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 […]
Business
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 […]
Dubai’s Emirates Resumes Services to Guinea
Emirates airline resumed flights to Guinea’s capital Conakry more than two years after the service was suspended following the Ebola outbreak in the West African […]
Emirates Could Cut Africa Flights, Routes Due to Economic Challenges
Emirates airline could reduce the frequency of its flights to African cities or cut routes completely if current economic conditions on the continent persist, President […]
Ethiopia Connects Djibouti with Africa’s First Electric Rail
Ethiopia on Tuesday launched a 750-km railway line linking Addis Ababa and the Red Sea state of Djibouti. The new line was built at a […]
Africa is the Future of Global Trade – Aliko Dangote
The Nigerian business mogul and Africa’s richest man, Alhaji Aliko Dangote, has been named co-chair of the US-Africa Business Center on Wednesday. According to the […]