Ghana's only oil refinery, the Tema Oil Refinery, is shut after an explosion at a newly installed 5.8-million-euro crude oil heating unit, a senior union official said on Friday.
The assets and liabilities of Uganda's Crane Bank, which was put into receivership, have been transferred to dfcu, another mid-tier institution, the central bank said on Friday.
Tanzania will receive a $305m loan from the World Bank to expand its main port in it main commercial city Dar es Salaam, where congestion and inefficiencies are hampering ambitions to transform the east African nation into a regional transport hub.
Africa, famously short of new roads, ports and power stations, is increasingly leaning on its own sovereign investment funds to help fix its infrastructure gap.
Africa's number three oil producer Equatorial Guinea has held "fruitful" discussions and expects a decision soon on an offer to join the Organisation of the Petroleum Exporting Countries (OPEC), the country's energy minister told Reuters on Wednesday.
Africa Finance Corp (AFC) said it issued a three-year $150 million sukuk, becoming the first African government-backed entity to sell an Islamic bond.
- Egypt says committed to repaying $3.5bn to foreign oil firms
- Tanzania hopes for LNG plant agreement with oil majors by 2018
- Nigeria must not scare away MTN, says communications minister
- World's largest brewer offers voluntary severance in South Africa
- Ghana's new government says will review $918 million IMF deal
- South Africa economy poised for growth, stable repo rate in 2017
- Zimbabwe tax agency says misses 2016 revenue target due to weak economy