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Latest African business news, latest breaking news from Africa.
Tanzania loses $300 million loan for banning pregnant girls from school
The World Bank has suspended a planned $ 300 million educational loan to Tanzania amid concerns about the country's policy of banning pregnant girls...
Former Ghanaian UBS Trader detained again in the UK
Former Ghanaian trader convicted of fraud in the UK, Kweku Adoboli has been re-arrested ahead of his deportation to Ghana.Mr Adoboli UBS trader...
Former OPEC President to be Extradited Back to Nigeria
Nigeria’s Economic and Financial Crime Commission (EFCC) has revealed it is waiting for the deportation of its Former oil Minister Diezani Alison-Madueke from the...
Ghana spends $1.1 billion on rice importation
Ghana spent $1.1 billion alone on rice importation last year, according to statistics available to the country's Trade ministry.Deputy Trade Minister Robert Ahomka Lindsay...
Alibaba records $1bn in sales in 85 seconds
E-commerce giant Alibaba has recorded new sales record for its biggest shopping day, the annual Singles Day.The firm hit a record $1 billion...
Ghana to launch a Sky-train project in 2020
Ghana has signed a Memorandum of understanding with South African firm Africa Investment (AI) Sky Train Consortium for the construction of the Accra Sky...
Kenya and China move to end trade imbalance
Kenya’s President Uhuru Kenyatta and his Chinese counterpart Xi Jinping are hoping to end trade imbalance between their two countries.Both countries are to sign...
Africa’s oil and gas sector gets positive outlook
The latest Price Water House Coopers (PWC ) report  has revealed a positive outlook for Africa’s oil and gas sector despite difficult operating and...
AfDB wants Africa to transition from aid to development
President of the African Development Bank Akinwumi Adesina says the time has come for Africa to transition from aid to development and from poverty...
Nigerian workers to get new minimum wage
Nigerian workers will soon get a new minimum wage as the country heads into election in 2019.It follows a recommendation by the country’s Tripartite...
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