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Kenya Airways chairman calls for professional board after nationalisation

Kenya Airways (KQ) must avoid picking a board packed with politically connected individuals after it is re-nationalised in order to ensure future success, its...

South African petrol prices fall but not as far as expected

An attack on a major oil facility in Saudi Arabia means that a predicted drop in the petrol price for October will be lower than anticipated,...

Oil prices shoots up after an attack on Saudi oil facilities

Oil prices surged on Monday, with Brent crude posting its biggest intra-day percentage gain since the Gulf War in 1991, after an attack on...

Zimbabwe central bank says cash shortages affecting tourists

Zimbabwe's central bank on Friday said the ongoing cash shortages are affecting foreign visitors to the country. The bank is controlling the supply of money...

Ethiopian Airlines records a 17% increase in operating revenue

Ethiopian Airlines said it recorded a 17 percent increase in operating revenue in the year to the end of June and an increase in...

Google pays $1.1 billion to settle French tax dispute

Google will pay $1.1 billion to end two French fiscal cases following years of outrage over the amount of tax it pays in Europe. France’s...

British American Tobacco slashes jobs, shifts focus to e-cigs

British American Tobacco (BAT) has announced plans to lay off 2,300 jobs globally by January. The job cuts will eliminate 4% of its workforce...

Southern African countries reach agreement with Britain

South Africa and five other Southern African countries have concluded a new trade agreement with Britain, said the government official on Wednesday. The South African...

Testing the tracks of SGR’s new Nairobi-Naivasha line

The massive effort to create a rail link between Kenya’s capital Nairobi and the strategically critical Indian Ocean port of Mombasa was derided by...

DR Congo stands to gain if interest in electric cars surges

Demand for metals used in battery electric vehicles could go higher if electric cars reach 8% of road traffic by the mid-2020s, delivering huge...
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