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Business

Latest African business news, latest breaking news from Africa.

Business

Ethiopia to sell stake in state-run telecom company

Isaac Kaledzi -
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...
Business

South Africa’s Liberty Holdings suffers cyber attack

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

Zambia announces new austerity measures

Isaac Kaledzi -
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...
Business

Zimbabwe: Mugabe ‘let go’ over missing $15bn

Isaac Kaledzi -
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...
Business

Exxon to sell its Tanzanian gas field

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

UK Government clears way for Fox’s Sky bid

Isaac Kaledzi -
The UK government will let 21st Century Fox take over Sky if it sells Sky News. Culture Secretary Matt Hancock has referred Fox's bid for...
Business

Public sector workers in South Africa to strike over pay

Isaac Kaledzi -
Workers in the Public sector in South Africa have failed to reach an agreement with the government over a new wage base and have...
Business

400 KPMG employees to be laid off in South Africa

Isaac Kaledzi -
Renowned auditing firm KPMG is continuing with its restructuring process by announcing on Monday that it will be laying off some 400 people in...
Business

Toshiba completes $21bn sale of chip unit

Isaac Kaledzi -
Embattled conglomerate Toshiba on Friday completed the $21 billion sale of its prized chip unit to an investment consortium, a move seen as crucial...
Business

Ugandans to pay tax for using WhatsApp and Facebook

Isaac Kaledzi -
The Parliament of Uganda has passed a law that imposes a tax of $0.05 daily for each user of internet messaging service WhatsApp starting...
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