Category : BUSINESS

President has ordered probes into the sale of Nigerian Telecommunications, NITEL and Mobile Telecommunications, MTEL sold by the previous government of ex-president Goodluck Jonathan. President...

Morocco’s Societe Anonyme Marocaine de l’Industrie du Raffinage (SAMIR) will halt production at its 200,000 barrel per day (bpd) Mohammedia refinery due to financial difficulties,...

Hibiscus Petroleum Bhd’s wholly-owned unit, Gulf Hibiscus Ltd, has been awarded the South East Ras El Ush concession (Block 2) in Egypt by the Ganoub...

Egypt and Saudi Arabia signed a pact in Cairo Thursday aimed at boosting military and economic ties between the two Arab allies. Relations have warmed...

EVAN VUCCI • ASSOCIATED PRESSPresident Obama told African leaders that fostering ties with the United States would mean “real economic partnerships.” ADDIS ABABA, Ethiopia –...

The Seattle coffee chain is growing strongly in all regions, with profit up 22% in its third quarter. But for Starbucks, the choice between Africa...

A day after it said it was in talks with France’s Orange to sell its subsidiaries in Burkina Faso, Chad, Congo Brazzaville and Sierra leone,...

Low oil prices have tightened the screws on some of the most depleted and costly oilfields in Britain’s North Sea, forcing operators to cease production...

  Siyabonga Gama. STATE-owned logistics firm Transnet expects its capital expansion plan will now cost R336.6bn, up from R312.2bn a year ago, the company said...

Photo: Buck Ennis The financial giant provides corporate banking services to the West African nation of 170 million people. Citigroup Inc. said Nigeria’s efforts to...

Amy Bell Amy Bell , JPMorgan Chase Africa’s economy is expected to expand by 50 percent over the next five years, according to a new...

Exchange Rate Outlook: Rand Exchange Rate Recovers On Improved Risk Appetite, Greek Fears Subside Earlier in the week the South African Rand plummeted against the...

Report shows global decrease in FDI inflows, but FDI to Africa remains unchanged This week the United Nations Conference on Trade and Development (UNCTAD) released...

Wage talks in the gold-mining sector this week between the Chamber of Mines and unions could not be more important, both for the industry and...

A paper presented at a forum organized by the Investment Promotion Commission (IPC) has shown that Sudan’s leather exports have decreased by $10 million in...

The China Development Bank (CDB) and the Zambia-China Economic & Trade Cooperation Zone (ZCCZ) have signed a loan of $29 million to improve infrastructure at...

  Trade Adjustment Assistance legislation could be a casualty of efforts to stymie Trade Promotion Authority; now, some members fear the long-heralded African Growth and Opportunity...

China and the United States, the world’s two biggest economies, are amongthe top 10 foreign investors in Africa, and their investment on the continent “does...

First Bank of Nigeria Limited, Nigeria’s most valuable bank brand is sponsoring and participating in the HR Leaders Africa 2015 Conference. The event which is...

Uganda is a safer place for investment unlike the common perception and Asian private companies should invest more in the African nations for overall business...