South Africa: BMW to invest $417 mln for new model
BMW AG plans to invest more than $417 million in its South African plant to manufacture its new X3 sport-utility model, the German company said […]
Business
Tanzania: 40% drop in cashew harvest due to poor rains
Cashew nut output in Tanzania, Africa’s fourth-largest producer, could decline by 40 percent this year as poor rains in major growing areas hurt harvests in […]
South Africa to import 650 MW less power from Mozambique
South Africa’s state-run electricity provider, Eskom, said on Monday it will import 650 megawatt less power from Mozambique for a week due to planned maintenance […]
Environmental degradation cost 12% lost to Ghana’s GDP
The World Bank in recent report indicates that Ghana is losing close to 12 per cent of its Gross Domestic Product (GDP) every year due […]
South Africa: New Nissan pickup by 2018 to meet African demand
Nissan Motor plans to build a new model of pickup at its South African plant starting in 2018 to meet the growing demand of new […]
MTN Group CEO resigns over hefty Nigerian fine
MTN Group President and Chief Executive Officer, Sifiso Dabengwa, resigned on Monday morning as the telecoms firm continued talks with the Nigerian government over a […]
Rwanda: local firm spearheads four hydropower projects worth $40 Mln
The East African Power, a local energy firm has announced entering into a joint venture with the Canadian firm Afritech Energy to set up four […]
South Africa could follow Burundi out of AGOA trade pact
United States President Barack Obama has officially notified the South African government and the US Congress on Thursday that he intends to suspend the duty-free […]
Ghana: Emirates to help revive Ghana’s national airline
The government of Ghana is in talks with the United Arab Emirates (UAE) government to see how best the latter could help revive Ghana’s national […]
Nigeria: South Africa’s MTN renews operating license for $94.2 m
MTN Group Ltd., the South African mobile-network operator, which is facing a $5.2 billion fine on Tuesday said the Nigerian regulator has renewed its operating […]