Exclusive African Business News & Trade Deals
Ugandan businessman Dr. Mathias Magoola has disputed a debt exceeding Shs 250 billion owed to Equity Bank Uganda and Kenya, alleging the loans were improperly calculated and advanced. Dr. Magoola, … Read More
The conflict over fare rates between ride-hailing companies and their driver-partners in Kenya has intensified. Drivers, who normally follow fare structures set by ride-hailing platforms, are now setting their own … Read More
A French court has seized three jets owned by the Nigerian government amid a long-standing dispute with a Chinese company. The row stems from a 2007 contract between Zhongshan Fucheng … Read More
A week after Mobius Motors, a Kenya-based automaker supported by Playfair Capital, announced its shutdown, the company has accepted an acquisition offer from an undisclosed buyer. Nicolas Guibert, a director … Read More
The Egyptian pound is falling against foreign currencies, approaching 50 per U.S. dollar after a recent increase in metro fares and fuel prices. The currency hit 49.16 per U.S. dollar … Read More
The prices on the menu have been erased at a small hotel in a suburb of Ethiopia’s capital, Addis Ababa. That was no mistake, the waiters said, as businesses in … Read More
The recent rupture of a crucial oil pipeline has sent fresh pain through the economy of South Sudan, where even the security forces haven’t been paid in nine months. Some … Read More
China and 26 African countries have agreed to strengthen partnerships and boost innovation in the digital sector. African participants at the Forum on China, Africa Digital Cooperation were hosted Monday … Read More
South Africa’s unemplyment rate increased by 0.6 percentage points from 32.9% in Q1 2024 to 33.5% in Q2 2024, the government’s statistics office reported Tuesday. Africa’s most industrialized economy has … Read More
The newly completed Dongo Kundu Bypass is set to boost cross-border trade between Kenya and Tanzania at the Lunga-Lunga One Stop Border Post (OSBP). This $307 million infrastructure project, which … Read More
