AFRICA

FOLLOW US:

Zimbabwe launches dollar-denominated stock exchange

Zimbabwe has launched a second stock exchange to trade solely in foreign currency, state media reported Saturday, in a move aimed at luring external...

S. Africa sets up national economic recovery council

South African Cabinet has approved the establishment of the National Economic Recovery Council which president Cyril Ramaphosa will chair, Minister in the Presidency Jackson...

Tullow Oil gets okay for $575 million deal with Total

Tullow Oil announced Wednesday that it has received government approvals for the $575 million sale of its Uganda assets to Total The company released a...

South Africa’s economy on recovery, says reserve bank

South Africa's economy has started to recover after showing improvement in August, the South African Reserve Bank (SARB) said on Tuesday. "The composite leading business...

Nigerian venture aims to raise $1.2 billion to solve country’s electricity...

A Nigerian venture plans to raise 480 billion naira ($1.2 billion) over the next three years to buy electricity meters and help power distributors...

Kenyan economy contracts for first time since 2008, COVID-19 responsible

Kenya’s economy contracted for the first time in almost 12 years in the second quarter as the impact of the coronavirus pandemic battered key...

South Sudan abandons plans to introduce new currency

South Sudan said it has reversed its plans to introduce a new currency as the pound continues to depreciate against the U. S. dollar...

Ghana’s inflation rate falls for second consecutive month

Ghana’s inflation rate fell for a second month in September as food-price growth cooled further. Annual consumer inflation slowed to 10.4% from 10.5% reported for...

Uber launches medicines delivery service in South Africa

Uber Eats’ South African unit on Thursday expanded delivery offerings, launching an app-based over-the-counter medicines service as it seeks to claw market share in...

Namibian farmers turn to locally produced biochar as fertilizer

A group of Namibian farmers are changing the face of farming in the normally infertile soils of the desert that characterizes the Southern African...
CGTN Africa