AFRICA

FOLLOW US:

South Africa finds an extra $4.2 billion to help Eskom

South Africa is pumping more financial support into ailing state-owned power utility Eskom Holdings with an additional 59 billion rand ($4.2 billion) spread over two...

Zambia mining group: China-Africa expo already yielding good results

A Zambia-based mining body has lauded China for investing in China-Africa Economic and Trade Expo, saying that the fair is already producing desired results...

Pepsi gains foothold in Africa with $1.7 billion Pioneer deal

U.S.-based PepsiCo struck a deal to buy South Africa’s Pioneer Food Group for $1.7 billion. The companies jointly announced the deal Friday morning much...

Uganda gears up for first China-Uganda Expo

Uganda is set to hold the first China-Uganda Industrial Capacity Cooperation Exposition scheduled for July 23-26 in the capital Kampala. According to the organizers, although...

Chinese-built Maputo bridge helps boost tourism in local area

A local district in the Mozambican province of Maputo has witnessed a tourism boom and the related income doubling, due to the easier access...

Africa urged to leverage on digital technologies

  During an address at the two-day inaugural Afro-Asia FinTech Festival in Nairobi, Kenyan President Uhuru Kenyatta called on Asian governments and companies to partner...

Egypt to inject $55 billion into Suez Canal Zone development

Egypt aims to increase investments in the Suez Canal Economic Zone (SCZone) development project to 55 billion U.S. dollars in 15 years, the chairman...

Zimbabwe inflation rate nearly doubles to 175%

Zimbabwe's annual inflation rate hit 175 percent in June, official data showed Monday, stoking fears of a return of the hyperinflation that wiped out...

South Africa to announce plan to fund Eskom on July 23

South African Finance Minister Tito Mboweni aims to table a bill in parliament on July 23 to give struggling state power firm Eskom more...

Airtel Africa drops 10% following debut on Lagos bourse

Airtel Africa shares fell sharply on Wednesday, a day after its debut $4.4 billion flotation in Lagos, mirroring a similar decline on the London...
CGTN Africa