Amazon May Quit African HQ Deal If Blocked, Cape Town Court Hears
ONLINE retail giant Amazon could pull out of a deal to create its Africa headquarters in Cape Town, if a…
Category: Business/Economy
African Tourism Sees 12% Jump In 2021 But Remains Well Below Pre-Pandemic Levels
GLOBAL tourism experienced a 4 percent increase in 2021, compared to 2020. However, the United Nations World Trade Organisation (UNWTO)…
AFC Raises $400 Million In Syndicated Loan For Critical Infrastructure In Africa
AFRICA Finance Corporation, Africa’s leading infrastructure solutions provider, has raised $400 million in a new syndicated loan to support the…
Britain Steps Up Kenya Investments With Railway Hub, Eyes $1bn Deals
BRITAIN is partnering with Kenya to build a new rail hub in the capital Nairobi, and its development arm CDC…
AfCFTA, Partners Launch Cross-Border Payment System To Boost Intra-African Trade
THE African Continental Free Trade Area (AfCFTA) Secretariat, African Export-Import (Afrexim) Bank, and other partners launched the Pan-African Payment and…
Barrick Gold Says Mali Mines Unaffected By ECOWAS Sanctions
BARRICK Gold, which owns Mali’s biggest gold mine complex Loulo-Gounkoto, says its mines in the country have ‘thus far not…
BHP Re-Enters Africa With Tanzania Nickel Investment
BHP Group has invested $40 million in a Tanzania nickel project, UK-based private company Kabanga Nickel said on Monday, the…
African Development Bank’s SEFA To Provide $1 Million In Support Of Botswana’s Energy Transition
Through its support for the further development of the renewable energy generation sector in Botswana, the project also contributes to…
China Denies Claims Of Trapping Africa Countries In Debt
CHINA’S Foreign Minister Wang Yi has rejected allegations that Beijing was luring African countries into debt traps by offering them…
Bureau Of Public Enterprise In Alleged N23B Unremitted Ports Concession Funds Scandal
THE Senate has uncovered how the Bureau of Public Enterprise (BPE) failed to remit about N23 billion ($679.4 million –…