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.
From SAPA The U.N. mission in South Sudan says a convoy of barges it hired to deliver food aid and fuel came under attack by gunfire and rocket-propelled grenades, wounding four people, including U.N. peacekeepers. The attack on Thursday took place on the Nile River as the barges were traveling to the city of Malakal. South … Read more
By MAGGIE HYDE Associated Press Egypt will try to save half the money it spends on wheat subsidies by issuing a new smart card system to ensure that the cheap bread goes to only the neediest. Egypt is the world’s largest importer of wheat and the country’s supply is subject to price changes on the … Read more
South Africa’s Public Protector Thuli Madonsela’s fame has spread far beyond her nation’s borders. As the story below highlights, the lady who dared expose the Nkandla scandal has been honoured in a list of the world’s 100 most influential people – global recognition of the respect her courage has drawn from fellow citizens. She is … Read more
BAMAKO (Reuters) – Malian authorities have changed the indictment against former military coup leader General Amadou Sanogo to a more serious charge of conspiracy to murder which carries the death penalty in the West African nation, his lawyer said Thursday. Sanogo was arrested and charged with complicity in kidnapping in November over the disappearance during … Read more
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