Mozambique's government plans to set up a sovereign investment fund where taxes paid on sales of the country's minerals will be used to finance development projects, state-run AIM news agency said on Monday quoting the finance minister.
South African President Jacob Zuma on Monday signed in to law the Financial Sector Regulation Act, know as "Twin Peaks", which will establish a prudential regulator and a separate, dedicated market conduct regulator.
French oil giant Total said Monday that it would buy Maersk Oil, a unit of Danish shipping giant A.P. Moller-Maersk, for $7.45 billion (6.35 billion euros).
Libya's Sharara oilfield, the country's largest, has been shut down since Saturday because of a pipeline blockade, industry sources and an engineer said.
Royal Dutch Shell has lifted a cargo of 600,000 barrels of crude oil from Libya's Zueitina port, its first from the war-torn north African country in 5 years, two industry sources told Reuters on Saturday.
Egypt's first bitcoin exchange will go live later this month, the founders of Bitcoin Egypt said, linking the Middle East's most populous country with a cryptocurrency that has surged in value in recent months.
The richest man in Africa, Aliko Dangote who also supports English Football club, Arsenal has announced that he is planning on buying the club and his first decision would be to sack the current manager, Arsene Wenger.
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...
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...
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...
