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Business

Latest African business news, latest breaking news from Africa.

Business

Kenyan President, Kenyatta to reduce tax on fuel

Isaac Kaledzi -
Kenyan President Uhuru Kenyatta on Friday said a new and unpopular tax on petroleum products was necessary, but that he wanted to cut it...
Business

EU to create 10 million jobs in free trade deal with Africa

Isaac Kaledzi -
The European Union says it has offered Africa a free trade deal which will bring new investments to the continent. European Union Commission President Jean-Claude...
Business

Ethiopia and Eritrea re-open border after two decades

Isaac Kaledzi -
Ethiopia and Eritrea are re-opening a key border between the two nations after closing it for two decades. The reopening is following the restoration of...
Business

Alibaba’s co-founder Jack Ma ‘to step down’

Isaac Kaledzi -
One of China's richest men, Jack Ma, is to step down as executive chairman of the Alibaba e-commerce empire on Monday, the New York...
Business

Nedbank in South Africa warns of banking crisis over land reform

Isaac Kaledzi -
A top official of Nedbank in South Africa is warning of a major banking crisis in the country if the country's tolls out its...
Business

Ramaphosa assures South Africa will recover from recession

Isaac Kaledzi -
The President of South Africa, Cyril Ramaphosa says his country will soon recover from recession. On Tuesday South Africa entered into recession for the first...
Business

MTN hit with $2 billion tax bill in Nigeria

Isaac Kaledzi -
MTN Group faces a $2 billion demand for taxes in Nigeria, the latest in a series of skirmishes with authorities in the South African...
Business

South Africa enters recession for first time since 2009

Isaac Kaledzi -
South Africa on Tuesday entered into recession for the first time since 2009, according to second quarter data. That means the country has for...
Business

‘EnergyWeek Morocco’ to focus on power projects in North and West Africa

Isaac Kaledzi -
EnergyWeek Morocco will take place from 14-15th November in Marrakech. The event is a platform for decision-makers in the energy sector to discuss the...
Business

Africa to receive $60 bln in financial support from China

Isaac Kaledzi -
China says it will provide $60 billion in financial support to Africa as it continues to strengthen its relations with the continent. China is hosting...
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