Global courier DHL invests $50mln in sub-Saharan Africa
Deutsche Post AG’s DHL unit is investing about $50 million in sub-Saharan Africa as rising household incomes help spur demand for express and freight deliveries. […]
Business
Nigeria Plans Oil Reforms before Petroleum Bill Vote
Nigeria will start reforming its oil industry using existing laws before it passes a long-awaited Petroleum Industry Bill (PIB), which will take a while to […]
South Africa to charge 10% more on steel import tariff
Africa’s largest steel maker, ArcelorMittal in South Africa, has asked the government to impose a 10 percent import duty on steel and in return, may […]
Failed rains put 4.5mln Ethiopians at risk of a food crisis
The number of Ethiopians who will need food aid by the end of this year has surged by more than 1.5 million from earlier estimates […]
Mauritius: Economic forecast shows 5.5% growth as of 2017
Mauritius’ economy is expected to grow at an annual average rate of 5.5 percent from 2017 driven by higher investments and a focus on manufacturing […]
Kenya plans to borrow $328 million to finance Mombasa port expansion
The Kenya Ports Authority plans to borrow 34 billion shillings ($328 million) to finance the expansion of East Africa’s biggest harbor on the southeast coast, […]
Botswana: 2015 growth forecast down to 2.6%
Botswana split its 2015 growth forecast due to expected weakness in the diamond market, the finance ministry said in a 2016/17 budget strategy paper on […]
Egypt to host 2015 Africa Business Forum in Oct. 30
Egypt will host the 2015 Africa Business Forum from October 30 to 31, to discuss how to accelerate private sector engagement and investment within Africa […]
Nigeria: Agribusiness to get $1.8bn investment boost
A group of investors have donated the sum of $1.8 billion to develop agriculture and agribusiness in Nigeria, according to the country’s Permanent Secretary at […]
Egypt: Russia gives Egypt a Molniya missile ship
Egypt’s naval arsenal will be boosted by a Russian warship that Armed Forces Spokesman Mohamed Samir described in a post on social media as the […]