Latest African business news, latest breaking news from Africa.
Nigeria secures $210 mln loan from AfDB for power project
The African Development Bank (AfDB) has approved a $210 million loan to help Nigeria upgrade its dilapidated electricity transmission and distribution network.The loan to...
African economies to benefit from safer Gulf of Guinea
African economies stand a huge chance of growing significantly if the Gulf of Guinea is protected from the activities of pirates and illegal trade.Every...
Volkswagen to open plant in Ghana early 2020
German car-maker, Volkswagen is set to open an assembling plant in Ghana early 2020.In 2018 the company announced plans to set up a plant...
Jumia is shutting down in parts of Africa in portfolio review
Online retailer Jumia Technologies has announced the shutting down of its portfolio in Tanzania.The company announced this decision weeks after shutting its office and...
Why you should consider commodity trading
Looking to get into commodities trading? It’s a smart idea. While many traders stick with stocks and bonds, commodities give you the chance to...
Easy Solar reaches 300,000 users in Sierra Leone
Easy Solar, Sierra Leone’s leading provider of accessible and affordable solar products has announced that it has reached a new milestone of 300,000 users...
ECOWAS Parliament condemns Nigeria border closure
The ECOWAS Parliament has called for the reopening of Nigeria’s land border describing its closure as running contrary to ECOWAS Protocols.For over three months,...
IMF says 40% of African countries are in debt crisis
The Managing Director of the International Monetary Fund, Kristalina Georgieva, says 40 per cent of African countries are in debt distress.She described Africa as...
China ‘angry’ with Zimbabwe for understating financial support
China has said that Zimbabwe has been understating its financial help to the southern African nation.Zimbabwe's recently released budget figures ranked China poorly when...
Germany hosts African leaders for business summit
German Chancellor Angela Merkel is meeting a dozen of African leaders in Berlin for a business summit.
The meeting which is focusing on helping Africa...
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