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.
Cairo, Egypt – By Stephen Adler and Richard Mably CAIRO, May 15 (Reuters) – Abdel Fattah al-Sisi, the general who ousted an elected Islamist president and is set to become Egypt’s next head of state, called on the United States to help fight jihadi terrorism to avoid the creation of new Afghanistans in the Middle … Read more
BAMAKO (Reuters) – Three United Nations peacekeepers were injured on Tuesday when their vehicle hit a landmine in the northern Malian town of Kidal, a spokesman for the U.N. mission said. Olivier Salgado said the blast occurred near the U.N. base in Kidal. The injured peacekeepers are from Senegal and would be flown to Gao, … Read more
GENEVA (Reuters) – The World Food Programme will help to feed nearly 6.5 million Ethiopians this year, the U.N. agency said on Tuesday, with the country hit by locusts, neighbouring war and sparse rainfall. “We are concerned because there is the beginning of a locust invasion in the eastern part of the country, and if … Read more
CAIRO (Reuters) – The number of tourists visiting Egypt fell 32.4 percent in March compared with the same month last year, state media said on Tuesday, as a vital source of foreign currency continues to dry up after years of political turmoil. Around 755,000 tourists visited Egypt in March, state-news agency MENA quoted official statistics … Read more
ABUJA (Reuters) – A mother of one of 200 abducted Nigerian schoolgirls has identified her daughter on a video by Islamist rebels that shows the girls in captivity, a school leader told Reuters by telephone on Tuesday. One mother watched the video on television on Monday evening and spotted her daughter among dozens of girls sitting … Read more
WASHINGTON (Reuters) – The United States has deployed manned surveillance aircraft over Nigeria and is sharing satellite imagery with the Nigerian government to find more than 200 schoolgirls abducted by Islamist insurgents, a senior Obama administration official said on Monday. Washington has sent military, law-enforcement and development experts to Nigeria to help search for the … Read more
At least five people were killed Monday in a huge explosion targeting a senior official in the southern Somali town of Baidoa, police said. “The target was a pick-up truck transporting a senior local official,” police spokesman Mohamed Moalim Abdirahman said. “He escaped the attack, but two of his security guards were killed along with … Read more
By SYLVIE CORBET Associated Press A French official says Nigerian President Goodluck Jonathan has agreed to attend a security summit on Saturday in Paris to focus on the Boko Haram terrorist network, which abducted more than 300 schoolgirls in Nigeria last month. France is still awaiting confirmation from leaders of the four countries bordering Nigeria: … Read more
PARIS (Reuters) – Abubakar Shekau, the leader of Nigeria’s Islamist Boko Haram militants, said on Monday he would release more than 200 schoolgirls abducted by his fighters in exchange for prisoners, according to a video seen by Agence France-Presse. The French news agency said the 17-minute video showed about 100 girls wearing full veils praying in an … Read more
PORT LOUIS (Reuters) – Mauritius’ Sun Resorts posted an 82 percent drop in its pretax profit for the first quarter to 24.5 million rupee ($815,300) after lower tourist arrivals led to a pricing war in the local market, it said on Monday. The Indian Ocean island state has seen its vital tourism industry struggle in … Read more