Business

Zambia denies White House claim China taking over power utility to recover its debt

Zambia has denied claims by a White House official that China is about to take over its state power utility ...
Read More

Kenyan President Uhuru Kenyatta unveils new currency Look

Kenyan President Uhuru Kenyatta has made a historic visit to the Central Bank of Kenya (CBK) to launch the new ...
Read More

Ethiopia inaugurates Chinese-built industrial park in western Ethiopia

Ethiopia on Saturday inaugurated the Chinese-built Jimma Industry Park, in western Ethiopia's Jimma town some 350 km west of the ...
Read More

Chinese construction company hands over mega water dam to Zambia

China's Anhui Foreign Economic Construction Corporation (AFECC) handed over a mega water dam with a storage capacity of 61 million ...
Read More

Algeria, Saudi Arabia agree to launch 5 economic projects during visit of Saudi crown prince

Algeria and Saudi Arabia on Monday agreed to launch five economic projects during the visit of Saudi Crown Prince Mohammed ...
Read More

Kenyan government plans to borrow $97.5 Billion to pay old debts

The story of Kenya’s borrowing spree since 2013 has been a potpourri of secretive deals, lopsided contracts and massive loans ...
Read More

Kenya government says debt remains sustainable despite IMF warning

Kenya’s borrowing remains manageable, its treasury secretary said, looking to quash concerns after the International Monetary Fund raised its assessment ...
Read More

Ethiopia has overtaken Dubai as top source of air traffic to Africa

Ethiopia has overtaken Dubai as a conduit for long-haul passengers to Africa, highlighting the success of the state airline's expansion ...
Read More

Germany invests 62.98 million euros to support Zambian development

Germany on Wednesday provided a 62.98-million-euro fund for Zambia's development projects for 2019-2020, according to a release later on the ...
Read More

China and Uganda seek new efforts to boost trade, economic ties

A group of 30 Chinese entrepreneurs on Wednesday concluded their three-day trip to Uganda to look for business opportunities. Uganda ...
Read More