Africa News


Congo is losing $750 million of all mining revenue due to corruption – Africa Business RoundUp

In a report published on Friday, Global Witness said at least $750m paid by companies to the Congo's tax agencies and state-owned ...

Oxfam sets its HQ in  Nairobi – Regional News Roundup

British nonprofit Oxfam has finally set its international headquarters in Nairobi from  Oxford, where it was founded. As of today, @Oxfam HQs ...

Africa represents a critical commercial frontier for Trump Administration

A recent Ernst & Young report shows that China more than doubled its foreign direct investment (FDI) projects in Africa in 2016, ...

Kenya leads EAC in attracting the highest amount in Hospitality investments
kenya-tourism
According to EY’s Africa Attractiveness Survey, the African hotel and tourism sector was forecasted to grow by almost 17 percent, with accommodation demand ...

Uganda Embroiled in Corruption within its Mining Sector – Africa Business Roundup
Africa Economy
Campaign group Global Witness has released a report ‘undermined’ which claims there is widespread corruption in the issuing of concessions in Uganda's ...

Hotels at the Kenyan Coast Increasingly Losing International Visitors to Zanzibar

Kenyan President Uhuru Kenyatta said he’ll rectify a decline in bank lending to businesses caused by his decision in August to impose ...

Solar Power May Get Boost From Africa’s Biggest Oil Exporter: Business News Roundup
money-investing-finance-markets
Solar Power May Get Boost From Africa's Biggest Oil Exporter Nigeria, Africa’s biggest oil exporter, may be about to turn sunward to ...

Food Prices, Most Important Component of Africa And Inflation Indices – Africa Business Roundup

While food price spikes caused by drought, war, economic factors, inefficient regional markets or agricultural policy are not uncommon, in time a ...

 Angola Overtakes Nigeria as Africa’s largest Oil Producer – Africa Business RoundUp

Nigeria has again lost its place as the top oil producer in Africa after Angola overtook it. Nigeria had overtaken Angola in ...

Egypt, Nigeria And South Africa Listed Among 32 Most Powerful Economies In 2030 – Africa Business Roundup
Africa Economy
PricewaterhouseCoopers, one of the world's largest professional-services firms, just released its predictions for the most powerful economies in the world by 2030. ...