Exclusive African Business News & Trade Deals
South Africa’s biggest grocery retailer, Shoprite (SHPJ.J) has agreed to sell its furniture business including the OK Furniture and House & Home brands to discount retailer Pepkor, the companies said … Read More
Ethiopia’s state-owned carrier Ethiopian Airlines said it has suspended flights to neighbouring Eritrea, citing unspecified difficult operating conditions. Eritrea had previously said it would suspend all Ethiopian Airlines flights at … Read More
Uganda is embarking on oil exploration in two new regions that could significantly boost the country’s proven crude reserves, which currently stand at 6.5 billion barrels, Energy Minister Ruth Nankabirwa … Read More
Ghana’s cocoa regulator, Cocobod, will not secure a syndicated loan for the 2024/25 cocoa season, a first in over 30 years, announced Chief Executive Joseph Boahen Aidoo on Tuesday. The … Read More
The South African rand weakened on Tuesday, trading at 17.8625 against the dollar, down 0.95% from its previous close. The decline comes as markets await key inflation data and signals … Read More
In the scorching morning heat of Kampala, young men on motorcycles spring into action at the sight of a potential passenger, competing fiercely for business. For many in Uganda’s capital, … Read More
About 68 million people in Southern Africa are suffering the effects of an El Nino-induced drought which has wiped out crops across the region, the regional bloc SADC said on … Read More
Former President Olusegun Obasanjo has expressed concerns that those currently profiting from Nigeria’s fuel importation sector may seek to undermine the Dangote Petroleum Refinery. This follows allegations made by Aliko … Read More
South Sudan says exporters of cargo into, or out of its territory must tag it with special seals it will provide, overriding a court challenge mounted by traders to oppose … Read More
The East African Community Secretariat has cautioned the private sector in partner states against frequent requests for stay of application of tax on products that are readily available in the … Read More
