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It Was an Unlucky Week to Throw $8.8 Billion at the Stock Market

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May 19, 2018
Sugar workers prepare the land for sugar cane cultivation in Triolet, northern Mauritius in this undated photo. File.

Mauritius 2017 Unemployment Falls To Lowest Since 2008

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May 17, 2018
africaTech May 16, 2018 / 9:35 AM / Updated 13 hours ago Uganda power distributor Umeme to spend $1.2 bln to expand grid Elias Biryabarema 3 Min Read KAMPALA (Reuters) - Ugandan power distributor Umeme Ltd plans to spend $1.2 billion in the next seven years to revamp and expand the grid and has hired an adviser to explore options for raising the money, the company’s chief executive said on Wednesday. A contractor looks at the camera as others rest at the construction of the Karuma 600 megawatts hydroelectric power project under construction on River Nile, Uganda February 20, 2018. REUTERS/James Akena

Uganda Power Distributor Umeme To Spend $1.2 bln To Expand Grid

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May 16, 2018
FILE PHOTO: A mine worker returns from the Lonmin mine at the end of his shift, outside Rustenburg, northwest of Johannesburg October 5, 2015. REUTERS/Siphiwe Sibeko

Miner Lonmin Narrows H1 Loss, Trims Spending Target

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May 14, 2018
A man carries a cocoa bag while walking over cocoa beans left out to dry in Niable, at the border between Ivory Coast and Ghana, June 19, 2014. REUTERS/Thierry Gouegnon

Ghana’s Cocobod Seeking $1.5 bln From China’s Eximbank- CEO

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May 10, 2018
The International Monetary Fund logo is seen during the IMF/World Bank spring meetings in Washington, U.S., April 21, 2017. REUTERS/Yuri Gripas

IMF Warns Of Rising African Debt Despite Faster Economic Growth

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May 8, 2018

Record Bond Sales Await Nigeria as Firms Flock to Raise Debt

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May 7, 2018
Tahrir square in Cairo. Photographer: Sima Diab/Bloomberg

Egypt Population Surge Must Be Met with Job Growth, IMF Says

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May 7, 2018

Ex-Tax Agency Boss Receives Disciplinary Charges

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May 5, 2018
Malawi President Arthur Peter Mutharika addresses the 72nd United Nations General Assembly at U.N. headquarters in New York, U.S., September 20, 2017. REUTERS/Lucas Jackson

Mutharika Says Economy To Grow By 6 Percent in 2019

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May 4, 2018
Ed Stoddard 3 Min Read JOHANNESBURG (Reuters) - The chairman of Vedanta Resources Plc, who is also Anglo American’s biggest shareholder, said on Monday he had convinced Anglo not to sell off key assets in South Africa. A bird flies past the logo of Vedanta installed on the facade of its headquarters in Mumbai, India January 31, 2018. REUTERS/Danish Siddiqui

Vedanta Chairman Told Anglo Not To Sell South African Assets

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May 2, 2018
IMF Deputy Managing Director Zhang Tao attends the China Development Forum in Beijing, China, March 18, 2017. REUTERS/Thomas Peter

IMF Approves New Three-year Loan Arrangement For Malawi

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May 1, 2018
A general view shows a cross-section of the Olkaria IV Geothermal power plant near the Rift Valley town of Naivasha, Kenya February 15, 2018. REUTERS/Thomas Mukoya

World Bank Approves $180 mln Loan Guarantee For Kenya’s Energy Sector

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April 30, 2018
Tarek El Molla, Egypt's Minister of Petroleum and Mineral Resources . REUTERS/Amr Abdallah Dalsh

Egypt, Cyprus To Sign Deal To Connect Aphrodite Gas Field With Egypt

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April 30, 2018
Owendo cargo port near Libreville, Gabon. Photographer: Steve Jordan/AFP via Getty Images

How Befriending African Leaders Backfired on French Billionaire

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April 27, 2018