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Business Africa

  • Ghana-based media startup OMG Digital previously participated in a Y Combinator accelator program, Tech Crunch reports.

  • DAR ES SALAAM, June 26- Tanzania may have to delay the construction of some of its major infrastructure projects because its revenue expectations for 2017/ 18 are "potentially over-optimistic", the International Monetary Fund said on Monday. Like neighbouring Kenya, Tanzania wants to take advantage of its long coastline and upgrade outdated railways, ports and...

  • ACCRA/ ABIDJAN, June 26- Up to 80,000 tonnes of cocoa beans have been smuggled into Ghana from neighbouring Ivory Coast since the start of April, as Ivorian growers take advantage of higher prices in the neighbouring country, exporters said on Monday. Ghana, the world's number two cocoa grower, maintained its farmgate price at $1,914 per tonne, creating a price gap...

  • Alipay to launch in South Africa

    Head of Alipay EMEA Rita Liu announces that her firm will launch in South Africa, with the intention of benefiting Chinese tourists in the country.

  • JOHANNESBURG, June 26- South African precious metals producer Sibanye Gold aims to resume production at its strike-hit Cooke Mine later this week, but first plans to conduct safety inspections in the shafts on Monday. Illegal gold mining has plagued South Africa for decades, with bullion pilfered from both disused and operating mines, and Sibanye has vowed it...

  • ROME, June 25- People in more than 100 Italian towns and cities voted on Sunday to pick municipal mayors in a run-off ballot that could bolster centre-right parties ahead of a national election due in less than a year. Anti-European sentiment has increased in the country in the past few years, fuelled by EU-imposed austerity policies and the waves of migrants...

  • ROME, June 25- People in more than 100 Italian towns and cities voted on Sunday to pick municipal mayors in a run-off ballot that could bolster center-right parties ahead of a national election due in less than a year. Anti-European sentiment has increased in the country in the past few years, fueled by EU-imposed austerity policies and the waves of migrants...

  • WASHINGTON— The Trump administration has authorized the sale of unarmed surveillance drones to India, the manufacturer said Friday, as the two nations' leaders prepare for their first face-to-face meeting. India initiated its request to buy 22 Guardian MQ-9B unmanned aircraft for maritime surveillance last year. India reportedly wants the drones for...

  • PARIS, June 23- Europe is embarking on an expensive and politically charged effort to develop a new combat jet that will shape the future of the European fighter industry and its three existing programmes- Eurofighter, France's Rafale and Sweden's Gripen. President Donald Trump's cooler stance towards Europe had given the effort some fresh momentum.

  • ABUJA, June 23- Nigeria hopes to raise at least $1 billion from a scheme that will give tax evaders a chance to make payments retrospectively, the finance ministry said on Friday. The OPEC member, which has Africa's largest economy, is in the second year of a recession brought on by low oil prices. Economists have long criticised the low levels of tax in Africa's most...

  • ABUJA/ LAGOS, June 23- Abu Dhabi state investment fund Mubadala has pulled out of Etisalat Nigeria after the telecoms firm failed to renegotiate a $1.2 billion loan taken out four years ago with 13 Nigerian banks, the central bank said on Friday. On Tuesday, parent company United Arab Emirates' Etisalat, said it was carrying its 45- percent stake at nil value, and that...

  • Air Senegal was formed in April 2016 with 40 billion CFA francs in state capital to replace the now defunct, heavily indebted carrier Senegal Airlines. Senegal is aiming to become a regional air transportation hub with the scheduled December opening of the new Blaise Diagne International Airport located outside the capital Dakar. Senegal revoked the air...

  • WASHINGTON— The Trump administration has authorized the sale of unarmed surveillance drones to India, the manufacturer said Friday, as the two nations' leaders prepare for their first face-to-face meeting. India initiated its request to buy 22 Guardian MQ-9B unmanned aircraft for maritime surveillance last year. India reportedly wants the drones for...

  • PARIS, June 23- Europe is embarking on an expensive and politically charged effort to develop a new combat jet that will shape the future of the European fighter industry and its three existing programmes- Eurofighter, France's Rafale and Sweden's Gripen. President Donald Trump's cooler stance towards Europe had given the effort some fresh momentum.

  • *Demand also strong from core importers India, Asia, Latam. LONDON, June 23- The global fertilizer market will find increasing support in coming years from growing demand in Africa where Chinese, Middle Eastern and U.S. companies invest in agriculture, according to one of the world's largest fertilizer firms. Rising demand in Brazil and India will also help clear...

  • *Demand also strong from core importers India, Asia, Latam. LONDON, June 23- The global fertiliser market will find increasing support in coming years from growing demand in Africa where Chinese, Middle Eastern and U.S. companies invest in agriculture, according to one of the world's largest fertiliser firms. Rising demand in Brazil and India will also help clear...

  • BRUSSELS— The Latest on the European Union summit:. Poland's prime minister says it is a good sign for the future that France and Central European countries want to seek consensus despite their differences on key issues. Prime Minister Beata Szydlo offered her assessment at a European Union summit in Brussels on Friday.

  • BRUSSELS— European Union leaders are set Friday to boost their support for conflict-ravaged Libya as the number of people fleeing Africa from there for better lives in Europe continues to rise. The U.N.' s migration agency calculates that around 70,000 people have arrived in Italy from Libya so far this year, compared with around 56,000 for the same period last...

  • *COPPER: Three-month copper on the London Metal Exchange stood at $5,741 a tonne by 0100 GMT, $2 below the close of the last session. *The most-traded copper contract on the Shanghai Futures Exchange opened 0.20 percent higher at 46,070 yuan a tonne. *ZAMBIA COPPER: Copper production in Zambia, Africa's No.2 producer of the metal, is expected to rise to 850,000 tonnes...

  • Senegal Air was formed in April 2016 with 40 billion CFA francs in state capital to replace the now defunct, heavily indebted carrier Senegal Airlines. Senegal Air will initially fly to Senegalese and West African regional destinations before opening a Paris- Dakar route during the course of 2018.. Senegal revoked the air operator's certificate of Senegal...