Somalia’s imports must grow by 25% – IMF
The International Monetary Fund said on Thursday that Somalia’s imports must grow by about a quarter over the next three years to support a recovering […]
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Mali: Randgold Resources plans to invest more in the mining sector
Randgold Resources Ltd said on Tuesday it will take over the underground mining at the Yalea and Gara mines at the Loulo project in Mali […]
Libya: Gaddafi’s son sentenced to death
Saif al-Islam Gaddafi, the son of Libya’s former dictator, Muammar Gaddafi, has been sentenced in absentia to death by a court in Tripoli over war crimes linked […]
Diageo and Heineken end partnership in South Africa and Namibia
The drinks maker, Diageo is pulling out of its South African and Namibian joint ventures with Heineken and local partner Ohlthaver & List. Diageo Plc […]
West African Development Bank to raise $500m for regional integration
The West African Development Bank (BOAD) plans to raise up to $500 million from the international financial markets in the last quarter of 2015 to […]
Vodacom Group appoints new chief financial officer
Vodacom Group Ltd., the South African unit of Vodafone Group Plc, appointed Till Streichert as chief financial officer after Ivan Dittrich resigned. Ivan Dittrich, chief […]
Zimbambwe: China to build $1.1bn thermal power plant
Zimbambwe signed on Thursday a $1.1 billion agreement with the China State Construction Engineering Corporation (CSCEC) to build a 600-megawatt thermal power plant by 2019 […]
Nigeria’s Union Bank Pretax Profit up 2.3% in H1 2015
Union Bank of Nigeria plc (UBN) on Thursday said its 2015 first half (H1) pretax profit rose 2.3 percent to 6.61 billion naira ($33 million), […]
Senegal: Chad’s Habre trial adjourned until Sept.7
The trial in Senegal of Chad’s former dictator Hissène Habré has been adjourned until September so that court-appointed lawyers can prepare his defense against charges […]
Desmond Tutu leaves hospital after a week-long treatment
South Africa’s Archbishop Desmond Tutu has returned home after a week-long treatment in hospital for an unspecified infection, the Desmond and Leah Tutu Legacy Foundation […]