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Business

Ghana merges five ‘struggling’ local banks

Ghana has formed a new indigenous bank called the Consolidated Bank. It has merged five local banks struggling to remain in business.The Bank of...

South Africa records rise in unemployment rate

South Africa is currently facing an economic growth challenge but that has also been compounded by a increase in unemployment rate.Unemployment rate for the second...

IMF warns South Africa’s economy still faces major risks

The International Monetary Fund has warned that South Africa still faces major risks despite a stabled economic growth forecast for 2018.On Monday the IMF...

Uganda, Rwanda firms awarded $63m for poll losses

A Kenyan court has ordered the government to pay 16 Ugandan and Rwandan companies $63 million as compensation for trucks and goods lost during...

Google launches free Wi-Fi for Nigerians

Google has announced the launch of a network of free Wi-Fi hotspots in Nigeria. This is part of the company's ongoing project to expand its...

Facebook’s shares tumble as growth disappoints

Facebook shares tumbled 20% on Wednesday after the social media network's revenue and user growth fell short of investor expectations. The firm, which is facing...

BRICS summit: China’s President warns against trade war

Chinese President Xi Jinping has warned against global trade war as he addresses a summit of emerging economies in South Africa's main city, Johannesburg.Jinping in...

China to invest $14.7 billion in South Africa

China is to invest $14.7 billion in South Africa as the Asian super power deepens its trade relations in Africa.South Africa's President Cyril Ramaphosa...

Google owner Alphabet records strong growth in ad sales

Alphabet Inc on Monday reported that expenses from its Google search business grew more slowly in the second quarter while revenue rose more steeply...

Rwanda and China sign 15 deals to strengthen ties

Rwanda is stable and its people are happy, Chinese President Xi Jinping said on his first official visit of the country.The Chinese leader paid...

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