Business

Ghana has signed an agreement with China that could lead to a 10 billion dollar investment in Ghana's bauxite industry. The money will also boost the country's infrastructure at a time when economic growth has slowed in recent years. Ghana’s Senior Minister Yaw Osafo Marfo says the Chinese Development Bank will provide the money. This is just the latest development in the growing interest of China in Africa. The extent of that interest has been highlighted in a new report from McKinsey consultancy group. It says that in two decades, China has become Africa’s most important economic partner. Across trade, investment, infrastructure financing, and aid, no other country has such depth and breadth of engagement in Africa".

Widows of four of the nine men executed by Nigeria’s military regime in 1995 have a filed a civil lawsuit in The Hague, Netherlands, accusing Royal Dutch Shell of alleged complicity in a military crackdown. The deaths of the men - known as the Ogoni nine - provoked an international outcry. The lawsuit accuses the oil giant of providing support to the military, which ultimately led to the execution of the men

French investment bank BNP Paribas has been accused of genocide, crimes against humanity and war crimes related to the mass slaughter in 1994 that claimed more than 800,000 lives. Reuters reports that three non-government organisations (NGOs) have filed a lawsuit in Paris against BNP Paribas, alleging that it knowingly approved a transfer of $1.3m from the Rwandan central bank to an arms dealer during the genocide.

President of the African Development Bank Dr Akinwumi Adesina has been awarded with the World Food Prize for helping Africa get it right in agriculture and making it a key player of securing food for the world. The World Food Prize board chose Adesina this year for the $250,000 prize, highlighting his role in improving the availability of seed, fertilizer and financing for African farmers, and for laying the foundations for the youth in Africa to engage in agriculture as a profitable business."

AngloGold Ashanti is considering laying off 8,500 workers, some 30 percent of its workforce, Africa's biggest gold miner said on Wednesday, as it looks...

Ghana's government has asked the International Monetary Fund to push back the end date of its $918 million aid programme from April 2018 to...

Executives at crisis-hit Toshiba faced hundreds of angry shareholders Wednesday as the firm announced it has not yet clinched a deal to sell its...

Cellulant, a Pan-African FinTech Company headquartered in Nairobi, has signed a partnership agreement with the Kenya Trade Expo Ghana 2017 during a ministerial visit...

Zimbabwe, Namibia and Botswana on Tuesday suspended poultry imports from South Africa with immediate effect following outbreaks of highly contagious H5N8 bird flu. South Africa...

Kenya has withdrawn a proposed ban on used clothes by the East African regional bloc after threats by the United States to review trade...