Business

The newly sworn in President of Zimbabwe, Emmerson Mnangagwa is courting the international investor community to help his country.

The African Development Bank Group’s Board of Directors has approved a loan of €180 million to the Republic of Cameroon to finance the first phase of the government’s Competitiveness and Economic Growth Support Programme (PACCE). PACCE is the first of a three-year programmatic general budget support operations to be implemented from 2017 to 2019 in order to shore up public finances in the wake of dwindling oil prices exasperated by security and related humanitarian challenges within the country and across the CEMAC region.

The IMF has warned that Zimbabwe's economic situation remains very difficult. The fund's mission chief for Zimbabwe Gene Leon told Reuters news agency that immediate action was crucial to reduce the deficit, accelerate structural reforms and re-engage with the international community.

Uber concealed a hack that affected 57 million customers and drivers, the company has confirmed.

The US Department of Justice has filed a lawsuit to block telecoms giant AT&T's acquisition of Time Warner, the owner of CNN and HBO.

Industrial gold production in Mali, Africa’s third biggest producer, is on track to exceed earlier forecasts for this year, a government official said on Friday.

Angolan President Joao Lourenco dismissed Isabel dos Santos as chair of the state oil company Sonangol on Wednesday, in a dramatic move against the family of the former president.

Ghana’s Finance minister, Ken Ofori-Atta has told the country’s parliament that the government would be focusing on job creation in 2018 during his budget statement presentation.

Two of Ghana’s leading telecommunication companies, Airtel Ghana and Tigo have announced a new brand name AirtelTigo after completing a merger process.

Officials in Ghana have announced that the country will begin supplying its neighbor Burkina Faso with 100 Megawatts of electricity.