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Business

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...

Ghana announces plans to explore Lithium

Ghana is hoping to attract more investors in the mining sector by announcing plans to explore Lithium. The country's President Nana Akuffo Addo made public...

Trump nominates Malpass for top World Bank job

US Senior Treasury Department Official, David Malpass has been nominated by US President Donald Trump to replace Jim Yong Kim as next president of...

Rwanda seals $400m deal for bottled gas production

US firm Gasmeth Energy has signed a $400 million agreement with Rwanda for the production of bottled gas. The gas will be produced from Rwanda's...

Egypt secures $2 billion IMF support

The Executive Board of the International Monetary Fund has approved a $2 billion facility for Egypt as part of the country’s three year programme...

Cryptocurrency exchange founder’s death locks $140m

Canada's largest cryptocurrency exchange is unable to access millions in digital currency following the sudden death of its founder. Quadriga has filed for creditor protection...

46 million bank accounts in Nigeria are dormant

"Inactive or dormant bank accounts" have risen from 36.7 million in 2017 to 46.7 million last year in Nigeria. These details were made public the...

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