Ailing Air Zimbabwe to lay off 200 employees
Struggling national flag carrier Air Zimbabwe (AirZim) has lurched into a new crisis on Tuesday as the management of the carrier announced plans to cut […]
Business
Emirates reduces Angola flights over funds repatriation
The world’s largest long haul carrier, Dubai-based Emirates, has reduced its five weekly flights to the Angolan capital Luanda due to the difficulty of repatriating […]
Shell to invest $1bln a year in renewables energy as of 2020
The world’s second largest publicly-traded oil company, Royal Dutch Shell Plc, plans to increase its investment in renewable energy to $1 billion a year by […]
Tourism now contributes to about 8.5% to Africa’s GDP
African governments should make it easier and safer for Africans to travel within the continent and improve the tourism sector as it accounts for 14% […]
Namibia: grape exporters target $76.3 million in 2017
Namibian grape producers are expecting to glean $76.3 million worth of revenues in 2017, an increase of 29.8% over the previous year, Freshplaza news portal […]
Benin secures WB loan to ease power crisis
The World Bank has granted a loan of $ 60 million (34.6 billion CFA francs) to Benin to improve the energy performance in the west-African […]
Mozambique: Gemfields achieves record revenues at ruby auction
Gemfields, the world’s largest gemstone, has earned record revenues from its latest auction of rough ruby extracted by 75%-owned Montepuez Ruby Mining at the Montepuez […]
Kenya: Drought reduced tea exports by 36%
Kenya’s tea exports volume dropped by 36% in April compared to the same period last year, Businessdailyafrica reported. The El Nino phenomenon has significantly impacted […]
Morocco’s Ciments de l’Afrique opens new cement plant in Chad
The Moroccan cement giant Ciments de l’Afrique group (CIMAF) has officially inaugurated a new cement plant in Chad this week as the group, led by […]
Ghana: Cocoa Board debt reaches $2.2 billion
Ghana’s cocoa board this weekend said it has accumulated $2.2 billion in debt after the nation missed its production target in the previous season. The […]