Business

Mozambique’s government said Exxon Mobil Corp. will sign off on a final investment decision for a liquefied natural gas project that could cost as much as $33 billion to build -- the biggest ever in…

The challenge facing members of the African Petroleum Producers’ Organization APPO, reformed in 2013, is to establish itself as a key and strategic player in the energy, oil and gas sectors on a continental and…

Zimbabwe angrily denounced a US government decision to curb imports of diamonds from its Marange field, branding the claim the country uses forced labour at the operations "a shameless lie." "Invoking the repulsive prospect of…

Zimbabwe is set to have a new currency next month. A member of the newly appointed monetary policy committee Eddie Cross has revealed that the new currency will be introduced next month (November) in a…

United States’ billionaire and philanthropist Bill Gates on Tuesday praised Nigeria’s Aliko Dangote, for championing efforts of reducing malnutrition in his country and globally. Gates, whose Bill and Melinda Gates foundation, works to reduce inequalities…

Somalian weavers are battling to preserve the use of local fabrics and the wearing of traditional clothes. Influx of cheap clothes and textiles from China and other countries is threatening the livelihood of weavers and…

Following the seizure of 25 supercars from Equatorial Guineas vice president as part of a Swiss money-laundering probe, an auction held by Bonhams on Sunday fetched nearly $27 million (27 million Swiss francs). Geneva prosecutors…

The Managing Director and Chief Executive Officer, Financial Derivatives Company Limited, Bismarck Rewane, is of the opinion that Nigeria lacks the mental discipline to execute plans for the growth of the economy. Mr. Rewane stated…

On Thursday the International Monetary Fund said Zimbabwe needed to intensify its efforts to reform the country’s economic and political fate and improve meaningfully on transparency. The warning according to VOA came on the same…

Zambia’s communications regulator said on Thursday it had cancelled the licence for Vodafone’s local franchise holder, citing a lack of technical and financial capacity. Vodafone in 2016 licenced Afrimax, a telecommunications service provider in sub-Saharan…

The International Monetary Fund said on Thursday that Zimbabwe needed to intensify efforts on economic and political fronts, adding that the country faced a steep economic contraction this year. “Policy actions are urgently needed to…

President Uhuru Kenyatta has said the Kenyan government is rolling out the Universal Health Coverage (UHC) program as part of a grand plan to transform the county into a newly industrializing, middle-income country by 2030.…

Madagascar’s cool fresh water and inexpensive labour has inspired the production of the luxurious caviar. Three French entrepreneurs set up the farm. Today, they produce Rova Caviar with 300 tonnes of fish from 6 different…

Nigeria’s apex financial institution, the Central Bank of Nigeria (CBN) has apologised to bank customers for the inconveniences the newly introduced cashless policy will cause. Godwin Emefiele, the Governor of Central Bank, made the apology…

Farmers and traders are distressed after Nigerian President, Muhammadu Buhari closed all neighbouring borders around the country with a plan to end Nigeria’s economic dependence on oil, by developing domestic agriculture and industry. The border…

The World Bank and Nigeria are in talks for as much as $2.5bn (R37bn) in a new tranche of concessionary lending to Africa’s most populous country, Vice President for Africa Hafez Ghanem said. In the…

Ambassadors of Ghana, Croatia and Cyprus accredited to Pakistan along with a team of Sindh Board of Investment visited the Federation House, Karachi and held meeting with Dr. Mirza Ikhtiar Baig, acting president of the…