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Aliko Dangote launches 1.5 million ton cement plant in Douala

Africa's richest man, Aliko Dangote launched a 250 million U.S. Dollar cement plant in Cameroon's largest city, Douala this week. The Dangote Cement plant will have a capacity of 1.5 million metric tonnes of cement...

Chinese state firm signs deals with Africa’s richest man Aliko Dangote

Africa's richest man Aliko Dangote, has signed a multi million dollar deal with a Chinese state owned company Sinoma International Engineering. Dangote Cement signed contracts worth $4.34 billion on Wednesday with China's Sinoma International Engineering...

South African woman creates ‘wonderbag’ to help poor women

Seven years ago, a South African entrepreneur Sarah Collins came up with the Wonderbag concept. It is a simple idea which has helped thousands of women who face a daily battle against inflation and little...

South African Rand sinks to its lowest in years

South Africa's rand tumbled to it's lowest since 2011 on concern that the plunge in global commodity prices will deepen further. The rand weakened 3.3 percent to 13.41 a dollar in early trade, the most...

Uganda, Kenya sugar woes: Is there a deal signed?

Uganda says that no formal deal has been sealed between its president Yoweri Museveni and Kenya's Uhuru Kenyatta for the export of sugar into Kenya. The Trade ministry says the leaders were simply making sure...

Should Kenya lift the ban on GMO foods?

The first biotech food crop ever to be grown in the open environment in Kenya is set to be planted. This as the government is considering whether to lift a three-year import ban on Genetically...

Meet South Africa’s youngest millionaire

The Foreign exchange market is the biggest financial market in the world. At least four trillion dollars is traded on currency markets on a daily basis. This market is known for its volatility and high...

Italian, Agnelli family buys 43% of The Economist

British company, Pearson has sold its 50 percent stake in the company that owns The Economist magazine to the group's other shareholders for about 730 million dollars. The move comes a month after the...

Rwanda entrepreneur creates a solar mobile charging kiosk

Rwanda's Minister for Youth and ICT has been urging the country's young people to be more innovative and become job creators rather than job seekers. One of those young people, has become an inspiration to...

Zimbabwe bans second hand clothes imports

Zimbabwean street vendors say a move to ban the importation of second hand clothes for re-sale could drive thousands of traders into poverty. With soaring national unemployment rates there are fears the ban, which...