business

Business: Global Pandemic makes African countries go online for groceries

In between her shifts, Zimbabwean nurse Sinothando Mpofu used to go to Bulawayo's open-air markets to buy tomatoes and cabbages…

June 6, 2020

Business: mPharma of Ghana has raised another $17 million and appointed an ex-CVS boss to its board

Ghanaian startup mPharma, which manages prescription drug inventory for pharmacies and their suppliers, has raised $17 million in its latest…

June 4, 2020

Business: Stock Exchanges in Ghana and Nigeria set to deepen West African capital markets

The economy of Nigeria – the most populous country in Africa, with more than 200 million inhabitants – was transformed…

June 3, 2020

Business: Will Nigerians pay more for fuel as crude price rallies

The federal government slashed the pump price of PMS when the price of crude fell at the global market with…

June 1, 2020

Kenya: May inflation eases to 5.47% despite rising Consumer Price Index

The country's year-on-year inflation rate eased to 5.47 per cent in May from 5.62 per cent in April, latest data…

May 30, 2020

Business: Gold rises as investors head to safe havens

Gold prices ticked up on Friday as the Sino-US rift deepened over further moves by Beijing to impose a security…

May 29, 2020

South African Airways aims to resume domestic flights in mid-June

South African Airways (SAA) aims to resume domestic flights between Johannesburg and Cape Town from mid-June, the cash-strapped airline said…

May 27, 2020

Business: Bolt raises capital of Sh11billion to upgrade product segments

Ride-hailing firm Bolt has raised Sh11 billion worth of investment capital from Naya Capital Management to boost its growth and…

May 27, 2020

Kenya: High loan provision eats into banks’ Q1 profits

High forward-looking loan provision in the wake of Coronavirus dent banks’ profits in the first three months of the year.…

May 25, 2020

South African businesses under COVID-19 pressure

Strict measures adopted by South Africa to curb COVID-19 continues to bite entrepreneurs. Fino Dlamini, started her business only in…

May 24, 2020

Business: Gordhan Stakes Clout for South Africa on Reviving Airline

Pravin Gordhan, South Africa‘s minister for public enterprises, is staking his own credibility and that of President Cyril Ramaphosa‘s government…

May 24, 2020

South Africa: Informal traders join call for unbanning of cigarette sales

The South African Informal Traders Alliance (Saita) and a tobacconist have warned that the ban on the sale of cigarettes…

May 21, 2020

Business: Nigeria Opens Cash Tap as Oil Revenue Runs Dry

The government of Nigeria, whose revenue could be slashed by more than half this year due to the oil-price slump,…

May 20, 2020

Business: Airport management company says it may need R10 billion in government guarantees

Airports Company SA (Acsa), which manages and operates nine airports in SA, says it expects it will need about R10…

May 19, 2020

Business: Mango Airlines to cut employee salaries by 50%

Mango Airlines, the low-cost wing of SAA, is set to cut its employees’ salaries by up 50percent. Public Enterprises Minister…

May 17, 2020

Coronavirus: Why African airlines could rebound faster – Gebremariam

African skies could experience increased activity earlier than other continents due to the planned evacuation of people seeking to return…

May 16, 2020

Overcoming the challenges of local production

Imports from china, Kenya’s biggest trading partner plunged by at least Sh58.64 billion in the first two months of the…

May 14, 2020

Andela CEO confirms staff cuts as layoffs hit African tech

Africa-focused tech talent accelerator Andela has let go of 135 employees, CEO Jeremy Johnson said. Senior staff at the company…

May 12, 2020

Falling fuel price could push inflation to 17-year low – BNP Paribas

Falling fuel prices and collapsing demand are likely to outweigh the effects of a weaker rand, and could push consumer…

May 11, 2020

Chad kicks off industrialization plan

The Republic of Chad strives for an 8% yearly growth rate by 2030 via industrialization and economic diversification. Chad hopes…

April 24, 2020

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