Business

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A campaign calling on Egyptians to stop buying new cars to curb price rises has dented sales, but supporters say values must fall further to lure cash-strapped customers back to the forecourt. With a population of more than 98 million, Egypt is a potentially huge market, though only a minority owns cars. Most popular models […]

Angola is expected to receive a $1 billion loan from the World Bank to finance social security, water projects, the president’s office said Wednesday. Africa’s second largest oil producer has been pushed into an economic crisis due to the fall in oil prices since mid 2014. Angola’s treasury is now expected to receive 1.5 billion […]

In Ivory Coast, Dana Mroueh’s chocolate factory is a rarity – and not only because the world’s top cocoa grower produces precious little finished chocolate. In the middle of the floor of her company Mon Choco’s factory sits a grinding bike, surrounded by large trays of carefully sorted cocoa beans. Poured in a funnel, beans […]

Kenya’s mobile operating firm Safaricom, has secured a deal with China’s largest e-commerce company. The deal will enable Kenyan shoppers to buy goods on the Aliexpress.com site, run by Chinese e-commerce giant Alibaba Group, using Kenya’s M-Pesa mobile payment service for online shopping. “This obviously then opens up a lot more opportunity because today customers […]

Ethiopia’s prime minister, Abiy Ahmed received French president Emmanuel Macron at the site of the buried churches of Lalibela, Ethiopia, a threatened World Heritage site that France wants to help preserve. PM Abiy Ahmed received EmmanuelMacron in his first state visit to Ethiopia. The welcome in Lalibela is the first of its kind since the city’s historic […]

Borno State, the birth place of Boko Haram crisis in northeast Nigeria has a new governor following gubernatorial polls held on March 9, 2019. Governor-elect Babagana Umara Zulum also made history according to reports being the first professor to become governor across the Muslim-dominated north. He replaces Kashim Shettima who had completed the two-term limit […]

Ethiopia’s prime minister, Abiy Ahmed received French president Emmanuel Macron at the site of the buried churches of Lalibela, Ethiopia, a threatened World Heritage site that France wants to help preserve. PM Abiy Ahmed received EmmanuelMacron in his first state visit to Ethiopia. The welcome in Lalibela is the first of its kind since the city’s historic […]

South Africa’s Absa bank has become the latest multinational corporation to express interest in exploiting the Ethiopian market, following last year’s decision by reformist Prime Minister Abiy Ahmed to liberalise the economy. Ethiopia has long prevented foreign ownership in economic sectors including banking, but Abiy has embarked on rapid political, diplomatic and economic reforms since […]

Algerian president Abdul Aziz Bouteflika will not be seeking a fifth term, the presidency confirmed late Monday. The date of elections has also been postponed according to a statement from the presidency. Polls were slated for April 4 but the date was threatened by serial protests that rocked the country calling for the president to […]

Over in Sudan, there is an uprising that keeps rising, calling for the president in charge for 30-years to quit. It has been pitted as a battle between the ordinary Sudanese and the regime of President Omar Al-Bashir. At the heart of the protests which started in December 2018 is the Sudanese Professionals Association, SPA, which […]


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