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Business
Latest African business news, latest breaking news from Africa.
South Africa’s growth rate to slow due to blackouts
South Africa since last year has been experiencing major power cuts due to the challenges confronting its power producer Eskom.The company is struggling to...
Jumia’s African identity questioned
Last week Jumia was celebrated globally for listing on the New York Stock Exchange. It was a novelty for African startups which Jumia is...
Africa’s Jumia lists on New York Stock Exchange
African e-commerce start-up Jumia has finally debuted on the New York Stock Exchange.
Jumia listed 17.6% of its shares at $14.50 a share as it...
How Africa fared in latest IMF World Economic Outlook
The International Monetary Fund has released its regular assessment of the World Economic Outlook which forecasts global growth of 3.3% this year and 3.6%...
Sub-Saharan Africa records $46bn in remittances for 2018
Africa remains one of the major regions where remittances continue to form an integral part of the many economies.The World Bank in a brief...
Economic growth in Sub-Saharan Africa to slow in 2019
The World Bank has cut its growth forecast for Sub-Saharan Africa this year to 2.8 percent from an initial 3.3 percent, it said on...
Meet Africa’s wealthiest monarchs worth over $6 billion
Africa is home to rich traditions and cultures and monarchs form an important aspect of African societies.They are very powerful in some communities affecting...
Eskom to get more funding from SA government
South Africa's government has revealed plans to potentially provide more financial support for the struggling state power provider, Eskom.The company is struggling to stay...
Zimbabwe’s new currency loses value by 20%
In February this year, Zimbabwe introduced a new currency called the RTGS, or Real-Time Gross Settlement dollar.The new currency was meant to deal with...
Lisbon to play host to 21st Africa Energy Forum
Whilst the 20th edition last year reflected on the pivotal players and moments of the last 20 years, this year’s Forum in Lisbon will...
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