Home » Archives by category » Business

Exiled Gambian ex-leader Jammeh to take up farming

The former president of The Gambia, Yahya Jammeh, has reportedly disclosed plans to take up farming full time in Equatorial Guinea. The long-time leader, wearing his habitual white flowing robes, was pictured on Wednesday farming in the Central African nation, where he is living in Exile. Jammeh was ousted in an election in December and […]

Rwanda’s economy grew by 5.9 percent in 2016

Rwanda’s statistics office said on Wednesday the country’s economy grew by 5.9 percent last year, less than the 6.9 percent growth recorded a year before. The growth was driven by agriculture, industry and the sector of services, it said. Rwanda is one of the fastest growing economies in Central Africa. Its economy is driven by […]

Read More

5th Africa CEO Forum in Geneva next week

Geneva will be hosting this March 20-21 the 5th edition of the Africa CEO Forum, whose purpose is to support the development of African enterprises and to participate in their promotion in Africa and internationally. The objectives of the gathering are, among others, to promote the successes of the African private sector and to have […]

Read More

China releases $30bn aid to Africa

The government of China has announced the disbursement of $30 billion to assist African countries improve agriculture through large-scale farming. Since the Forum on China-Africa Cooperation began in the early 2000s, China has pledged funding and commitment to build a “win-win” relationship with the continent. Last year, the Chinese leaders have announced $60 billion for […]

Read More

Botswana president holds talks with German Chancellor

Botswana president Seretse Khama Ian Khama on Tuesday held talks with German Chancellor, Angela Merkel in Berlin ahead of the International Tourism Exhibition (Bourse) – ITB Berlin 2017. According to the southern African nation’s Ministry of International Affairs and Cooperation, President Khama has been invited as the guest of honour, and he will thus deliver […]

Read More

Nigeria directs oil firms to relocate headquarters

Nigerian’s acting president, Yemi Osinbajo this weekend instructed the relocation of all International oil companies head offices in the West-African nation to the Niger Delta. Osinbajo told the Minister of state for Petroleum, Ibe Kachikwu to engage with the oil companies “on the way forward” over repeated calls for the companies head offices relocation to […]

Read More

Côte d’Ivoire-Morocco: Relations strengthened through Private-Private, Public-Private accords

Morocco and Côte d’Ivoire Monday gave a new impetus to their already strong ties with 14 new accords allowing win-win partnership between the two countries’ private sectors as well as between the public and private sectors. King Mohammed VI, who is on a visit to Abidjan, and President Alassane Ouattara co-chaired a ceremony during which […]

Read More

Diamond-rich Botswana’s GDP to grow above 4%

Botswana’s central bank on Monday said it expects the economy of the southern African nation to grow by more than 4 percent in the next two years. The Diamond landlocked nation has struggled with weaker growth in recent times as mineral sales slowed and electricity shortages hurt mining. The economy grew below 1 percent in […]

Read More

Angola Becomes Africa’s Top Oil Producer – OPEC

Nigeria has again lost its Africa’s top oil producer status to Angola, as the country’s crude oil production fell by 67,000 barrels per day last month, the Organization of Petroleum Exporting Countries (OPEC) said on Wednesday. OPEC, in its Monthly Oil Market Report for February 2017 put crude oil production from Nigeria at 1.604 million […]

Read More

DRC to Produce 1.5 Million Tons of Copper in 2018

The Democratic Republic of Congo will mine about 1.5 million tons of copper in 2018, the industry-led Chamber’s vice-president said on Wednesday. Simon Tuma-Waku, who was speaking on the sideline of African Mining Indaba conference in Cape Town, said the expected 2018 resumption of Glencore’s Katanga Mining project, which has been suspended since September 2015, […]

Read More