The sixth edition of the Africa CEO Forum opened on Monday 26 March under the banner of "African champions: it's transformation time".  This major meeting of Africa's private sector, organised by Jeune Afrique Media Group and Rainbow Unlimited, brought together three African presidents, namely Alassane Ouattara of Côte d'Ivoire and...
Zambia’s economy grew 4.1 percent in 2017, up from 3.4 percent in 2016, Central Statistical Office (CSO) data showed on Thursday. Agriculture, forestry and fishing industry had the highest contribution, accounting for 1.21 percentage points, the CSO said in a statement.
South Africa’s central bank cut its main interest rate to 6.5 percent on Wednesday, in another boost for the economy after ratings agency Moody’s left intact its last investment-grade credit rating. Traders and economists had expected the 25 basis-point cut in the repo rate after a slowdown in consumer price...
Declares Profit Before Tax of N105.3 billion Recommends N0.85 Total Final Dividend for the Year United Bank for Africa Plc has announced its audited results for the financial year ended December 31, 2017, showing significant growth in the contribution and market share from its pan-African subsidiaries, among other positive...
National development, economic growth, infrastructure, industrialisation and manufacturing, share a common denominator; adequate and constant power supply. Such regularity in power supply guarantees that industries that create employment and wealth, run on a twenty-four hour cycle. Despite years of lip service to building up power supply in Nigeria, the capacity...
We are still near the start of 2018, and already it feels like tension and disorder will be the year’s defining characteristics. From anti-immigration policies in the United States to flaring geopolitical hotspots in the Middle East and East Asia, disruption, upheaval, and uncertainty seem to be the order...
Gold castings of the hands of South Africa's first black President Nelson Mandela have been sold for $10m (£7m) in bitcoin. Canadian crypto-currency exchange firm Arbitrade bought four casts from South African businessman Malcolm Duncan. The firm said it planned to launch a global "Golden Hands of Nelson Mandela" tour to...
South Africa will consider partially privatising struggling state-owned companies as part of wide-ranging reforms set in motion by President Cyril Ramaphosa since he came to power last month, the head of the National Treasury said on Saturday. Dondo Mogajane said South Africa was at the end of a credit downgrade...
The Foreign Minister for the Russian Federation Sergey Lavrov has rubbished claims that, its government was connected to the poisoning of a former spy in London. According to the Mr. Lavrov, the accusation coming from London is nothing but “nonsense.” He said the Russian Federation had nothing to do with the...
African leaders hope for trade-led growth boost Nigeria, South Africa do not to sign up Continent gives itself 18 months to hammer out details African leaders agreed on Wednesday to form a US$3 trillion continental free-trade zone encompassing 1.2 billion people, but its two biggest economies, Nigeria and South...