South Africa's Kumba Iron Ore, a unit of Anglo American, will pay $186m to settle a tax dispute with local authorities, the company said on Friday, sending its share price over 7% lower.
Animal carcasses littered the fields and stench of dead animals pervaded the air in Kenya's Marsabit County this week, the result of a prolonged period of drought which destructed forage for animals and made local population dependent on handouts to survive.
Ghana's new government has inherited a budget deficit "closer to double digits" as a percentage of GDP than the 5% targeted for 2016 by the previous government, Finance Minister Ken Ofori-Atta told Reuters on Wednesday.
South Africa recorded a larger-than-expected surplus in December, largely due to a sharp fall in imports as the continent's most industrialised country continued to see subdued consumer and business confidence.
Cocoa grinders in Côte d’Ivoire are holding off on new investments after military and social unrest this month, potentially denting government plans to boost processing of the commodity in the world's top grower.
The head of the African Union said today that a US travel ban on seven Muslim-majority countries including three in Africa heralded "turbulent times" for the continent.
- Tunisia needs $2.85 bln in external financing this year
- Kenya's Safaricom shifts funding to catch up on fixed-data demand
- Ghana's only oil refinery shut after explosion
- Uganda's Crane Bank assets, liabilities transferred to dfcu
- AfDB says gives Comoros $20 mln for road network
- Tanzania to receive $300m World Bank loan for Dar es Salaam port expansion
- Home-grown African wealth funds seeking foreign partners to fix infrastructure gap