Zimbabwe’s President Emmerson Mnangagwa said on Monday companies and individuals had returned $591 million in funds illegally stashed abroad after a 90-day amnesty to bring back the money expired last week but $827 million was still outstanding.
Mnangagwa announced a three-month amnesty for the return of public funds illegally stashed...
South Africa will learn soon whether Cyril Ramaphosa’s first month as president has saved the country’s last remaining investment grade rating, but even if it hasn’t, a broader rise in optimism should limit the damage.
Moody’s, with a downgrade review on South Africa since last November, is to make a...
US President Donald Trump has blocked a planned takeover of chipmaker Qualcomm by Singapore-based rival Broadcom on grounds of national security.
His order cited "credible evidence" that the proposed $140bn (£100bn) deal "threatens to impair the national security of the US".
There were concerns the takeover could have led to China...
Africa’s smartphone market experienced a quarter-on-quarter (QoQ) decline of 6.4 percent during Q4 2017, according to the latest insights announced by International Data Corporation (IDC).
The global technology research and consulting firm’s Quarterly Mobile Phone Tracker shows smartphone shipments were down to 20.3 million units for the quarter. Year on...
U.S. cocoa futures have rallied more than 30 percent in 2018 so far, sharply outperforming other core U.S. commodities on signs of improving demand and forecasts for a smaller global surplus.
Benchmark ICE Futures U.S. New York cocoa futures have rallied around 34 percent since the end of 2017 to...
Govt. made great strides to combat cyber-crime and crack down on IP infringement
The Government of Egypt has announced that it is setting up a specialized digital forensic lab for Intellectual Property as part of its enforcement schemes of combating software piracy.
The new lab, the first of its kind in...
US President Donald Trump has sacked Secretary of State Rex Tillerson, replacing him with the director of the CIA, Mike Pompeo.
Thanking Mr Tillerson for his service on Twitter, Mr Trump said the new state secretary would do "a fantastic job".
Mr Tillerson, a former chief executive of ExxonMobil, was only...
Ghana may only produce around 700,000 tonnes of cocoa this season, well short of its initial forecast of 850,000 tonnes, due to poor rains during the main crop harvest, the head of the Cocobod marketing board told Reuters on Monday.
The International Cocoa Organization (ICCO) forecast a global cocoa surplus...
South Africa’s Competition Tribunal on Friday approved, subject to conditions, a deal for China’s Sinopec Corp to buy Chevron’s assets in South Africa and Botswana.
State-owned Sinopec was competing for the assets with commodities trader and miner Glencore, which swooped in last October with a $973 million bid following delays...
Coca-Cola is planning to produce an alcoholic drink for the first time in the company's 125-year history - with an alcopop-style product in Japan.
It is keen to cash in on the country's growing taste for Chu-Hi - canned sparkling flavoured drinks given a kick with a local spirit called...