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Latest African business news, latest breaking news from Africa.
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...
Mauritius and Rwanda top Ease of Doing Business in Africa
The World Bank has released its latest Ease of Doing Business 2019 rankings - an annual report that ranks countries on business-friendliness, procedural ease,...
Labour Unions in Nigeria call off nationwide strike
Labour Unions in Nigeria have called off Tuesday's planned nationwide strike. They were planning to embark on strike over a new national minimum wage.The...
African Energy Ministers to host bidding rounds at Oil Week forum
Some African Energy Ministers are expected to host exclusive roadshows and bidding rounds highlighting licensing and investment opportunities to global operators and investors at...
Addis Ababa to host Ethio-Ghana Trade & Finance Conference
Organisers of the Ghana International Trade and Finance Conference (GITFIC) have agreed on a new partnership that will see Ethiopia hosting the next edition...
LifeMobile to set up assembling plant in Uganda
The US technology company, CTI Africa has announced plans to set up a phone assembly plant in Uganda next year.According to TheEastAfrican the trading...
Apple falls below $1tn despite rise in profit
Apple briefly lost its $1tn valuation on Thursday when its shares fell 7% in after-hours trading despite posting record results.
The tech giant's strategy of...
Zimbabwe announces the discovery of oil
Zimbabwe has announced the discovery of oil wells in Muzarabani, north of the country.
The country's President Emmerson Mnangagwa made the announcement on Thursday at a...
Siemens to establish a plant in Ghana
German conglomerate company, Siemens AG, is to soon establish a plant in Ghana.The decision by Europe's largest manufacturing firm follows a similar decision by...
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