South African Airways urgently needs a new capital injection – CEO
South African Airways on Tuesday said it needs about 5 billion rand ($404 million) to cover immediate costs as the state carrier battles to stay […]
Business
French billionaire Vincent Bollore detained over ‘Africa corruption’
French business tycoon Vincent Bolloré was arrested and detained on Tuesday in his native France over allegations that he indirectly influenced election outcomes for governments […]
Ramaphosa sends envoys to seek $8 bln investment for South Africa
South African President Cyril Ramaphosa on Monday appointed a team of business and finance experts to seek $8 billion in investment to boost the economy […]
Algerian economy to improve in 2018—PM
Algeria’s economy will improve this year as revenue from the oil sector and natural gas picks up, Prime Minister Ahmed Ouyahia said on Saturday. Oil […]
Zimbabwe unveils new Boeing 777 with Mugabe’s initials
Zimbabwe has bought two Boeing 777 aircraft and an Embraer plane from Malaysia, finance Minister Patrick Chinamasa said on Wednesday. According to Patrick Chinamasa, the […]
Kagame appoints female CEO for national carrier RwandAir
Rwanda’s President Paul Kagame has appointed Yvonne Manzi Makolo as Chief Executive Officer (CEO) of Rwanda’s national carrier, RwandAir. Makolo’s appointment was part of a […]
Tunisia: tourism revenues up 23% in first quarter
Tunisian tourism receipts have grown by 23 percent in the first three months of 2018, reaching $188 million, according to figures released by the ministry […]
Namibia economy slips into recession
Namibia has dropped into recession after its mining-fueled economy contracted in the final two quarters of last year, the statistics office said on Thursday. According […]
Corruption, backlogs hit Cameroon’s Douala Port—Report
Corruption, bureaucratic red tape, overpriced services and a growing backlog has hit Cameroon’s port of Douala, AFP reported. According to the news Agency, the country’s […]
Morocco, first destination for direct foreign investments in Africa
Morocco has been ranked as the first destination of foreign direct investments on the African continent in the 2018 Africa Investment Index (AII) released by […]