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Chinese yuan being considered as reserve currency for eastern, southern Africa

The Chinese yuan comes under the spotlight this week as 17 top central bank and government officials from 14 countries in eastern and southern...

South African restaurants, salons to reopen amid virus surge

South Africa will ease lockdown rules for a third time since imposing them in March and allow a range of businesses including eat-in restaurants,...

Chinese-built Ethiopia-Djibouti railway records increase in revenue despite pandemic

The Ethiopia-Djibouti Standard Gauge Railway has recorded an over 51 percent increase in revenue during the first half of 2020 despite the difficulties brought...

Akon moves ahead with plans for ‘Akon City’

American R&B singer Akon says construction will begin next year on his $6 billion plan to build a futuristic pan-African city in Senegal. Akon first...

Kenya gives expats 60 days to register or leave

Expatriates working in Kenya have been given 60 days to regularise their status with the authorities as the government intensifies a crackdown on illegal...

Nigeria, South Africa decline to join new African trading bloc for...

African leaders agreed on Wednesday to form a $3 trillion continental free-trade zone encompassing 1.2 billion people, but its two biggest economies, Nigeria and...

Ethiopian Airlines riding out pandemic on strength of cargo boom

Ethiopian Airlines has lost more than $1 billion in revenue during the coronavirus pandemic but has so far managed to avoid seeking a bailout...

Egypt bans water-intensive crops amid fears of Ethiopia dam’s impact

Egypt’s parliament has passed a law banning the cultivation of crops that require a large amount of water, amid fears that a massive Ethiopian...

Tanzania announces ban on single-use plastic bags

Tanzania plans to ban the production, importation, sale and use of all single-use plastic bags by July, to help tackle pollution from non-biodegradable waste. The...

South Africa’s tourism sector hit hard by COVID-19

The COVID-19 pandemic has been ravaging South Africa since March 5, with the tourism sector being among the hardest hit. For several days, the tourism...