Deal reached to end crippling Nigeria fuel crisis

2015-05-25 19:58

An agreement has been reached to end a crippling fuel crisis in Nigeria that has left the country at a virtual standstill just days before a new government is installed.

Nigeria fuel shortages hit MTN, Guaranty bank

2015-05-25 13:30

Severe fuel shortages in Nigeria have hit the services of MTN and forced Guaranty Trust Bank to close its branches nationwide at lunchtime, say the companies.

Nigeria a nation in crisis - opposition

2015-05-25 08:00

Nigeria's President Goodluck Jonathan is handing over a country in its worst-ever state as economic woes cripple the nation, says the main opposition.

Africa: What next?

2015-05-19 07:38

Once touted as the new growth frontier, Africa's glittering investment opportunities seem to have faded as commodities lose their shine, says Malcom Sharara.

Thousands march against Ghana blackouts

2015-05-18 08:31

Thousands of Ghanaians have marched peacefully through parts of Accra to protest the government's failure to solve a three-year long electric power crisis.

Zim government set to take over $1.3b debt

2015-05-14 11:37

The Zimbabwean government is set to take over a $1.3bn debt from the the Reserve Bank of Zimbabwe through the RBZ Debt assumption bill.

Zim asks West for cash for first time in a decade

2015-05-08 18:27

Zimbabwe has asked for financial support from the West for the first time in a decade at a meeting of Western diplomats and international lenders.

Lower prices to hurt Africa's oil producers -IMF

2015-04-28 14:15

Lower oil prices will reduce growth in Africa's major petroleum producing countries and push governments to implement significant policy adjustments says the IMF.

Zim a very difficult environment - Old Mutual

2015-04-27 11:25

Old Mutual Zimbabwe says vacancies at its properties have grown to 19% as the operating environment in the country continues to deteriorate.

SA companies not pulling out of Africa amid xeno threats

2015-04-21 05:00

SA mining firms in Zimbabwe and other Africa operations have not been targeted by retaliatory action over the recent xenophobic attacks in Durban and Johannesburg.


Nigeria fuel shortages hit telecoms, banking, aviation

2015-05-25 19:50

Chronic fuel shortages in Nigeria has brought phone firms, banks and flights to a standstill, just four days before Muhammadu Buhari's inauguration as president of the country.

Africa's GDP growth at pre-economic crisis levels

2015-05-25 12:29

African economies will grow 4.5% this year and 5% in 2016 due to rising demand for exports, the highest levels since the global economic crisis took hold in 2007.

What Africa really needs

2015-05-21 06:39

A sound educational culture is key to genuine upliftment, says Leopold Scholtz.

Technology to narrow Africa’s energy gap - source

2015-05-18 19:04

Private investment and technological advances are key to boosting power generation in Africa where an estimated 600 million people lack access to electricity.

Africa’s 'resource nationalism': Is it in the national interest?

2015-05-17 17:08

Like a game of Risk, our idea of national control tends to be fixated on owning resources within neatly defined borders, in today’s world, this doesn’t make sense

Africa's richest economy surviving on borrowed cash

2015-05-09 13:22

Nigeria's finance minister says the country is borrowing money to pay salaries as it struggles through a "difficult cash crunch" brought on by halved oil prices.

ICBC in $2bn Equatorial Guinea deal

2015-04-29 14:01

Industrial and Commercial Bank of China, China's biggest lender by assets, says it has signed an infrastructure deal worth $2bn with Equatorial Guinea.

Lagos port bottleneck for Africa's top economy

2015-04-27 19:15

The road leading to the Lagos port, which handles nearly everything that Africa's biggest economy imports, is one of the most congested in the megacity.

Africa growth could be weakest in over 20 years

2015-04-21 14:59

Growth in Africa is likely to slow to the most sluggish pace in more than 20 years and some countries could even slip into recession, warns an expert.

More firms repatriating SA staff on xenophobic attacks

2015-04-20 12:33

Kenmare Resources has joined the list of firms repatriating South Africans working in Mozambique and elsewhere in Africa for their safety after xenophobic attacks back home.

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