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Africa Business

Africa Business Headlines aggregated from diverse sources across the web, including local newspapers.

  • South Africa:Ramaphosa Steps Up to Economic Realities With R50bn Package
    on 21/09/2018 at 16:21

    [Daily Maverick] President Cyril Ramaphosa has announced an economic stimulus package centred around re-prioritising R50-billion from the budget and establishing an infrastructure fund which will see government contribute over R400-billion over the medium-term. The President is finally making his economic mark. […]

  • Tanzania:Plea of Lawmaker Who Predicted MV Nyerere Tragedy
    on 21/09/2018 at 16:09

    [Citizen] Dar es Salaam -Few weeks ago, a lawmaker in Tanzania spoke in parliament, urging the government to rehabilitate the MV Nyerere ferry which, as fate would have it, sank days later in Lake Victoria, killing over 100 people. […]

  • Tanzania:Opposition Leader Faults Government Authorities Over Ferry Disaster
    on 21/09/2018 at 16:08

    [Citizen] Dar es Salaam -The National Chairman of the opposition political party-NCCR Mageuzi, Mr James Mbatia, has faulted government authorities over inconsistencies in connection to a ferry disaster in Lake Victoria yesterday. […]

  • South Africa:Ramaphosa Unveils $3.5 Billion Stimulus for Recession-Hit Economy
    on 21/09/2018 at 15:59

    [allAfrica] President Cyril Ramaphosa, who inherited a contracting economy from his scandal-ridden predecessor, today announced an economic stimulus and recovery plan for the country. The plan included spending of R50 billion ($3.5 billion) in what he called "reprioritised expenditure and new project level funding." […]

  • Tanzania:Victoria Tragedy Update - 94 Bodies Retrieved
    on 21/09/2018 at 14:48

    [Daily News] About 94 bodies have so far been retrieved from capsized MV Nyerere ferry. The ferry was sailing from Bugolora to Ukara in Ukerewe Island in Lake Victoria on Thursday afternoon. […]

  • Tanzania:At Least 100 Die in Lake Victoria Ferry Disaster
    on 21/09/2018 at 14:38

    [Deutsche Welle] It is unknown how many passengers were aboard, and authorities have said the death toll could reach 200. The Tanzanian government said the passenger ferry capsized near the dock and that 37 people have been rescued. […]

  • Africa:Nairobi hosts the first Africa Environment Partnership Platform (AEPP)
    on 21/09/2018 at 11:38

    [35°N] The theme for the AEPP meeting was "50 years of Environmental Governance and Sustainability in Africa", marking this important milestone in the annals of Africa's environmental governance and management processes. […]

  • Rwanda:Kigali Convention Centre Wins Best Architectural Design Award
    on 21/09/2018 at 11:01

    [New Times] Radisson Blu Hotel & Convention Centre, Kigali, has received a continental award in Best Architectural Design and Best Hotel Development category. […]

  • Tanzania:Exports to Rome Increase By 10%
    on 21/09/2018 at 11:00

    [Daily News] TANZANIA exports to Italy have gone up by almost 10 per cent last year thanks to increased foodstuffs and products of metallurgy. According to Italian Embassy in Tanzania, the exports, went up by 8.27 per cent to 41.6million euros last year from 38.42 million euros in 2016. […]

  • Zimbabwe:'Too Many State Universities Add No Value to the Economy'
    on 21/09/2018 at 10:58

    [New Zimbabwe] Victoria Falls -Captains of industry have urged the government to cut on the number of state universities, saying some of them are adding no value to the economy. […]

  • Rwanda:Rwanda's Agricultural Exports Grow By 44% to Over Rwf447 Billion
    on 21/09/2018 at 10:52

    [New Times] Rwanda's agricultural exports generated over $515.9 million (over Rwf447 billion) in a period of one year from July 2017 to June 2018, representing an increase of 44.73 per cent compared to $356.5 million (over Rwf316.8 billion) generated in the same period in 2016-2017. […]

  • Tanzania:Relocation of Dar es Salaam Bus Terminal to Kick Off Soon
    on 21/09/2018 at 10:40

    [Daily News] CONSTRUCTION of the long awaited upcountry bus terminal at Mbezi Luis suburb will commence in the near future as the Dar es Salaam City Council is currently finalising the process of securing a contractor to execute the project. […]

  • Nigeria:Stakeholders Divided Over Suspended National Carrier
    on 21/09/2018 at 10:19

    [Guardian] Lagos and Abuja -Stakeholders in the aviation sector are divided over the fate of the national carrier. […]

  • Liberia:Billions' Probe Widens
    on 21/09/2018 at 10:18

    [NEWS] Investigation into the L$16 Billion mystery has been widened by the Liberian government, a move which indicates that President George Manneh Weah is not taking the probe lightly as evidenced by the expansion of investigative team. […]

  • Nigeria:Agony, Tears As Potholes Flood Lagos Roads Again
    on 21/09/2018 at 10:17

    [Guardian] The recent downpour in Lagos has reopened the potholes barely a month after repairs. BENJAMIN ALADE and CHIBUZOR NWANERI write on how the poor quality of palliatives rendered by the state and its contractors, have become a nightmare for commuters and residents in the commercial nerve centre. […]

  • Liberia:It Is Now High Time President Weah Break His Silence
    on 21/09/2018 at 10:17

    [Observer] As the current imbroglio unravels amidst a plethora of denials and contradicting accounts of what actually happened to the disappeared billions, statements by Finance Minister Samuel Tweah and former Comptroller-General Hassan Kiazolu, now a legislator, have dismissed claims by Information Minister, Eugene Nagbe, that the money went missing after it was brought into the country in 2017. […]

