Business

German car manufacturer Mercedes Benz is to invest $700m in South Africa as part of expansion plans.The company says expanding its production operations in...

Ratings agency Moody says investors are worried about the uncertainty surrounding land and mining reforms in South Africa.The agency said on Tuesday that South...

South African healthcare provider Ascendis Health said on Monday it plans to dispose of smaller local non-core businesses as part of a strategic review...

Tanzania has secured a loan facility of $455 million from the World Bank to finance its power projects.The loan is under the World Bank's...

Botswana has been hit by a foot and mouth disease outbreak in cattle in its Ngamiland district.The country has banned the export of meat...

Ethiopia is to sell a 30 to 40 percent of its stake in the state-run telecom company.The selling of the government's stake to big...

South African insurer Liberty Holdings said on Sunday it had become the victim of a cyber attack after an external party claimed to have...

Zambia is set to roll out new austerity measures to deal with its rising debt.The country’s President, Edgar Lungu said the new measures should...

Zimbabwe's parliament has "recused" the country's former President, Robert Mugabe from its ongoing probe into missing state funds.The 94-year-old former leader was to be...

Exxon Mobil is seeking buyers for its stake in a large undeveloped gas field off Tanzania, according to three banking and industry sources, as...