Africa's 6 wealthiest cities - and where to find the continent's billionaires

2019-10-09 06:01

SA grabbed the two top spots and Cairo, Egypt only came in third, although it is home to more dollar billionaires than any other African city.

New laws on the cards to regulate participation of foreigners in SA economy - report

2019-09-28 11:30

Government is working on developing legislation to regulate the participation of foreign nationals in the country.

Zambia may double electricity prices as drought slashes supply

2019-09-17 16:23

Zambia, Africa’s second-biggest copper producer, may double power tariffs as the government seeks more costly imports to offset a shortfall from its drought-stricken hydropower dams.

Elephant hunts start in Botswana with cautious pricing approach

2019-09-14 15:00

Botswana has reintroduced elephant hunts with a cautious approach to pricing, a move that’s likely to further inflame the controversy that’s threatening a $2bn tourism industry after a five-year ban on hunting was lifted.

Zimbabwe's farmers look back at 'hell' under Mugabe

2019-09-12 21:45

At its zenith, the Mount Carmel farm in northern Zimbabwe boasted 500 livestock and shipped its mangoes and lemons to Europe, a continent away.

Climate change behind Zim's power problems – Energy Minister

2019-09-07 07:00

Zimbabwe Energy Minister Fortune Chasi says the country is looking to incorporate alternative energy sources for its Integrated Resources Plan, amid climate change challenges impacting its hydropower plant.

Ramaphosa: Africa needs 'virtuous cycle' of integration for economic growth

2019-09-06 06:00

The African Continental Free Trade Agreement has been lauded by some leaders at the WEF on Africa as a significant step in improving integration on the continent.

African governments must 'be brave' to fight corruption, Ramaphosa tells WEF

2019-09-05 19:42

President Cyril Ramaphosa has told delegates of WEF Africa that part of the challenges Africa must overcome is to rid it of corruption, in the interests of creating a better investment climate.

Nigeria withdraws from the WEF

2019-09-04 17:57

The personal assistant to Nigerian President Muhammadu Buhari has confirmed over Twitter that the government will be withdrawing from the World Economic Forum Africa being held in Cape Town this week.

Nigeria’s GDP data raises the stakes in fight against poverty

2019-09-03 17:01

Economic growth in Africa’s largest oil producer slowed for the third consecutive quarter, adding further pressure on the government to fight rising poverty.


WATCH: Kenya's Central Bank says R1bn of its old banknotes are 'worthless paper'

2019-10-03 21:31

Nearly 210 million old 1 000 shilling notes has been returned, the central bank announced. This means 7.3bn shillings (just over R1bn) became worthless pieces of paper, bank governor Patrick Njoroge said.

R45bn in bailouts later, Ghana power deals risk new debt headache

2019-09-19 08:31

After issuing more than 17 billion cedis (around R45bn) in bonds over the past two years to bail out banks and repay energy arrears, Ghana faces a new debt risk.

Explainer: How Nigeria got hit with a $9.6bn judgment debt in London

2019-09-15 13:13

Nigeria has received a legal hiding after a UK court awarded a private company a $9.6bn judgment debt against the West African nation.

IMF sees Namibia growing in 2020 after three-year contraction

2019-09-14 10:00

Namibia’s economy will return to growth in 2020 after contracting for three straight years, but a failure to implement structural reforms could keep the southwest African nation stuck in a low-growth trap, according to the International Monetary Fund.

WEF launches fund to help SA fight gender-based violence

2019-09-07 08:15

The World Economic Forum has established a fund to support South Africa's fight against gender-based violence.

SA government must apologise to the continent for afrophobia, Nigerian politician tells WEF

2019-09-06 13:05

The two strongest economies in Africa – Nigeria and South Africa - must work earnestly to resolve the crisis of afrophobia for the continent to thrive economically, says a former Nigerian minister.

Free trade in Africa will need more than an agreement – WEF panel

2019-09-05 22:00

When it comes to successfully implementing a free trade plan across Africa, it will take more than just having heads of state sign an agreement, delegates at WEF Africa heard.

African CEOs are positive about continental free trade pact – PwC

2019-09-04 18:55

The African Free Trade Agreement has been welcomed by African CEOs who see it as a positive development, according to PwC Africa CEO Dion Shango.

Ramaphosa: Economy may be recovering, but urgent reforms are needed

2019-09-04 10:15

Briefing business community leaders at a seminar organized by Brand SA, President Cyril Ramaphosa said government is making an effort to improve the ease of doing business in the country to attract more investment.

Zim fuel prices soar (again), minister says more hikes on the cards

2019-08-26 19:13

Cash-strapped Zimbabwe received news of another fuel price hike on Monday, but Finance and Economic Development Minister Mthuli Ncube says he would like to see the fuel price increase further.

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