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McKinsey’s latest report on Africa-China economic partnership challenges previous beliefs
Through a study conducted across eight countries that together make up about two-thirds of Sub-Saharan Africa’s GDP, the report...
Magufuli eats humble pie, Allows foreigners to Buy shares in Telecoms After Vodacom IPO flops
Tanzania will allow foreign investors to buy shares in telecommunications companies listing on the domestic stock exchange, after an...
Tanzania bans unprocessed food crop exports
Tanzania has banned the export of foodgrain following concerns over an increase in food smuggling to neighbouring countries. At...
Kenya Manufacturers Boss Flora Mutahi takes up COMESA Council Vice Chair Position
Kenya Association of Manufacturers (KAM) Chairlady Flora Mutahi is the new Vice Chairperson of the Common Market of Eastern and Southern Africa (COMESA) Business Council. Ms Mutahi was elected after a highly contested election in Lusaka Zambia. By Brian Muthuri COMESA Business Council (CBC), whose key role is to... Read more
S.African finance minister says whether he stays in job is up to Zuma
South African Finance Minister Pravin Gordhan, who is facing an investigation by police that the opposition has called a “witch-hunt”, said on Thursday that whether he remained in office was up to President Jacob Zuma. Gordhan, who was responding to a question at an event in Cape Town, said... Read more
Scandal-hit Gupta family says plans to sell South African holdings
South Africa’s wealthy Gupta family, which has been accused of holding undue political sway over President Jacob Zuma, said on Saturday it planned to dispose of all stakes it holds in South African businesses before the end of the year. The Guptas have denied accusations that they have used... Read more
UK court says SABMiller shareholders can be split into two classes
SABMiller shareholders can be treated as two separate groups when they vote on the company’s takeover by Anheuser Busch InBev, a court in London ruled on Tuesday, granting a request from SAB for a split. The 79 billion pound ($103 billion) deal requires 75 percent approval by SAB shareholders.... Read more
Nigeria’s central bank governor flew to Britain and the United States this week to try to lure back investors scared off by the plunge in oil prices and resulting financial turmoil, a central bank official said on Friday. The central bank last month bowed to foreign pressure to remove... Read more
Following the departure of the company’s Uganda Managing director Francis Kajura, UAP old mutual Uganda has appointed David Kuria as the new CEO. David Kuria has been MD of UAP South Sudan and is no stranger to the Uganda market having helped  set up the Britam Insurance Company in... Read more
Nigerian President Muhammadu Buhari has replaced Oil Minister Emmanuel Ibe Kachikwu as group managing director of state oil company NNPC as part of a wider board overhaul. Oil accounts for about 70 percent of Nigeria’ revenue, but the OPEC member has been hit hard by a prolonged drop in... Read more
The World Bank’s latest review of government policies and institutions in Africa shows that more than half of the region’s countries posted relatively weak performance in their policy environment supporting development and poverty reduction in 2015. According to the World Bank’s annual Country Policy and Institutional Assessment (CPIA) for... Read more
Ghana’s opposition called on Thursday for an inquiry into whether a businessman won a $613,000 government construction contract by giving President John Mahama a large sports utility vehicle – a suggestion dismissed by the government. Communications Minister Omane Boamah denied any impropriety, saying Mahama did not personally award the... Read more
Atlas Mara, the African investment vehicle of  Ugandan Born Millionaire Ashish Thakkar and ex-Barclays boss Bob Diamond, on Thursday reported a $2 million loss for the first quarter on Thursday, blaming weaker African currencies and a more challenging economic backdrop. The company said it still aims for its full-year... Read more