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.
BEIJING (Reuters) – Chinese Premier Li Keqiang unveiled extra aid for Africa totalling at least $12 billion on Monday, and offered to share advance technology with the continent to help with development of high-speed rail, state news agency Xinhua reported. Li pledged the additional funding in a speech at the Organisation of African Union headquarters … Read more
ABUJA (Reuters) – The Islamist militant group Boko Haram claimed responsibility on Monday for the abduction of more than 200 schoolgirls during a raid in the village of Chibok in northeast Nigeria last month, the French news agency AFP reported, citing a video it had obtained. “I abducted your girls,” Boko Haram leader Abubakar Shekau … Read more
By Aaron Maasho ADDIS ABABA (Reuters) – China signed a raft of agreements with Ethiopia on Sunday as Premier Li Keqiang arrived for the first leg of his four-nation Africa tour aimed at shoring up burgeoning Sino-Africa ties that saw their trade top $200 billion last year. This is Li’s first visit to Africa since he became premier last year, and follows a trip to the continent … Read more
By Phil Stewart KINSHASA (Reuters) – The United States urged Democratic Republic of Congo on Sunday to stick to its constitution that sets terms limits for the president, as speculation grows that Joseph Kabila may seek a third term. Highlighting an issue that exists in several African countries where leaders have sought to extend their rule beyond constitutional limits, … Read more
NAIROBI (Reuters) – Kenya on Friday launched a single electronic system for processing imports and exports, to simplify red tape blamed for holding up trade in the trading hub of the region. Kenya is the main trade gateway to east Africa, through its Indian Ocean port of Mombasa, but traders say it takes too long to get goods cleared and … Read more
By Pascal Fletcher ABUJA (Reuters) – Delegates to the World Economic Forum on Africa (the African Davos) next week in the Nigerian capital Abuja will be in the right place to reflect on the rising continent’s problems, as well as its undoubted potential. Participants, including Chinese Premier Li Keqiang and African leaders, meet as the continent’s largest economy grapples with a surging Islamist … Read more
Police say the toll has risen to at least 19 killed in a car bomb that exploded on a busy road in Nigeria’s capital, just days before the city is to host a major international conference. The bomb exploded where traffic built up near a checkpoint across the road from a busy bus station where … Read more
By Isaac Abrak and Afolabi Sotunde ABUJA (Reuters) – A suspected car bomb exploded on the outskirts of Nigeria‘s capital Abuja on Thursday, killing at least 15 people a week before the city was to host a conference of leaders and business executives focused on Africa’s growth prospects, witnesses said. The explosion hit the suburb of Nyanya, close to the … Read more
By Carl Odera JUBA (Reuters) – A personal power struggle between South Sudan’s leaders is driving Africa’s newest nation to “catastrophe”, the U.N. rights chief said on Wednesday. The visit by U.N. High Commissioner for Human Rights Navi Pillay was prompted by a rebel attack on the South Sudanese oil hub of Bentiu this month … Read more
By Ben Blanchard BEIJING (Reuters) – Chinese Premier Li Keqiang is to visit four African countries, including oil-rich Angola and Nigeria, but will not be going simply for energy deals as China increasingly aims to boost African living standards, officials said on Wednesday. Trips by Chinese leaders to Africa are often marked by big natural … Read more