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Total and Tullow to sale stakes in Kenyan oil project

Total and Tullow Oil intends to reduce their stakes in Kenya’s first oil development with a joint sale that could see Tullow exit completely...

Power cuts cost South Africa up to $8.3bn in 2019

  Power cuts by state utility cost the South African economy up to 120 billion rand ($8.3 billion) last year and will probably persist for...

Nigeria exempts food from VAT as it increases tax

Nigeria has increased Value Added Tax (VAT) from 5 percent to 7.5 percent to raise revenue but exempted many foodstuffs from VAT to alleviate...

Zambian leader reaffirms commitment to grow small, medium enterprises

Zambian President Edgar Lungu on Monday said that his government will continue to pursue policy and legal reforms aimed at ensuring the sustained growth...

Zimbabwe acquires aircraft from Malaysia to boost state airline operations

Zimbabwe's state-owned airline, Air Zimbabwe, on Monday took delivery of one of the two Boeing 777-200 aircraft bought by government from Malaysia as part...

UK Premier Boris Johnson pushes for deeper trade ties with Africa

UK Prime Minister Boris Johnson is scheduled to call for deeper investment ties between Britain and Africa at a summit for leaders of 21...

World’s wealthiest 2,000 people hold more than poorest 4.6 billion

Revelations by Oxfam shows that the world’s 2,153 billionaires have more wealth than the 4.6 billion people who make up 60 percent of the...

Rwanda’s macroeconomic performance strong: IMF

The International Monetary Fund (IMF) on Friday concluded the first review of Rwanda’s programme supported by the IMF’s Policy Consultation Instrument (PCI). According to the...

Africa-based entrepreneur tries to crack luxury cigar market

While drinking in a nightclub in Mozambique in 2015, Kamal Moukheiber had an idea: a luxury cigar made not in Cuba, but in southern...

Kenya seeking a near $1 billion loan from World Bank

Kenya is in advanced talks with the World Bank for “a fairly priced” loan of up to 100 billion shillings ($991.57 million), nearly half...
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