Business

Tanzania on Tuesday signed a contract with Turkish firm Yapi Merkezi to build a 368 km section of standard gauge railway that is expected to cost $1.9 billion and will be funded by loans, Reuters news agency reports. It is part of a 1,219 km line which Tanzania is building …

Authorities in the Democratic Republic of Congo have announced that they will launch Air Congo, a new airline in collaboration with African giant Ethiopian Airlines. The Congolese government said it is optimistic, as the process is moving forward. The company will be launched in the first quarter of 2022 and …

A brawl broke out on the floor of Ghana’s parliament late on Monday as lawmakers debated a proposed tax on electronic transactions that has divided the house for weeks, the Reuters agency has reported. The 1.75% e-levy, which would include taxes on mobile money payments, has been fiercely opposed by …

The President of the Democratic Republic of the Congo, Félix Tshisekedi, has sacked the boss of the state-owned mining company, Albert Yuma, who had run the company for more than a decade. President Tshisekedi says cleaning up the mining sector is a key priority and he had been under international …

A South African court has dismissed an urgent application to halt a seismic survey by multinational oil giant Shell in an area called the Wild Coast. Four environmental groups petitioned the court to stop exploration off the east coast of the country claiming it would damage marine life. However Shell …

The International Monetary Fund (IMF), on Thursday warned that an “economic collapse in some countries” is not excluded if the G20 does not act urgently in a context of pandemic which is still not under control. “We could see an economic collapse in some countries unless the G20 creditors agree …

The Boss and creator of Twitter, Jack Dorsey has resigned as the head of the social network on Monday, November 29, saying he decided this departure on his own. Jack Dorsey, 45 years, remains however present within Twitter by taking a position of director within the social network, advances the …

Malawi’s Agriculture Minister Lobin Lowe wrote a letter to former world heavyweight boxing champion Mike Tyson asking him to be the country’s cannabis cultivation ambassador. According to Mr. Lowe, the legalization of cannabis last year in Malawi had created opportunities locally and internationally. The ministry said the United States Cannabis …

The European Investment Bank and the Rwandan Development Bank have launched an initiative to back new investments by companies affected by the coronavirus pandemic. The new targeted financing scheme will include support companies in sectors most impacted by the trade, economic and health challenges triggered by COVID-19 and unlock investment …

Nigerian railway workers have started a three-day strike, launched by the Nigeria Union of Railway Workers (NUR), to push the government to improve their living and working conditions. The strike is likely to disrupt services in some of the busy stations, including the railway line that links the northern Kaduna …