Business

The Harare International Airport in Zimbabwe renamed after the country’s long serving leader, Robert Mugabe is to be upgraded with a $153 million loan from China Export and Import Bank.

The AfDB Group's Board of Directors has approved a total AfDB loan of €98.06 million to finance a program of the regional airline, Air Côte d’Ivoire (ACI) to modernize and expand its operations. The loan consists of a €51.16 million sovereign loan, a €42.64 million private sector loan, and an African Development Fund (ADF) loan of €4.26 million.

Ghana is a major producer of Cocoa but it is not a leader in adding value to its Cocoa to produce Chocolate. In Ghana’s splash residential area of East Legon, two sisters are working hard to change this narrative.

The Trump administration has reportedly demanded sale of assets such as CNN before it would approve an $85bn (£65bn) Time Warner and AT&T merger.

Taxi drivers in South Africa on Wednesday embarked on strike as they agitate over the country’s bus rapid transport system and conditions under which they operate.

Nigeria has set out its budget for 2018, aimed at helping the economy recover from its first recession in 25 years.

Ghanaian fruits and vegetable farmers can now export their produce into European markets after a ban imposed in 2015 was lifted by the European Union.

Some players in Ghana’s automobile space are pushing for stricter regulation on the importation of used cars into the West African country to check the risk it poses to its economy.

More than 800,000 companies in Nigeria, including government contractors, have never paid any taxes, Finance Minister Kemi Adeosun has revealed. In a statement, she also said that only 14 million Nigerians, out of an economically active base of 70 million, paid taxes.

Guinea, Mauritania, Senegal and the Seychelles have informed the FiTI Secretariat of their desire to join the Fisheries Transparency Initiative (FiTI). On the model of the Extractive Industries Transparency Initiative (EITI), FiTI is a code of conduct involving States, civil society, development partners and operators in the fisheries sector that provides for the publication of all national legislation on and all contracts related to the fisheries sector.