Ghana to cut 2017 spending as it struggles to raise revenue

2017-08-21 14:36

Ghana plans to cut spending this year as weak revenue collections are the 'Achilles’ heel' in getting its accounts to balance, says Finance Minister Ken Ofori-Atta.

Alexander Forbes changes name in Kenya

2017-08-15 15:08

In line with new local ownership laws, Alexander Forbes in Kenya has changed its name and brand in the new entity.

Angolan leader opens nation's largest hydro plant

2017-08-06 16:00

Angolan President Jose Eduardo dos Santos, who steps down from office at the end of this month, has officially opened the country's largest hydro-electric dam.

Zim unit owes AB InBev more than $40m amid foreign currency crisis

2017-07-31 15:01

Anheuser-Busch InBev is owed more than $40m in dividend payments from its Zimbabwean associate Delta Corporation, as the foreign currency crisis in that country worsens.

Africa will need 24 000 new pilots - report

2017-07-25 19:00

Boeing's 2017 Pilot and Technician Outlook estimates how many new pilots, technicians and cabin crew will be needed over the next 20 years.

10 wealthiest cities in Africa

2017-07-24 20:25

Four South African cities are among the top 10 wealthiest in Africa in terms of "total wealth held", according to a review by AfrAsia Bank and New World Wealth.

Zim inflation makes surprise U-turn

2017-07-18 15:44

Zimbabwe’s inflation made a surprise U-turn in June, giving respite to the Reserve Bank of Zimbabwe whose currency initiatives have been blamed for the upward trend in inflation.

Zim businesses feel the pinch of cash shortages - poll

2017-07-07 13:25

Cash challenges have had a significant impact on Zimbabwean businesses, with 76% of participants in a KPMG poll saying they have experienced a significant negative impact as a result.

Zim audit shows shocking abuse of public funds

2017-06-28 11:21

A report by Zimbabwe’s auditor general has revealed shocking details of the abuse of public funds at state-owned institutions and government ministries.

Mozambique debt probe sees R6.4bn in unexplained loans

2017-06-26 10:07

Mozambican state companies have failed to account for about a quarter of the proceeds of $2bn in loans being investigated, according to a report.


Fear stalks Nairobi slum in ugly twist to Kenya vote impasse

2017-08-16 13:25

In a Nairobi slum named Lucky Summer, residents tell of being terrorised by men with dreadlocks wearing official Kenyan paramilitary uniforms who stalk the streets at night.

Zambia’s real estate sector gears up for growth

2017-08-15 14:58

Zambia’s real estate sector is looking forward to a new chapter as it begins to leverage off opportunities in the steadily growing economy.

Zim creates fund for foreign portfolio investors

2017-08-03 10:34

The Reserve Bank of Zimbabwe is set to introduce an investment fund to facilitate repatriation of sale proceeds and dividends for foreign investors on the Zimbabwe Stock Exchange.

Nigeria holds key rate at 14% as it seeks currency stability

2017-07-26 11:00

Nigeria’s central bank has left its main lending rate unchanged for a sixth consecutive meeting as it seeks to hold on to gains it’s made in inflation.

Weak naira, inflation leave Nigeria little room to cut rates

2017-07-25 13:30

A weak naira and stubborn inflation may prevent Nigeria’s central bank from following South Africa and Ghana in cutting interest rates.

Ghana cuts key rate to lowest since 2015

2017-07-24 14:11

Ghana’s central bank reduced its key interest rate for a third straight meeting as consumer prices rose at the slowest rate in four years and the currency strengthened.

See what super-rich in Africa like to drive, wear, drink

2017-07-16 12:04

A survey looked at what the most expensive popular luxury clothing brands, card and drinks were among high net worth individuals in Africa.

Transnet in bid for $400m recap of Zim railways

2017-07-05 10:50

Transnet is bidding for the $400m recapitalisation of the National Railways of Zimbabwe and has submitted bid documents to the State Procurement Board.

Mozambique banks snared in debt crisis must merge to thrive

2017-06-28 10:57

Mozambique’s smaller banks should combine in an effort to overcome the blow dealt by government debt defaults after four lenders failed over nine months.

Nigeria rolls out $2bn Brazil-like social-welfare plan

2017-06-22 09:45

Nigeria is rolling out its first national social-welfare programme modelled partly on Brazil’s Bolsa Familia in a bid to boost a weak economy and curb poverty.

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