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.
AMSTERDAM (Reuters) – The International Criminal Court on Friday sentenced Congolese warlord Germain Katanga to 12 years in prison for crimes including murder and pillaging committed during an attack on a village in 11 years ago. Katanga becomes only the second person to be sentenced by the court in more than a decade of existence. He was … Read more
By Michelle Nichols UNITED NATIONS (Reuters) – The U.N. Security Council committee on al Qaeda sanctions blacklisted Nigeria’s Islamist militant group Boko Haram on Thursday after the insurgents kidnapped hundreds of schoolgirls, diplomats said. Nigeria, which until recently had been reluctant to seek international help to combat Boko Haram, requested earlier this week the group … Read more
By Lanre Ola MAIDUGURI Nigeria (Reuters) – Suspected militants from Islamist group Boko Haram shot dead 29 farm workers as they tilled their fields in remote northeast Nigeria, a police source said on Thursday, amid a mounting insurgency increasingly targeting civilians. The attackers destroyed most of the village of Chukku Nguddoa and wounded another 10 people on Wednesday, said the police source … Read more
LILONGWE (Reuters) – Malawi’s ruling People Party has found “serious irregularities” in the counting and announcement of results from its May 20 election, President Joyce Banda said on Thursday, ordering a “manual audit” of the process. Anomalies included vote tallies that exceeded the total number of registered voters in some constituencies and the use of … Read more
BAMBARI Central African Republic (Reuters) – Three civilians were killed in Central African Republic on Thursday as hundreds of Muslims armed with rifles and machetes clashed with French peacekeeping troops trying to disarm members of the rebel Seleka coalition in the town of Bambari. A rebel spokesman in Bambari said the French troops had opened … Read more
MAIDUGURI Nigeria (Reuters) – Nigerian teachers went on strike and staged rallies nationwide on Thursday in protest against the kidnapping of more than 200 schoolgirls by the Islamist Boko Haram sect and the killing of nearly as many teachers during its insurgency. Boko Haram gunmen stormed a school outside the remote northeastern town of Chibok … Read more
A Malawian deputy minister on Thursday committed suicide, apparently over losing his parliamentary seat in this week’s general election, Zodiak broadcasting station and other media reported. Outgoing deputy Local Government Minister Godfrey Kamanya shot himself in his home. Official results of Tuesday’s election are still to be announced. But preliminary election results aired on radio … Read more
ACCRA (Reuters) – Ghana is to suspend issuing new gold-prospecting permits to allow time for an audit of existing licences, the chief executive of the minerals commission told Reuters on Thursday. The West African state produced 4.29 million ounces (122 tonnes) of gold in 2013, down 0.7 pct from 4.32 million ounces produced in 2012, … Read more
By Mabvuto Banda LILONGWE (Reuters) – Allegations of hackers breaking into the Malawi Election Commission’s (MEC) computers and tampering with the results of this week’s election have raised fears of a disputed result and post-poll violence in the southern African nation. After a catalogue of mishaps surrounding the May 20 poll, the MEC announced late … Read more
KIGALI – Rwanda — May 21, 2014 — Representatives from SAP are today participating in a panel discussion on Africa at the annual meeting of the African Development Bank in Rwanda. The theme of the discussion will focus on entrepreneurship and job growth, SMEs and fostering innovation in Africa, with SAP elaborating on the strong … Read more