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Namibia seeks $1 billion in investments

Namibia is to host a two-day economic summit which is expected to attract at least $1 billion worth of investments over the next two...

Biggest marine diamond mining vessel gets funded by African banks

Five African commercial banks have partnered in a $375 million financing deal to build a new diamond mining vessel for a subsidiary of Anglo...

Telecoms willing to do business in Ethiopia despite internet blackout

An internet blackout in Ethiopia last week cost the economy millions of dollars and crippled businesses, but an analyst said it was unlikely to...

Live: Huawei founder & CEO Ren Zhengfei holds discussion in Shenzhen

Huawei founder and CEO Ren Zhengfei is having a discussion with two American technological gurus, George Gilder and Nicholas Negroponte, at the company's Shenzhen...

Equity Bank opens representative office in Ethiopia

Regional lender Equity Bank has opened a commercial representative office in Ethiopia, as part of plans to set up operations in the horn of...

East Africa region sees spending as crucial to economic growth

East African countries plan to increase spending dramatically on infrastructure projects in budgets to be released Thursday. But the question many ask is whether...

Bharti Airtel to pay $26 million to Tanzania to settle dispute

India’s Bharti Airtel has agreed to pay 60 billion shillings ($26 million) over five years and cancel debt to resolve a dispute over ownership...

Sub-Saharan Africa 2019 growth to rise to 2.9%: World Bank

The World Bank says it expects the economic growth of Sub-Saharan Africa to pick up to 2.9% in 2019 in its latest report. The Bank...

Chinese-built project to power 300,000 Angolan households

A power project in Angola undertaken by Chinese firm is expected to provide electricity to 300,000 households and benefit more than 2.5 million people. The...

Factbox: China, Africa to embrace closer economic, trade ties

China and African countries will see more intimate economic and trade ties as the first China-Africa Economic and Trade Expo will open on June...
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