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23 Mar 2018
The Foreign Office has appointed its first black female career diplomat as a high commissioner as it steps up efforts to change the overwhelmingly white, male face of the diplomatic service. NneNne Iwuji-Eme, who has spent 16 years in the Foreign Office, will take up her role as British high commissioner to Mozambique in July,…
23 Mar 2018
AB InBev, which owns a majority stake in Tanzania Breweries Limited, the country’s biggest brewer, will invest $100 million in a new beer plant in the administrative capital Dodoma, the president’s office announced. President John Magufuli on Monday chaired a day-long meeting with major foreign and local investors and gave government ministers a seven-day ultimatum…
23 Mar 2018
Mark Kingon was appointed acting head of South Africa’s tax office on Tuesday, hours after President Cyril Ramaphosa suspended his predecessor and days before a Moody’s review that could see the country lose its last investment-grade credit rating. The move was seen as a signal of intent to ratings agencies and investors that had lost…
23 Mar 2018
A group of Mozambique’s international creditors said on Wednesday it hoped to soon start constructive debt restructuring talks with the heavily indebted African country, with follow-up high level meetings scheduled in four weeks time. Mozambique had tabled the key outlines of a three-pronged proposal to restructure roughly $2 billion in debt during a meeting with…
16 Mar 2018
Nigeria’s Central Bank Governor, Godwin Emefiele says the institution is ready to support businesses that would like to work with the CBN towards achieving import substitution adding that the move is aimed at increasing...
16 Mar 2018
The International Monetary Fund has approved a request by Kenya to extend by six months a stand-by agreement that was due to expire at the end of March, giving it time to finish mandatory reviews, the IMF said in a statement.
16 Mar 2018
As was generally expected, the National Super Alliance (Nasa) of last year’s presidential hopeful Raila Odinga looks set to collapse.
16 Mar 2018
South Africa’s central bank expects a hike in value added tax (VAT) to lift inflation by around 0.6 percentage points over the coming year though it doesn’t expect to raise interest rates in response, one of its top policymakers said on Tuesday.
16 Mar 2018
Zimbabwe’s state-owned electricity distributor has given businesses, including mines and large-scale farms, six months to clear their bills or risk being cut off and face litigation, the company said on Monday.
9 Mar 2018
Kenya’s private-sector activity expanded at a rapid pace last month as output rose and orders increased, a survey showed on Monday, news that will cheer investors after months of election-related contraction last year. The Markit and CFC Stanbic Kenya Purchasing Managers’ Index (PMI) for manufacturing and services rose to 54.7, its highest since April 2016,…
9 Mar 2018
The minister told South Africans not to consume any ready-to-eat processed meat due to the risk of cross-contamination. The announcement prompted a frenzied clearing and cleaning of the shelves by local supermarkets chains Shoprite, Pick n Pay, Spar and Woolworths, which also urged consumers to return the meats for refunds. Neighbouring states acted swiftly. Zambia…
9 Mar 2018
South Africa said on Monday producers of cold meat products were to blame for delays in tracing the cause of the world’s worst listeria outbreak, which has killed 180 people in the past year. As shoppers queued up to return processed meat items and demand refunds, shares in the biggest food firm in Africa’s most…

Latest

1 hour ago
A Los Angeles sculptor on Wednesday marked the second anniversary of Kobe and Gianna Bryant's death with a statue on the site of the helicopter crash in Calabasas, California. Dan Medina built the 160-pound statue of the NBA star and his 13-year-old daughter and erected it over the site of the crash that killed them…
4 hours ago
Amid calls for improved budgetary allocation to education by both Federal and state governments, successive administration at all levels in the country have failed to heed the call.
4 hours ago
The controversies surrounding continued payment of fuel subsidy may not have ended as the Nigerian National Petroleum Corporation (NNPC) Limited, yesterday, presented a bill of N3 trillion for deliberations at the Federal Executive Council (FEC) meeting...
5 hours ago
A Federal High Court, Abuja has declared as unconstitutional the Federal Government’s deduction of funds directly from the Federation Account to fund the Nigeria Police Force (NPF) in line with Section 4(1)(a) and (b) of the Nigeria Police Trust Fund (Establishment) Act 2019.
5 hours ago
The Chairman, China Africa Business Council (CABC), Chief Dana Chen, has announced that the Chinese government is planning to invest over $300 billion in the African continent over the next three years.