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Mugabe’s woes wipe out $6 billion from Zimbabwe’s skewed stocks

Since the military seized power last week in Zimbabwe, investors have been dumping stock. The market shed nearly a third of its value in the past week. CGTN's Farai Mwakutuya reports on the current economic...

Ethiopian Airlines could buy 10-20 of Boeing’s proposed mid-sized jet

Ethiopian Airlines would be interested in buying around 10 to 20 of the mid-sized jets that Boeing is studying whether to develop, the African airline’s chief executive said on Tuesday. Boeing is looking at potentially...

U.N. warns of looming food crisis in South Sudan starting next year

The U.N.'s Food and Agricultural Organisation (FAO) warns that the country will begin next year with the worst food security situation in the country's history. More than half the country's population, around 5.1 million,...

Alibaba smashes record with sales volume exceeding $25 billion

China's "Double 11" shopping day has concluded with a bang, with Alibaba smashing its Singles' Day record. The e-commerce giant's Taobao and T-mall, which are China's largest online shopping platforms, recorded a sales volume exceeding...

Africa set to top 1 billion mobile internet connections in five years: study

Africa’s mobile internet connections are set to double in the next five years, a study showed on Monday, thanks to affordable smartphones and the roll-out of high-speed networks. A report by research and consulting firm...

800,000 firms in Nigeria accused of tax evasion

Over 800,000 companies in Nigeria, including some government contractors are being audited for alleged tax evasion, the Minister of Finance, Kemi Adeosun said. “This is an unprecedented initiative that entails cooperation between federal and state...

Ford to invest $211 million in South Africa to boost output

American car-maker Ford said it would invest 3 billion rand ($211 million) in its South African assembly plant to meet rising domestic and international demand for its Ford Ranger pickup truck, the company said...

Nigeria targets pensions, gratuities, terminal benefits for taxation

The Nigerian government may be headed for a collision course with labour unions over plans to tax pensions, gratuities and terminal benefits of workers. The country is seeking to expand its revenue beyond oil and...

Egypt to issue wheat import guidelines within two weeks – minister

Egypt will issue guidelines on wheat imports within two weeks that will detail all specifications, procedures, and regulations for traders selling to the world’s largest buyer, Supply Minister Ali Moselhy told Reuters on Wednesday. Moselhy...

Tech Battlefield: Startups from sub-Saharan Africa go head to head

Young innovators, investors and tech lovers gathered in Nairobi for the first TechCrunch Startup Battlefield competition held in Africa. Startups from sub-Saharan Africa go head to head to compete for the top prize. The event...