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Algeria crude oil output tumbles in 2020

Algeria's oil revenues collapsed in 2020, according to energy ministry figures released Sunday, exacerbating an economic crisis in the North African country which is...

S. African restaurants association to take government to court over alcohol...

The Restaurants Association of South Africa (RASA) said it was taking the government to court over the alcohol sale ban imposed in late December. RASA...

Anheuser-Busch InBev cancels $165 million investment in South Africa

Anheuser-Busch InBev NV’s South African division canceled a further 2.5 billion rand ($165 million) of investment after the government banned alcohol sales for a...

Kenya, IMF close to agreement on $1.5 billion loan

Kenya may soon renew a $1.5 billion standby facility from the International Monetary Fund that expired in 2018 after implementing fiscal measures as demanded...

Africa urged to enhance security for digital commerce platforms

African countries should enhance the security of online commerce platforms amid risk of attack by cyber criminals, an executive said on Tuesday. Ebrima Fatty, chief...

Chinese-built project to boost natural gas supply in Ghana

Ghana's Tema Liquefied Natural Gas (LNG)Import Terminal Project that is under construction by China Habour Engineering Company (CHEC) will significantly boost Ghana's natural gas...

R&B star Akon enters Congo mining sector in JV with state...

American-Senegalese R&B singer Akon, through his company, has signed a deal to finance a copper and cobalt mine in the Democratic Republic of Congo...

South African economy to rebound in 2021: World Bank

In its latest Global Economic Prospects report,  the World Bank predicts South Africa's growth will rebound to 3.3 percent in 2021 -- 0.7 percentage...

South Africa may ban alcohol as COVID-19 cases surpass 1 million

South Africa may reinstate a ban on liquor sales as part of efforts to control a surge in COVID-19 infections, which have now surpassed...

Biggest Nigerian pension fund manager has plan to help the naira

Faced with bond yields coming off record lows and a hard-to-trade equity market, Nigeria’s biggest pension-fund manager wants the flexibility to invest directly in...
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