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Nov 16, 2018
The South African Broadcasting Corporation (SABC) and MultiChoice say they disagree that their distribution agreement signed in 2013 constitutes a merger.   This follows a ruling from the Competition Commission…
Zimbabwe has invited bids for the state-owned airline as President Emmerson Mnangagwa’s government pushes ahead with a drive to privatise and end state funding to loss-making firms, Air Zimbabwe’s administrator…
Nov 15, 2018
Oil prices rose by about one per cent on Monday after top exporter, Saudi Arabia, announced a cut in supply for December. International benchmark Brent crude oil futures were at…
Nov 14, 2018
Thousands of Cadbury chocolates have been sold to the public despite being past their best. The chocolate, some of it months beyond its best-before date, was sold at a major…
Nov 13, 2018
African states need work with African developmental finance institutions, as well as with those outside the continent, in filling the massive infrastructure gaps that exist.   Speaking to Press on…
Nov 10, 2018
China on Friday rejected the false allegation that “China had been monitoring the African Union building’’, urging the relevant news organisation to objectively report facts instead of fabricating lies. Foreign…
Nov 09, 2018
South African Airways could sell shares to the public as the state-owned carrier seeks ways to end years of losses and reduce the need for bailouts, according to people familiar…
Nov 09, 2018
South Africa’s Discovery Ltd said on Thursday it will issue about 10.9 million new shares to qualifying investors in order to raise 1.85 billion rand ($132 million) to help fund…
Nov 09, 2018
The Nigerian National Petroleum Corporation (NNPC) has said its crude oil and gas export sale in August 2018 was $470 million, indicating an increase of about $78 million when compared…
Nov 08, 2018
The disputes between MTN Nigeria and Nigerian authorities over $10 billion in repatriated funds and back taxes could increase risk in South Africa’s financial system depending on the outcome, the…
Nov 08, 2018
The heavy raining season this year has caused devastating damages to the over $4.5 billion refinery of Africa’s richest man, Aliko Dangote.   Dangote, who is the President, Dangote Industries…
Nov 08, 2018
Ghanaian entrepreneurs are making fortunes, selling sachet soup, known as “Shito’’ at the ongoing Lagos International Trade Fair. A News correspondent at the fair reports that many women were seen…
Nov 07, 2018
The African Development Bank has announced that it is going to invest $500 million into citywide sanitation in urban communities in sub-Sahara Africa.   The bank made the announcement on…
The Central Bank of Nigeria (CBN) has said Nigeria is leading other Africa nations and one of the top five (5) globally in remittances inflows.   CBN Governor, Godwin Emefiele,…

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