African budget airline Fastjet said it would seek more funds sooner than originally expected to achieve a turnaround, prompting Chairman Colin Child to resign on Friday after months of the company battling its second-biggest investor to retain him.
Uganda's cocoa production is likely to increase by 15% over the next three years, boosted by additional maturing trees in the country's western region, a leading industry executive said today.
French oil major Total, the Ivorian state oil company and four other partners have formally established a consortium to build a liquid natural gas (LNG) import terminal meant to feed the country's growing electricity consumption.
Dubai-based conglomerate Emarat Dzayer Group said it had signed a joint venture agreement to develop a $1.6 bn steel factory in Algeria, boosting the North African country's drive to diversify its economy and attract foreign investment.
South Africa's biggest consumer foods maker, Tiger Brands, reported a 19% rise in full-year profit today, after disposing of a loss-making Nigerian unit.
Oil firms including China's Sinopec have expressed an interest in developing Uganda's planned oil refinery and an investor for the project will be selected by February 2017, a top government official said on Tuesday.
South Africa's government has slowed its nuclear power expansion plans, according to a draft energy paper, although state energy utility Eskom said the country should stick to its original plan of bringing a new plant online by 2025.
- Drought, weak economy to impact South African food producers in 2017
- Moody's predicts 2.5% expansion in Nigeria's 2017 GDP if oil output rises
- Nigeria needs billions in new investment to raise oil output, producer says
- Freeport closes Congo mine sale; Trump's victory triggers rise of copper
- Congo state miner gave royalties to Israeli billionaire
- South Africa's mining chamber says court decision limits power of safety inspectors
- Mozambique to treat bondholders, commercial lenders same in debt restructuring