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Latest African business news, latest breaking news from Africa.
Nigeria suspends launch of national airline
Nigeria’s government says it has suspended pans to launch a new national airline – Nigeria Air. The new airline was due to start operations...
Kenya to increase taxes on mobile money transfer
Kenya plans on increasing taxes on mobile money transfer services as the country makes efforts to increase its revenue base.The new proposed tax hikes...
South African cities are the wealthiest in Africa
South African cities dominate the latest list of Africa's most wealthiest cities. The list was put together in a report by New World Wealth...
Nigerian Finance Minister resigns over forgery claims
Nigerian President Muhammadu Buhari on Friday accepted the resignation of Finance Minister Kemi Adeosun, who said she stepped down over allegations of using a...
Kenyan President, Kenyatta to reduce tax on fuel
Kenyan President Uhuru Kenyatta on Friday said a new and unpopular tax on petroleum products was necessary, but that he wanted to cut it...
EU to create 10 million jobs in free trade deal with Africa
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...
Ethiopia and Eritrea re-open border after two decades
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...
Alibaba’s co-founder Jack Ma ‘to step down’
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...
Nedbank in South Africa warns of banking crisis over land reform
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...
Ramaphosa assures South Africa will recover from recession
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...
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