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South Africa’s debt profile reaching uncomfortable levels – IMF
South Africa’s public debt, which is approaching rating agencies’ red line of 60% of economic output, is reaching uncomfortable levels, an IMF officia...
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Nigeria’s annual inflation at 11.08% in July
Annual inflation in Nigeria stood at 11.08% in July, compared with 11.22% in June, the National Bureau of Statistics said on Friday in a report. A sep...
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Fashion retailer The Foschini Group to review Kenya, Ghana stores
South African fashion retailer TFG will decide next year whether to continue trading in Kenya and Ghana where it has at least six stores in each marke...
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Vodacom to invest more than $589M on South Africa network this year
South African mobile phone operator Vodacom Group will spend more than 9 billion rand ($589 million) this year on network enhancements particularly in...
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Outlawed Islamic sect leader Sheikh Ibraheem el-Zakzaky returns to Nigeria
Barely 96 hours after landing in New Delhi for medical treatment, leader of the Islamic Movement in Nigeria, Sheikh Ibraheem el-Zakzaky, has reportedl...
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Nigerian government warn citizens against use of unregistered drugs
The Coordinator of National Agency For Food, Drug Administration and Control (NAFDAC) in Yobe state, Lawan Musa Dadingelma, has warned residents again...
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Zimbabwe opposition calls off Harare protest after pressure from government
Zimbabwe’s main opposition MDC party succumbed to government pressure, calling off a street protest planned for Friday after losing a court challenge,...
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Death toll from Tanzania fuel tanker blast climbs to 85
The death toll from a weekend fuel tanker explosion in eastern Tanzania rose to 85 on Thursday, a regional official said. The tanker burst into flames...
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Kenya Power loses Sh60m to street vandals in 7 months
Kenya Power says it has incurred losses of Sh60 million in seven months after criminals vandalised street lights. The acting general manager for Netwo...
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Foreign Direct Investment into Nigeria drops by 43%
Foreign direct investment in Nigeria, Africa’s top oil producer, plunged by 43 per cent to $2bn, according to a United Nations report. Reuters reporte...