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Business

South Africa’s growth rate to slow due to blackouts

South Africa since last year has been experiencing major power cuts due to the challenges confronting its power producer Eskom. The company is struggling to...

Jumia’s African identity questioned

Last week Jumia was celebrated globally for listing on the New York Stock Exchange. It was a novelty for African startups which Jumia is...

Africa’s Jumia lists on New York Stock Exchange

African e-commerce start-up Jumia has finally debuted on the New York Stock Exchange. Jumia listed 17.6% of its shares at $14.50 a share as it...

How Africa fared in latest IMF World Economic Outlook

The International Monetary Fund has released its regular assessment of the World Economic Outlook which forecasts global growth of 3.3% this year and 3.6%...

Sub-Saharan Africa records $46bn in remittances for 2018

Africa remains one of the major regions where remittances continue to form an integral part of the many economies. The World Bank in a brief...

Economic growth in Sub-Saharan Africa to slow in 2019

The World Bank has cut its growth forecast for Sub-Saharan Africa this year to 2.8 percent from an initial 3.3 percent, it said on...

Meet Africa’s wealthiest monarchs worth over $6 billion

Africa is home to rich traditions and cultures and monarchs form an important aspect of African societies. They are very powerful in some communities affecting...

Eskom to get more funding from SA government

South Africa's government has revealed plans to potentially provide more financial support for the struggling state power provider, Eskom. The company is struggling to stay...

Zimbabwe’s new currency loses value by 20%

In February this year, Zimbabwe introduced a new currency called the RTGS, or Real-Time Gross Settlement dollar. The new currency was meant to deal with...

Lisbon to play host to 21st Africa Energy Forum

Whilst the 20th edition last year reflected on the pivotal players and moments of the last 20 years, this year’s Forum in Lisbon will...

Latest news

Nigerian High Commission apartments in Ghana demolished

Some new apartments built at the residence of the Nigerian High Commissioner in Ghana’s capital city Accra, have been demolished by bulldozers. The apartments have been constructed to...

Covid-19: Ghana records significant recovery numbers

Ghanaian health officials on Saturday said over 10,000 persons infected with the coronavirus have now recovered. The significant number of recoveries means the country now...

DR Congo: President’s ex-chief of staff jailed 20 years for corruption

The ex-chief of staff of the president of the Democratic Republic of Congo has been jailed 20 years by a high court. Vital Kamerhe was...

Covid-19: Zimbabwe’s health minister arrested, charged for graft

Zimbabwe's Health Minister Obadiah Moyo has been arrested over corruption allegations related to procurement of medical equipment worth $60 million. Moyo is accused of illegally...

Ghana’s new law that jails citizens not wearing facemask 10 years

Ghanaians who fail to wear the face masks in compliance with a presidential directive risk going to jail for ten years. They also face a...
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