Africa

Johannesburg-based Absa Group, under the leadership of CEO Kenny Fihla, has pledged R1.7 billion ($100 million) to CrossBoundary Energy (CBE)...

Army officers in Guinea-Bissau declared on Wednesday that they had taken control of the country, abruptly suspending the release of...

Ivory Coast expects its economy to accelerate over the next five years, driven by a surge in oil and gas...

Ghana’s central bank cut its benchmark interest rate by 350 basis points to 18 percent on Wednesday, a deeper reduction...

Ghana’s central bank has trimmed its key interest rate for the third time in a row, signalling growing confidence in...

Kenya’s Paramount Bank has strengthened its financial position ahead of a potential takeover by Nigeria’s Zenith Bank, pushing its core...

Tanzania’s youngest billionaire, Mohammed “Mo” Dewji, has secured fresh backing to strengthen the country’s agricultural sector, after the African Development...

Egyptian businessman Hani Berzi has added $8.35 million to his fortune over the past 40 days, thanks to his controlling...

Caverton Offshore Support Group Plc, founded by Nigerian magnate Aderemi Makanjuola, is implementing a groupwide overhaul to curb losses and...

Lesaka Technologies, backed by South African billionaire Patrice Motsepe, has received approval from South Africa's Competition Commission for its planned...