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South Africa, Angola to scrap visa travel as Lourenco meets Zuma

South African President Jacob Zuma welcomes Angola’s Joao Lourenco. Angolan President Joao Lourenco is in South Africa for a two-day working visit that will see him hold bilateral talks with his South African counterpart Jacob Zuma. The visit is seen by many political analysts as an effort by Lourenco to break away from his predecessor […]

Senegal opens new $600m airport built over 10 years

Chad’s President Idriss Deby sacks finance minister and his deputy

Chad’s President Idriss Deby has sacked Finance Minister Christian Georges Diguimbaye, a government decree dated Nov. 21 showed. The decree which gave no reason for the sackings also dismissed Diguimabye’s deputy, Banata Tchalet Sow, Reuters news agency reports. According to the decree, Abdoulaye Sabre Fadoul, the minister-secretary general of the government in charge of institutional […]

Senegal opens new $600m airport built over 10 years

Nigeria’s Dangote Expands Cement Business to DR Congo

Dangote Cement will officially open its 1.5 million metric tonnes per annum capacity cement plant in Congo on Thursday, November 23, 2017. Constructed at a conservative cost of $500m, the plant is expected to directly employ more than 1000 people, while thousands of indirect jobs will also be created. The plant, which is now the […]

Senegal opens new $600m airport built over 10 years

Mugabe’s woes wipe out $6 billion from Zimbabwe’s skewed stocks

FILE PHOTO: A currency dealer counts wads of bond notes outside a bank in Harare, Zimbabwe,February 24, 2017. REUTERS Since the military seized power last week in Zimbabwe, investors have been dumping stock. The market shed nearly a third of its value in the past week. For a while, the Zimbabwe Stock Exchange looked unstoppable. […]

Senegal opens new $600m airport built over 10 years

How President Magufuli, Museveni’s $7Billion Deals are Reshaping East Africa

Kampala — How US$7bn deals are reshaping relations in the region If President Yoweri Museveni has a best buddy amongst his East African counterparts, it might as well be Tanzania’s John Pombe Magufuli. When they are not sharing a hearty laugh at an African Union meeting in Addis Ababa, they are holding hands while walking […]

Senegal opens new $600m airport built over 10 years

Ethiopia telecoms monopoly now Africa’s largest mobile operator

Ethiopia’s state owned telecommunications company, Ethio Telecom is now the continent’s largest mobile operator. This is according to IT Web’s report that with over 57 million mobile subscribers as at November 2017, Ethio Telecom had beat MTN Nigeria to become Africa’s largest in terms of its mobile customer base. “Ethio Telecom of Ethiopia is now […]

Senegal opens new $600m airport built over 10 years

Angola president dismisses Africa’s richest woman, Isabel dos Santos as head of the national oil company Sonangol

Isabel dos Santos, former chairwoman of Sonangol, Angolan President Joao Lourenco dismissed Isabel dos Santos as chair of the state oil company Sonangol on Wednesday in a dramatic move against the family of the former president. The daughter of Jose Eduardo dos Santos, who ruled Angola for 38 years until stepping down in September, was […]

Photos: 115 African migrants including 11 women, a baby and 31 unaccompanied minors rescued from rubber boat off Libyan coast

In Mugabe’s Zimbabwe, hard currency just got a whole lot harder

After defying economic gravity for a year, Zimbabwe’s homemade U.S. dollars have fallen to earth with a bump. Rumors the central bank was buying up black market U.S. dollars last month with one of its own versions of the currency created panic in a country scarred by the hyperinflationary spiral of 2008 that wiped out […]

Senegal opens new $600m airport built over 10 years

Photos: Ugandan Millionaire Mohammed Hamid Launches a 5 Star, $150 Million Hotel

Ugandan President Yoweri Museveni has reportedly launched the Pearl of Africa Hotel, a 5-star hotel owned by Ugandan millionaire businessman Mohammed Hamid. According to a report by Ugandan newspaper, New Vision, Museveni launched the property at a colorful ceremony on Tuesday night which was attended by leading government functionaries, prominent business moguls and local celebrities. In his […]

Senegal opens new $600m airport built over 10 years

Nigeria: President Buhari presents record $28billion 2018 budget to lawmakers

Nigerian President Muhammadu Buhari presented a record 8.6 trillion naira ($28.16 billion) budget for 2018 on Tuesday to foster shaky growth in Africa’s largest economy as it emerges from its first recession in 25 years. This is Buhari’s third budget to parliament and like the previous ones, sets a record high level of spending, but […]

Senegal opens new $600m airport built over 10 years