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 Ibrahim Shuaibu KANO (Reuters) – A suicide car bomber killed five people on a street of popular bars and restaurants in the northern Nigerian city of Kano on Sunday evening, in an area mostly inhabited by southern Christians, police said. Kano police spokesman Musa Majiya said the bomber struck Gold Coast Street in the … Read more
NAIROBI (Reuters) – At least four people were killed on Friday in two explosions in the Kenyan capital Nairobi, the National Disaster Operations Centre (NDOC) said. There was no immediate claim of responsibility. In the past such attacks have been widely blamed on the Somali Islamist militant group al Shabaab, which wants Kenyan troops out of Somalia and in September killed … Read more
By Patricia Zengerle WASHINGTON (Reuters) – A top U.S. Defense Department official on Thursday said Nigeria had been too slow to respond to the threat of Boko Haram but Washington is committed to helping fight the Islamist militants and rescue over 200 girls seized from their school a month ago. U.S. officials have said the effort to retrieve the … Read more
By James Macharia NAIROBI (Reuters) – Kenya rebuked Britain, the United States, France and Australia on Thursday for issuing warnings about travel to the east African country, while hoteliers said at least 400 tourists had checked out of hotels along the Indian Ocean coast. Kenya called the alerts “unfriendly”, saying they would increase panic and play into the hands of those behind the gun and grenade … Read more
OUAGADOUGOU (Reuters) – A project led by Pan African Minerals to develop the Tambao manganese project in Burkina Faso will cost up to $1 billion, the chairman of holding group Timis Corporation said on Thursday, a day after receiving the government’s green light. The manganese mine in the north of Burkina Faso, near the border with Niger and Mali, is thought to contain over 100 … Read more
ABID (Reuters) – At least eight people, including five civilians, were killed when gunmen believed to have come from Liberia seized a border village in western Ivory Coast, the parliamentarian for the area said on Friday. Heavily armed fighters crossed the Cavally River, which forms the boundary between the two West African neighbours, and attacked the village of Fetai early … Read more
ALGIERS (Reuters) – Algerian President Abdelaziz Bouteflika proposed amending 47 articles of the constitution, including imposing a two-term presidential limit and delegating more authority to the prime minister, a government source said on Thursday. Bouteflika, 77, promised constitutional reforms after winning an April election to secure five more years in office despite suffering a stroke … Read more
From Silicon Cape, South Africa, to Silicon Savannah in Kenya, the continent’s technology experts are working on discoveries they hope will be as big as Google or Facebook have been to the world. Local experts tell CNBC Power Lunch hosts Alec Hogg and Gugulethu Mfuphi that the big inventions to come out of Africa are … Read more
KHARTOUM (Reuters) – A Sudanese court has sentenced a 27-year-old woman to death for converting to Christianity, judicial sources said. Mariam Yahya Ibrahim had been ordered to abandon her newly adopted Christian faith and return to Islam. She had also been charged with adultery for marrying a Christian man.
DAKAR (Reuters) – The International Monetary Fund says it will delay the disbursement of $6 million in aid to Mali pending a clarification from the government on the purchase of a $40 million presidential jet, an IMF spokesman said. The controversy over the jet, and a separate loan for military supplies, risks undermining confidence in … Read more