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Business

Apr 24, 2016
Mozambique and South African companies interested in building a gas pipeline from the Rovuma Basin in the far north of Mozambique to South Africa’s Gauteng province began discussions to unveil…
Apr 20, 2016
Nigeria's state oil firm NNPC has launched bidding to find partners to overhaul its ailing refineries, it said in a tender published on Tuesday. Africa's top oil producer has been…
Apr 14, 2016
Leading manufacturer of steel products in Ghana, Sentuo Steel of China, has said it plans to open an $80 million ceramic tiles factory in the country by December 2017. The…
Apr 13, 2016
Zimbabwean President Robert Mugabe moved to clarify the government's plan to enforce its controversial black ownership law, suggesting that the implementation would be reasonable and sector-based, in a move to…
Apr 12, 2016
The Dangote Group has started constructing a one billion dollars cement factory in Okpella in Edo State in south-western Nigeria to expand its cement production in Nigeria. The six million…
Apr 07, 2016
Algerian billionaire Issad Rebrab, the country’s wealthiest entrepreneur, has bought the El Khabar media group for around $45 million, the group said Monday. Issad Rebrab, boss of Cevital, the first…
Apr 06, 2016
The Enugu Chamber of Commerce, Industry, Mines and Power (ECCIMA),has commended Dangote Group for African industrialisation. Dangote Group’s giant strides in establishing cement plants across Africa has attracted commendation of…
Apr 05, 2016
Diamond production declined for the fourth consecutive quarter, reflecting a decrease of 33.4 percent in the third quarter of 2015 as compared to the third quarter of 2014, official figures…
Mar 29, 2016
A state visit this past weekend to Saudi Arabia will ensure continued private sector investment in South Africa's renewable energy and petrochemical sectors, banking and finance and tourism infrastructure, the…
Mar 24, 2016
Zimbabwe's government will on April 1 shut down foreign-owned companies that have not complied with its empowerment laws which demand that they sell their shares to locals, youth and empowerment…
Mar 23, 2016
Nigeria’s Department of Petroleum Resources (DPR) has issued 21 licences to investors to establish new refineries in the country. According to a statement by the DPR, 25 private refinery licences…
Mar 21, 2016
Nigeria is set to ramp up the amount of crude oil it swaps for vital petrol imports by more than a third as it grapples with the worst economic crisis…
Mar 19, 2016
Nigeria's business magnate and Africa's wealthiest man Aliko Dangote is considering investing in Madagascar. Madagascar, the world's fourth largest island, is located in the Indian Ocean 250 miles off the…
Mar 18, 2016
Aliko Dangote, Africa’s richest man, has made a bid for a majority stake in automaker Peugeot Automobile Nigeria (PAN) Limited. Aliko Dangote Nasir El-Rufai, the Governor of Nigeria’s Kaduna state,…

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