  • Liberia:Govt Probing Money Flows, Not Missing Money - Officials
    on 21/09/2018 at 10:15

    [New Democrat] A review and analysis of Liberian Government officials' statements and interviews on what has now been duped in the press as "missing billions" indicates the cumulative position of Liberian authorities is that they have not reached a conclusion that billions of printed banknotes that arrived in the country in bags and containers via sea and air ports are missing or stolen. […]

  • Nigeria:Making of a Natural Disaster, Repeat of the 2012 Great Flood
    on 21/09/2018 at 10:15

    [Guardian] Asaba and Yenagoa -He who feels it, knows it. […]

  • Nigeria:Mojekwu, Awosika, Seek Adoption of 30% Female Representation On Board of Nigerian Firms'
    on 21/09/2018 at 10:06

    [Guardian] The Director, Capacity Building, Central Bank of Nigeria (CBN), Chizoba Mojekwu, has stressed the need for financial institutions to shun gender disparity and implement the minimum 30 per cent female representation on the board of companies operating in the country. […]

  • Zimbabwe:Chaos as Police, Vendors Clash
    on 21/09/2018 at 09:08

    [New Zimbabwe] For the umpteenth time, a joint operation to rid the capital's streets of illegal vendors between the police and Harare City Council failed Thursday as the defiant traders were back on the streets within minutes of running battles with the security forces. […]

  • South Africa:Zimbabwean Teachers in Unpaid for Months
    on 21/09/2018 at 09:07

    [GroundUp] Some Zimbabwean teachers in the Western Cape have gone unpaid for as long as nine months because Home Affairs is dragging its feet when it comes to verifying Zimbabwe Exemption Permits (ZEP). […]

  • Nigeria:Survey Underway on Number of Poor People in Nigeria
    on 21/09/2018 at 08:46

    [Premium Times] The Statistician General of the Federation, Yemi Kale, says the National Bureau of Statistics (NBS) will commence the Nigeria Living Standard Survey (NLSS) from September 27. […]

  • Africa:Indebted Africa Returns to the International Monetary Fund
    on 21/09/2018 at 08:43

    [ISS] Despite - or is it perhaps because of - increasing volumes of Chinese financing to Africa, that oft-reviled old banker, the International Monetary Fund (IMF), is making a comeback to the continent. […]

  • Kenya:MPs Pass Uhuru Kenyatta's 8% Fuel Levy
    on 21/09/2018 at 08:20

    [Nation] The National Assembly Speaker Justin Muturi has ordered for a second round of voting on President Uhuru Kenyatta's fuel levy after the number of MPs in the House during the first vote was disputed. […]

  • Zimbabwe:Old Mutual Joins Cholera Fight
    on 21/09/2018 at 07:37

    [The Herald] Old Mutual Zimbabwe, one of the largest financial services companies in the country, has availed $400 000 towards the fight against cholera. Speaking after presenting the cheque to President Mnangagwa at his Munhumutapa offices in Harare on Wednesday, Old Mutual Zimbabwe group chief executive officer Mr Jonas Mushosho said apart from supporting the country's economic revival, Old Mutual also seeks to support communities whenever disasters like cholera strike. […]

  • Kenya:Kenya Holds Third Highest Chinese Debt in Africa
    on 21/09/2018 at 06:37

    [Capital FM] Nairobi -Kenya ranks as the third most indebted country to China in Africa in the period between 2000 to 2017 according to China Africa Research Initiative data. […]

  • Zimbabwe:IMF Offers to Help Govt Clear Arrears
    on 21/09/2018 at 06:11

    [The Herald] The International Monetary Fund (IMF) yesterday said it was ready to help Zimbabwe craft a debt clearance strategy anchored on fundamental economic reforms. This comes after outgoing British Ambassador to Zimbabwe Catriona Laing made similar remarks on Tuesday that London was prepared to support an interim staff-monitored programme for Zimbabwe to quickly clear its obligations to international lenders and start accessing new funding. […]

  • Liberia:"Arrest Tweah," Methodist Church Human Rights Monitor Says
    on 21/09/2018 at 05:25

    [Observer] Minutes after Finance Minister Samuel Tweah denied the disappearance of any container of money [L$16 billion] imported into the country, the director of the Human Rights Monitor of the United Methodist Church (UMC) in Liberia has called on the government to immediately arrest him for "misleading the public when he sanctioned looting the country's resources." […]

  • Nigeria:Govt, States' Domestic Debt Now U.S.$43 Billion
    on 21/09/2018 at 05:21

    [Leadership] Total debt obligation of Nigeria at both the state and federal level as at June 30, 2018 released by the National Bureau of Statistics (NBS) yesterday showed that the country's foreign and domestic debts stood at $22.08 billion and N15.63 trillion respectively. The NBS in the Nigeria Domestic and Foreign Debt data released yesterday said total domestic borrowing by states represented N3.48 trillion, of which Lagos accounted for 14.88 per cent of the total domestic debt, while Anambra had the least debt in […]

  • Nigeria:Police Recover U.S.$470.5 Million in Stolen State Oil Funds
    on 21/09/2018 at 04:27

    [Deutsche Welle] A Nigerian police investigation has retrieved hundreds of millions of dollars in stolen state oil funds. It came as an Italian court sentenced two men to four years in jail in a case involving Eni and Shell in Nigeria. […]

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