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South Africa’s Eskom investigates CEO over racism allegations

South Africa's troubled power utility Eskom on Tuesday announced it would launch an independent investigation into allegations of racism leveled against its chief executive who...

Kenya’s port cargo volumes peak amid easing of COVID-19 restrictions

Kenya's Mombasa port has witnessed steady growth in import volumes for both general and containerized cargo following cessation of COVID-19 restrictions and lockdowns in...

Nigeria’s economic growth slows for first time since end of recession

Nigeria’s economic growth slowed in the first quarter of 2018 for the first time since the country pulled out of recession last year as...

Agency banking overtakes ATMs in Uganda

Latest figures from the Uganda Bankers Association (UBA) show that agency banking, which was introduced to the country in 2018, has overtaken the use...

Petition launched in South Africa to break monopoly on electricity generation

A nationwide petition was launched on Wednesday in South Africa with the aim of breaking the monopoly state-run electricity utility Eskom has on electricity generation...

Zimbabwe asks European Union to remove sanctions

Zimbabwe is appealing to the European Union (EU) to remove sanctions, which it says have continued to hinder development and caused the economic meltdown. This...

World Bank: Drought to drag down Kenya’s 2019 economic growth

Dry weather across much of Kenya is likely to curb its economic growth this year, the World Bank said on Tuesday, cutting its forecast...

Eskom price hike to cost South Africa 90,000 mining jobs says...

South Africa’s gold and platinum mines will shed around 90,000 jobs in the next three years as above-inflation electricity price increases by power utility...

China-Kenya forum to boost Kenya manufacturing competitiveness

The China-Kenya Industrial Capacity Cooperation Forum that will take place next week in Nairobi will boost Kenya's manufacturing competitiveness, organizers said on Thursday. Miao Ligang,...

COVID-19 may impact African economies for three years

It may take three years for African economies to recover from the slowdown brought by the COVID-19 pandemic, according to the continent’s finance ministers. Development...
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