AngloGold Ashanti to cut over 800 jobs in South Africa
Africa’s biggest gold producer AngloGold Ashanti, which employs about 25,000 people in South Africa, is in talks with unions to lay off more than 800 […]
Business
Morocco’s Platinum Power to Develop Hydropower Projects in Congo
Moroccan energy giant Platinum Power based in Casablanca has been picked to develop several hydropower projects in Democratic Republic of Congo (DRC) to produce power […]
Kenya: New Car Sales Plunge 30 % in 2016
The Kenya Motor Industry Association on Wednesday said the number of new vehicles sold in Kenya dropped by 30.6 percent last year mainly due to […]
Kenya: Technical Fault Causes Blackout in Nairobi, Coastal Regions
A major power outage hit Nairobi, Mount Kenya and Coast regions on Monday morning, disrupting businesses and industries, local media reported. Kenya Power said a […]
Magufuli Sacks State-Run Energy Firm Boss over Tariff Hike
Tanzanian President John Magufuli on the first day of the year 2017 sacked the head of the state-run electricity company after the firm approved a […]
Uganda’s Economy Worsens as Inflation Rises to 5.7%
The statistics office in Uganda on Friday said inflation rose to 5.7 percent year-on-year in December from 4.6 percent last month in the East African […]
Volkswagen Opens Assembly Plant in Kenya
The German auto giant Volkswagen (VW) has officially launched its production facility in Kenya. The plant is expected to produce cars for Kenya as well […]
Benin: Police seized 54 kg of cocaine from Brazil
Police in Benin on Monday confirmed the seizure of 54 kilogrammes of cocaine from Brazil. The consignment was hidden in a container in the port […]
World Bank to Earmark $16 Billion for African Clean Energy Projects
Clean energy projects will be flying high across Africa as the World Bank is planning to raise $16 billion for solar, hydro, and geothermal energy […]
Dangote Refinery to Drive Capacity in Africa by 2020 – OPEC
Africa’s richest man Aliko Dangote’s refinery in Nigeria will drive refinery capacity expansion in Africa, by 2020, the organization of petroleum Exporting Countries (OPEC) said […]