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Latest African business news, latest breaking news from Africa.
India’s Bank of Baroda to shut operations in Ghana
Indian state-owned Bank of Baroda is to close down three branches across the world including Ghana by June 2019.The three branches according to the...
Zambia denies China taking over its power provider
Zambia has denied reports that China is taking over its state utility provider to recover a $6 billion debt.The Southern African country says it...
IMF Boss Christine Largarde begins tour of Africa
The Managing Director of the International Monetary Fund (IMF), Christine Largarde is beginning a two day working visit to Ghana on Monday.She will hold...
Ghana lifts ban on small scale mining
Ghana's government has announced the lifting of the ban on small scale mining from December 17.The lifting of the ban will only cover those...
Global debt hits $184 trillion
Latest Data from the International Monetary Fund, IMF reveals that Global debt has reached an all time high of $184 million.The Global Debt is...
African Airlines to lose $300 million  in 2019
African carriers are expected to report a $300 million net loss in 2019 slightly improved from the $400 million net loss in 2018.The expected net...
AfDB to host summit on seed policy in Kenya
Delegates from 21 countries across the African Continent have gathered in Nairobi Kenya for a forum on seed Policy.The two day conference started on...
Nigeria’s infrastructure deficit to hit $878 billion by 2040
Nigeria’s infrastructure deficit is projected to reach about $878 billion in the next twenty years.That’s the revelation from the acting director general of Nigeria’s...
Mozambique spends $250 million on ‘ghost’ workers
Mozambique has spent $250 million paying non-existent public sector workers usually referred to as ‘ghost’ workers.The payments were made to these ghost workers in...
IMF approves $34 million aid package for Togo
The International Monetary Fund has approved $34.9 million dollars to Togo under its three year programme with the fund.The amount brings to total $139...
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