AFRICA

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Nigerian naira weakens as election delay fuels uncertainty

The naira weakened on the forward market on Monday and Nigerian stocks fell as investors worried that delaying elections for a week could lead...

South Africa’s Bosasa set to close as banks pull out

South African services firm Bosasa, which is known as African Global Operations, said on Monday it had applied for voluntary liquidation after its banks...

Ethiopia and Djibouti sign deal to build gas pipeline

Ethiopia and Djibouti have signed a deal to build a pipeline to transport Ethiopian gas to an export terminal in the Red Sea state,...

South African Airways to pay Comair $78mn to settle competition case

State run South African Airways (SAA) is expected to pay its rival Comair 1.1 billion rand ($78 million) to settle an anti-competition case, sending...

World Bank, IMF officials wrap up visit to Morocco

A high-level team from the World Bank Group (WBG) and the International Monetary Fund (IMF) Friday concluded a two-day visit to Morocco to prepare...

Kenya stock market off to best start since 2013

After largely avoiding equities for the past two years in favor of the fixed-income market, money managers in Kenya are back buying stocks and...

Eskom split will minimise risks to economy, Ramaphosa

South Africa’s President Cyril Ramaphosa said on Thursday that his government’s plan to split struggling state power firm Eskom into three entities would reduce...

Kenya’s KenGen to raise funds from the market this year, eyes...

Kenya’s state-owned power producer, KenGen, has announced plans to raise funds from the market later this year and it may opt to issue the...

Investors’ happy with Magufuli industrial drive

In what may be termed as the ‘Magulification’ effects, industrial owners and investors in Tanzania have commended the great support from President John Magufuli...

Ghana central bank considers interest-rate cut

Ghana’s central bank has room for another interest-rate cut as early as next month, according to a member of the Monetary Policy Committee. Following an...

Recent

Libyans celebrate 8th revolution anniversary

3 hours ago
Libyans celebrated the 8th anniversary of the uprising that led to toppling of long serving leader, Muammar Gaddafi in 2011. Eight years ago, Libya experienced...

Army to be “ruthless” against tampering in Nigeria’s postponed vote – Buhari

3 hours ago
President Muhammadu Buhari on Monday warned that anyone trying to tamper with Nigeria’s postponed vote risked their lives and accused the electoral commission of...

Rwanda hasn’t banned Ugandan goods – envoy

4 hours ago
The deputy Ugandan Ambassador to Rwanda, Ms Anne Katusiime, yesterday dismissed as rumours claim that the Rwandan government had banned the exportation of Ugandan...

Four Zimbabwe generals retired in Mnangagwa’s first purge of military

6 hours ago
Zimbabwe President Emmerson Mnangagwa retired four generals on Monday, in the first major shake-up of the armed forces since he took office and including...

Opinion

CGTN Africa

Opinion: Competition, then cooperation may be the best way to build up Africa

1 month ago
A new U.S. strategy for Africa was recently released by Washington, the core of which is to further U.S. priorities in Africa by strengthening...
CGTN Africa

Opinion: Strong, fair trade with China critical to Africa’s development

by Dr. David Monyae The Africa-China relationship can best be described as comprehensive and strategic at this stage. This is primarily due to multiple agreements...
CGTN Africa

Opinion: Through CIIE, China projects bold new vision of the future

  by Ken Gichinga A new economic vision for China was unveiled during the launch of the world’s first International Import Expo in Shanghai. In his...
CGTN Africa