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.
By Belinda Goldsmith LONDON (Reuters) – The kidnapping of 200 Nigerian girls and several recent horrific murders of women is expected to raise pressure on the world community to take concrete action to punish those responsible for sexual violence at a global summit in London this week. Invited by Hollywood actress Angelina Jolie and British … Read more
Egyptian security officials say police have arrested seven men for sexually assaulting a 19-year-old student during celebrations marking the inauguration of a new president. Video footage posted on social media shows the student completely naked with parts of her body bloodied as policemen struggle to escort her out of Cairo’s Tahrir square, where tens of … Read more
CAIRO (Reuters) – Egyptian Prime Minister Ibrahim Mehleb is about to present his government’s resignation to new President Abdel Fattah al-Sisi, the state news agency reported on Monday. Mehleb’s formal resignation will clear the way for the formation of a new government following Sisi’s inauguration on Sunday. The two men are due to hold talks … Read more
By Isaac Abrak and Lanre Ola ABUJA/MAIDUGURI Nigeria (Reuters) – A female suicide bomber killed herself and a soldier outside an army barracks in Nigeria’s northeastern city of Gombe on Sunday, the military said, as local leaders reported the death count from a string of earlier militant attacks had reached 110. No one claimed responsibility … Read more
By Ulf Laessing TRIPOLI (Reuters) – Libya has lost $30 billion due to 10 months of protests at oilfields and export terminals but has sufficient foreign currency reserves to keep the country running, a central bank official said. A wave of protests at oil facilities has reduced the North African country’s oil output to less … Read more
By Lanre Ola MAIDUGURI Nigeria (Reuters) – Suspected Islamist militants pretending to be preachers rounded up and killed at least 42 villagers in northeastern Nigeria, a police source said, as an escalating insurgency increasingly targets civilians. The shootings on the outskirts of the city of Maiduguri late on Wednesday came a day after officials said … Read more
GHARBOULI Libya (Reuters) – Libya’s coastguard detained 114 African migrants in a packed boat headed for Europe on Thursday, officials said. Some 43,000 migrants have crossed from North Africa to Italy so far this year, mostly via Libya where a weak central government is struggling to secure its porous land and sea borders. “We arrested … Read more
LONDON (Reuters) – Britain’s Foreign Secretary William Hague will host a meeting of African and Western officials in London next week aimed at stepping up international efforts to defeat Islamist group Boko Haram, his office said on Thursday. Although Boko Haram has been fighting for five years, carrying out bombings and attacks on civilians and … Read more
MAIDUGURI Nigeria (Reuters) – Suspected Islamist militants killed dozens of civilians in three villages in northeastern Nigeria, a security source and a relative of one of the victims said on Wednesday, where almost daily deadly attacks have intensified over the last few weeks. Gunmen in combat clothing riding on army trucks drove into the villages … Read more
LUANDA (Reuters) – General Electric (GE) will supply railway and energy equipment to Angola in a $1 billion deal financed by the U.S.-run Export-Import Bank (Ex-Im), officials and state-run media said on Wednesday. The state-owned Jornal de Angola newspaper said the agreement would involve $650 million of energy equipment and the remainder on railway machinery. … Read more