Business News

Kenya secures $750 million syndicated loan to pay off earlier loan

Kenya has secured a $750 million syndicated loan for seven years from the Trade Development Bank (TDB) to pay off ...
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Zimbabwe gets its first billionaire worth £1.25 billion

In Summary: Zimbabwe gets its first billionaire as London-based mobile phone chief's net worth is valued at £1.25 billion Strive ...
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Apple says all Macs, iPhones, iPads exposed to chip security flaws

Apple Inc will release a patch for the Safari web browser on its iPhones, iPads and Macs within days, it ...
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Nigeria agrees $550 million satellite deal with China

Nigeria has agreed a $550-million deal to buy two Chinese communications satellites and hopes to sign the contract before the ...
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Tunisia raises fuel prices in push to reduce deficit

Tunisia announced on Sunday the second increase in fuel prices in six months, raising the price of petrol by 2.85 ...
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Kenya’s economy suffers after presidential election turmoil, businesses reportedly lost $7 billion

Kenya's economy has suffered after months of political turmoil that saw a presidential election nullified and a repeat vote boycotted ...
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Italy judge orders Shell, Eni to stand trial on alleged corruption in Nigeria

An Italian judge has ordered oil majors Royal Dutch Shell (RDSa.L) and Eni (ENI.MI) to stand trial over alleged corruption ...
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Old Mutual sells Buxton UK wealth business for $800 million

Anglo-South African financial services group Old Mutual (OML.L) is selling its UK wealth business run by veteran fund manager Richard ...
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Iraq to use drones to protect oil pipelines from 2018

Iraq plans to use drones to monitor and protect its oil export and production pipelines from the first quarter of ...
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Nigerian oil union calls for strike after talks hit deadlock

A major Nigerian oil union said on Saturday it would launch a strike from Monday after talks aimed at resolving ...
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Nigeria seeks to amend deep offshore oil act to raise crude revenue

Nigeria is seeking to amend a law on deep offshore oil exploration and drilling, aiming to increase government revenue from ...
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Zimbabwe seizes 200 kg of ivory destined for Malaysia

An illegal shipment of 200 kg (440 lb) of ivory destined for Malaysia has been seized at Zimbabwe’s main airport, ...
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UK to stabilise Zimbabwe’s currency, clear World Bank loan – Johnson

Britain could take steps to stabilise Zimbabwe’s currency system and extend a bridging loan to help it clear World Bank ...
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Kenya government bans biscuits advert, wants owners charged

The Ministry of Health has directed that billboards advertising NuVita biscuits be brought down and legal action taken against the ...
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Libyans swap jewelry for medical treatment as crisis bites

In a square behind Libya’s central bank, black market dealers, some of them armed, carry small plastic bags filled with ...
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Zimbabweans turn to bitcoin as local dollars collapse

For most investors around the world, bitcoin is a volatile and highly speculative bet. For Zimbabweans, however, the cryptocurrency seems ...
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Exclusive: South Sudan’s government using food as weapon of war – U.N. report

South Sudan's President Salva Kiir Mayardit arrives at Khartoum airport, Sudan November 1, 2017. South Sudan President Salva Kiir’s government ...
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Twitter suspends ‘broken’ verification system

The Twitter logo is shown at its corporate headquarters in San Francisco, California April 28, 2015. Twitter has suspended its ...
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Zimbabwe renames main airport after Mugabe, plans $153 million upgrade

Zimbabwe will upgrade its main airport at a cost of $153 million in an effort to attract more visitors, state ...
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South Africa’s economy faces major challenges -central bank head

South Africa’s economy faces major challenges and government needs to win back the confidence of businesses and investors by tackling ...
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