Tanzania jails former finance and mining ministers
Two former Tanzanian ministers were sentenced to three years in jail after they were found guilty of issuing illegal tax exemptions to a gold audit […]
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Algeria accuses U.S of “simplistic” and “wrongful” reporting
The Algerian foreign ministry has slammed a report from the U.S State Department that criticized the North African country’s human rights records. The ministry said […]
Egypt: ‘Freedom of press in danger under draft anti-terrorism law’, press syndicate
The Press syndicate in Egypt went public on Monday to denounce the new draft anti-terrorism law which, they say, will jeopardize the freedom of press […]
South Africa will import white maize from Mexico
South Africa’s recent drought has forced the country to import maize again. The news comes after confirmation that South Africa will import about 50-thousand tons […]
Egypt to sign Cooperation Strategy Deal with AfDB
Egypt is to sign this month the country strategy agreement with the African Development Bank (AfDB), official source said on Saturday. The minister of International […]
Kenyan Diaspora sends home Sh12.9bn in May
Kenyans working abroad sent home Sh12.9 billion in May, a 7.6 per cent increase from the Sh11.9 billion remitted in May 2014. Yet, the government […]
South-Africa: miner plans major jobs cuts as investors press for savings
Global miner Anglo American is planning to cut between 5% and 20% percent of its payroll at all of its head offices as investors are […]
Nigeria: Transcorp plans to increase power generation capacity by 2018
Transnational Corporation of Nigeria (Transcorp) is planning to expand its power generation capacity to 2,500MW by 2018 with an investment of $1.57bn. Transcorp, which also […]
Foreign investment: Rwanda targets $1.2 Bln in 2015
Rwanda aims to increase foreign direct investment in 2015 to $1.2 billion, a fourfold jump from two years ago, helped by a new investment Code […]
WB provides Angola $650 million to stabilize its economy
The World Bank agreed to give Angola $650 million in financial support to help stabilize an economy that’s reeling from a plunge in oil prices. […]