South Africa's UASA union has broadly accepted an offer for wage increases of up to 10 percent, a spokesman said on Thursday, a move that would take about 20,000 metal workers out of a three-week strike that has hit the supply of auto parts.
The United Association of South Africa union (UASA) said on Thursday it had accepted a wage increase offer of between 7 and 10 percent, raising hopes of an end to a three-week strike by more than 200,000 steel and engineering workers.
- Dasmani Laary
Airtel Ghana is investing GH₵ 200 million (approx. $59 million) in a network services expansion drive with an emphasis on revamping data services.
- Carolyn Cohn and Angeline Ong in London
Nigeria's central bank needs to increase its foreign exchange reserves before conditions would be suitable for a rate cut, and a cut is unlikely before presidential elections next year, one of the bank's deputy governors said on Wednesday.
- Patrick Nduwimana in Bujumbura
Burundi's cabinet will propose new duties on some alcoholic drinks and other products, an airport departure tax and other measures to make up for a shortfall in forecast revenues for 2014, according to a draft bill seen on Wednesday.
- Beyene Geda
A Russian company is set to begin petroleum and natural gas exploration in Ethiopia after signing an agreement with the country's mines ministry.
- Aaron Maasho in Addis Ababa
Ethiopia should consider devaluing its currency to boost exports as they are mostly unprocessed products and need to stay competitive on price, a World Bank economist said on Tuesday.
- PayPal's Nigeria launch sees great uptake
- Global funds for African farmers
- Zimbabwe could miss 6.4 pct growth target for 2014
- Gabon oil block talks make headway despite dispute with Total and Sinopec
- South Africa to crackdown on illegitimate financial transactions
- Infrastructure obstacles slow Mozambique's coal
- Zimbabwe's power utility firm to shed thousands of jobs in money saving scheme