Tanzania said on Monday it needs $46.2 billion in investment over the next 20 years to revamp ageing energy infrastructure and meet soaring demand for electricity.
Italy and the European Union (EU) have pledged to finance migrant camps in Libya run by the U.N.-backed government, an agreement showed on Friday, 3 February, as part of a wider European Union drive to stem immigration from Africa.
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.
- Côte d’Ivoire unrest makes cocoa grinders rethink investments
- US travel ban heralds 'turbulent times' for Africa: AU chief
- 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