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Latest African business news, latest breaking news from Africa.
Maritime border dispute between Kenya and Somalia escalates
A dispute over a maritime border between Kenya and Somalia has escalated forcing Kenya to recall its ambassador to Somalia.The Kenyan foreign ministry confirmed...
Six African countries cited for encouraging terrorism financing
The European Commission has cited six African countries for having deficiencies in their anti-money laundering and counter-terrorist financing frameworks.These African countries are Botswana, Libya,...
MTN boss in Uganda deported to Belgium
The head of telecommunications company MTN in Uganda has been deported, according to police officials.
Police say Wim Vanhelleputte was put on a plane to...
Uganda postpones oil production to 2022
Lack of infrastructure and disagreements over taxes and plans with operators have forced Uganda to postpone oil production to 2022.Uganda's Energy Minister Irene Muloni...
Access Bank supports German companies in Ghana
One of Africa’s largest banks, Access Bank is providing financial support and solutions to German companies and their local partners operating in Ghana.The initiative...
Ghana’s inflation rate drops to 9 percent
Ghana’s Inflation rate has dropped significantly from 9.4 percent recorded last December to 9 percent for the month of January this year.This is based...
Eskom declared technically bankrupt
South African Power Provider Eskom is reported to be technically bankrupt according to the portfolio committee of the Country’s Public Enterprise.Eskom generates, transmits and...
Tanzania to ban fish imports from China
Tanzania is to impose a total ban on the importation of fish from China and Vietnam, its Livestock and Fisheries Minister has confirmed.Luhaga Mpina...
Zimbabwe settles debts owed IMF
The International Monetary Fund, IMF has revealed that Zimbabwe has already cleared all its outstanding debts.Director of Communication with the International Monetary Fund Gerry...
Mozambique: Deputy finance minister sacked for fraud
Mozambique’s deputy finance minister, Maria Isaltina Lucas's has been sacked. He is accused of playing a role in alleged issuance of fraudulent government loans...
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