The world is changing fast and to keep up you need local knowledge with global context.
Africa is home to seven of the 10 fastest growing economies globally. This section of Biznews targets existing and potential investors into the African continent. Editors curate the most important news about African business, infrastructure development and investment, including emerging market essentials, trade and development, economic insights, SADC, ECOWAS and EAC region reports.
JUBA (Reuters) – South Sudan’s President Salva Kiir has sacked his army chief, a military spokesman said, replacing him with a loyalist from his own ethnic group as the country’s four-month conflict shows signs of being increasingly fought along tribal lines. Kiir also replaced his head of intelligence, days after government troops were routed from … Read more
By Humphrey Malalo NAIROBI (Reuters) – Four people killed when a car bomb exploded outside a police station in a poor neighbourhood of the Kenyan capital Nairobi on Wednesday, the Interior Ministry said. Police officers had earlier stopped the saloon car at traffic lights and were taking the occupants for questioning when the bomb exploded, … Read more
Civilians flee from renewed attacks in Bentiu, Unity state of South Sudan April 20, 2014. Rebels slaughtered hundreds of civilians when they seized the South Sudanoil hub of Bentiu, hunting down men, women and children who had sought refuge in a hospital, mosque and Catholic church, the United Nations said on Monday. REUTERS/Emre Rende
KINSHASA (Reuters) – At least 37 people were killed in a train crash in Democratic Republic of Congo’s Katanga province on Tuesday, a witness and a local official said on Wednesday. A witness said he counted 37 bodies at the scene of the crash. Dikanga Kazadi, Katanga’s interior minister, gave a provisional toll of 56 … Read more
HARARE (Reuters) – Zimbabwe will let foreigners keep majority stakes in banks for now because locals have no money to buy shares, the finance minister said on Wednesday, signalling a pause in President Robert Mugabe’s black economic empowerment drive. But Patrick Chinamasa said the government would not amend on plans to force foreign mining companies … Read more
By Ed Cropley JOHANNESBURG (Reuters) – When Nkululeko Simelane was born on April 27, 1994, her parents did not have to think twice about her name. Her birth coincided with South Africa’s first multi-racial elections, the momentous day that ended three centuries of white domination and 46 years of formalised oppression of the black majority … Read more
JOHANNESBURG (Reuters) – Rhino horn stock piles worth over $5.2 million have been stolen from a South African game park office, the raided tourist agency said on Tuesday, in the first known theft of its kind. Thieves on Monday broke into the Mpumalanga Tourism and Parks Agency and cut into a strong box, making off … Read more
By Carl Odera and Michelle Nichols NAIROBI/UNITED NATIONS (Reuters) – South Sudan peace talks were delayed again on Tuesday as United Nations peacekeepers battle to protect some 22,000 civilians at a base in Bentiu, where dead bodies lined the dusty streets after an ethnic massacre during rebels’ seizure of the oil town. The U.N. base, … Read more
By Richard Valdmanis BOSTON (Reuters) – Rwandan President Paul Kagame said on Tuesday it was too early to say whether he will seek a third term as head of the east African state, adding “whatever will happen, we’ll have an explanation.” Articles in pro-government newspapers in recent years have raised the prospect of him staying … Read more
CAIRO (Reuters) – A senior Egyptian police officer was killed when a bomb exploded under his car outside his home near Cairo on Wednesday, state television and a security source said. Brigadier-General Ahmed Zaki was killed in the explosion in 6th of October City, 32 km (20 miles) from the capital, the state-run Nile news … Read more