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Latest business news from across the continent and beyond.

In Lusaka, $600,000 for immigration permits vanishes

About US$600,000 (K6,379,590) from various immigration permits at Immigration Department offices at Kenneth Kaunda International Airport (KKIA) has gone missing. This came to light yesterday...

China, Africa map out strategic vision for win-win cooperation with practical...

Chinese President Xi Jinping and African leaders rounded off a landmark summit here Saturday with a unanimous consensus to upgrade China-Africa relations backed by...

“It was a typo” – MTN to pay $500 million more

MTN Nigeria is yet to comment on the events that unfolded following communication from the Nigerian Communications Commission (NCC) that alluded to a typo...

China pledges $60bn to develop Africa

China has announced $60bn (£39bn) of assistance and loans for Africa to help with the development of the continent. President Xi Jinping said the package...

Nigeria reduces MTN fine to USD 3.4bn. CEO, Michael Ikpoki, resigns

The MTN Group has released the statement announcing the resignation of its Nigerian CEO and the reduction in the fine imposed on the company...

China’s role in building Africa’s transport network

The transport network is a basic component of development for any country and as such, China has helped Africa lay a basic foundation for...

South Africa and China sign USD 6.5bn of trade and investment...

Chinese President and his South African counterpart Jacob Zuma witnessed the inking of 26 trade and investment deals worth 6.5 bn dollars between their...

In Botswana government is promoting investment to create jobs

President Ian Khama has expressed concern about the recent closures of two factories in Botswana as well as bankruptcies in some major diamond trading...

Africa oil boom fades as $50 crude shuts door on high-cost...

“On the brink of a boom,” was the banner on PricewaterhouseCoopers LLP’s review of Africa’s oil industry 16 months ago. Now, oil below $50...

Zambian President meets Mine Unions as industry bleeds jobs

Zambian President Edgar Lungu will meet with mining unions as Glencore Plc’s local unit cuts more than 7,000 jobs and four other producers also...
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