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Nigeria transforms state-run oil corporation into independent firm

Nigeria has transformed the state-run Nigerian National Petroleum Corporation (NNPC) into an independent and limited liability firm, about 45 years after the creation of...

Codeshare deal between South African Airways, Kenya Airways opens up more...

South African carrier South African Airways (SAA) and Kenya national carrier Kenya Airways (KQ) have signed a codeshare agreement that opens more destinations for...

South African rand strengthens against U.S. dollar, stocks rise

South Africa's rand advanced early on Monday, as the U.S. dollar nudged down from multi-year highs. At 0731 GMT, the rand traded at 17.0050 against...

South Africa wants to create 2 million jobs before 2024 elections

The South African government says it intends to make 2 million jobs available for South Africans before 2024 by removing foreign nationals. South Africa has one...

Ethiopia’s coffee export revenue hits record $1.4 billion in past fiscal...

The Ethiopian government has disclosed a record 1.4 billion U.S. dollars revenue from the exports of coffee during the just-concluded Ethiopian 2021/22 fiscal year...

Uganda’s central bank hikes interest rate to 8.5 percent to tame...

The Bank of Uganda (BoU) is increasing the interest rate by one percentage point from 7.5 percent to 8.5 percent to contain rising inflation. The...

Kenya tourism leaders to potential travelers: Elections won’t be a problem

The current political campaigns and upcoming elections in Kenya are not a problem for the tourism industry and tourism leaders are encouraging both international...

Rihanna’s Fenty Beauty out to prove Africa is a viable market

Rihanna upended the cosmetics market five years ago when she launched a makeup brand for people of color. Now she is bucking conventional wisdom again...

Kenya surpasses South Africa as continent’s top avocado exporter

Kenya has overtaken South Africa to become Africa’s top exporter of avocados. In Central Kenya, where the majority of the country’s small-scale avocado farmers...

Zimbabwe to legislate use of U.S. dollar for next five years

Zimbabwe's government will maintain the country's multi-currency system and legislate the use of the U.S. dollar for the next five years, finance minister Mthuli Ncube said on...