Latest Updates from Reuters

Africa’s major central banks embarking on policy easing cycle ride

Comments (0) Latest Updates from Reuters

By

By Vuyani Ndaba JOHANNESBURG (Reuters) – Africa’s major central banks are entering an easing cycle as they try to stimulate growth after months of drought, austerity drives and confidence issues across the continent, a Reuters poll found on Thursday. Much of southern and eastern Africa is still recovering after an El Niño-related drought wilted crops...

Read more

Former Etisalat Nigeria, 9mobile, is open to new investors: CEO

Comments (0) Latest Updates from Reuters

By

By Chijioke Ohuocha LAGOS (Reuters) – Telecoms group 9mobile is open to new investors but will continue to manage the business in the meantime, its chief executive said on Wednesday at an event to officially announce the company’s new name to replace Etisalat Nigeria. UAE’s Etisalat terminated its management agreement with its Nigerian business in...

Read more

Guinea Bissau reaches $47 mln deal on submarine cable

Comments (0) Latest Updates from Reuters

By

Africa M.E.

BISSAU (Reuters) – Guinea Bissau has agreed a memorandum of understanding with the World Bank, Orange and MTN for a $47 million project to link the country to a submarine telecoms cable connecting Africa with Europe, the government said on Wednesday. Under the agreement, French telecoms company Orange and South Africa’s MTN Group will form...

Read more

Ghana president says will not extend three-year IMF aid programme

Comments (0) Latest Updates from Reuters

By

ACCRA (Reuters) – Ghana will not extend its three-year aid programme with the International Monetary Fund beyond April 2018, President Nana Akufo-Addo said on Tuesday, despite continuing fiscal difficulties. The president’s announcement is a surprise turnaround after government officials said last month that Ghana was considering a request by the Washington lender to extend the...

Read more

Leaders

First Female Head of UN Economic Commission for Africa: Vera Songwe

Comments (0) Featured, Leaders

By

The Economic Commission for Africa has appointed Cameroonian economist and banking executive Vera Songwe as the new Executive Secretary; the first time in history a woman has held this role.

Read more

Mark Shuttleworth: Africa’s first dot com millionaire

Comments (0) Africa, Leaders

By

Mark Shuttleworth is Africa’s first dot com millionaire, the first African in space, and arguably one of South Africa’s greatest entrepreneurs.

Read more

Andrew Mupuya is an award winning entrepreneur, and he’s not yet 25

Comments (0) Africa, Featured, Leaders

By

Andrew Mupuya is the 24 year old, award-winning businessman who began his company with only $14

Read more

Why Forbes thinks Isaac Oboth is one of Africa’s finest young entrepreneurs

Comments (0) Africa, Featured, Leaders

By

Isaac Oboth was orphaned and impoverished, yet today he runs one of Africa’s most dynamic young companies.

Read more

Politics

Shuffling the Deck: Saudi Arabia favors new minds over lifetime politicians

Comments (0) Featured, Middle East, Politics

By

Mohammed Al-Jadaan has replaced Ibrahim Al-Assaf as Minister of Finance for Saudi Arabia.

Read more

Claver Gatete named African Finance Minister of the Year

Comments (0) Africa, Featured, Leaders, Politics

By

Claver Gatete has been recognized for his expert handling of Rwanda’s economy despite strong global headwinds.

Read more

Brexit, the EU and Africa: The Ghost of the Future

Comments (0) Africa, Featured, Politics, UK

By

The news of Britain’s decision to leave the European Union in June shocked the world, causing currency crises in a number of African countries. The UK’s departure from the EU will have serious consequences for Africa: the UK has been Africa’s biggest ally in the EU, and without their reputation the future of the continent is uncertain.

Read more

No place to hide: Nigerian government cracks down on corruption.

Comments (0) Africa, Featured, Politics

By

Nigerian government raid exposes corrupt Supreme Court judges and implicates senior officials.

Read more

Business

Africa’s first online shopping mall looks to make its mark

Comments (0) Business, Featured, Technology

By

Odjala is Africa’s first online shopping mall, and it aims to change the way the continent shops.

Read more

Israeli start-ups raise a record $4.8 billion in 2016

Comments (0) Business, Featured, Technology

By

Israeli start-up’s raised a record breaking $4.8 billion in funding in 2016 establishing Israel as the most exciting and active tech ecosystem outside of the United States

Read more

Kenya’s ride hail market shows African businesses adapting to global trends

Comments (0) Africa, Business, Featured, Technology

By

When global brand Uber entered Africa, the local markets put their own take on the technology, with Kenya leading the way.

Read more

Ibrahim Hissein Bourma is the 27 year old millionaire with big dreams for Chad’s future.

Comments (0) Africa, Business, Featured

By

After only 7 years in business, Ibrahim Hissein Bourma is one of Chad’s most successful entrepreneurs, but he is hungry for more.

Read more