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Latest African business news, latest breaking news from Africa.
Zambia without IMF aid due to ‘unsustainable’ borrowing
The International Monetary Fund (IMF) says it is unable to proceed with discussions on a possible aid package for Zambia.The IMF says Zambia still...
Egypt: Thomas Cook evacuates customers after couple’s death
The British company Thomas Cook says it is evacuating all 301 of its customers from a hotel in Egypt. The customers have been lodging...
Saudi Arabia cancels sale of shares in oil giant Aramco
Saudi Arabia is reported to have cancelled its plans to sell shares in state oil giant Aramco, which had been billed as the largest...
Ghanaian born ex-UBS trader avoids deportation
A former UBS trader who was jailed after being convicted of a huge fraud has avoided being deported from the UK.
Kweku Adeboli, 38, has...
South Africa’s Land Bank worried about land reform program
South Africa’s state-owned Land Bank has expressed worry about the country's ongoing land reformation program.There is an ongoing conversation to reform land ownership in...
Ethiopian Airlines to help Zambia relaunch national airline
Ethiopian Airlines has signed a shareholding agreement with Zambia’s main develoment agency to relaunch the southern African country’s flag carrier at an initial cost...
[Video] – Young Rwandan launches drones to deliver blood
Read the story of young Rwandan, Abdoul Salam Nizeyimana who has developed a drone to deliver bloods to hospitals in Rwanda.Rwanda has been leading...
Google staff attack ‘censored China search engine’
Hundreds of Google employees have written to the company to protest against plans to launch a "censored search engine" in China.
They said the project...
Uber records slow growth but narrows losses
Uber narrowed its losses in the second quarter but remains a long way from turning a profit, according to company results published on Wednesday.
The...
Ghana to prosecute executives of collapsed local banks
Ghana says it will prosecute executives of five local banks that collapsed early this month. The executives are accused of engaging in activities that...
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