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Volkswagen opens Rwanda's first car plant
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- Published on Wednesday, 27 June 2018 11:15
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Volkswagen will launch a car assembly facility in Rwanda on Wednesday, the first such factory in the East African nation as Europe’s biggest carmaker expands its presence in the region.
Clashes at Libya oil ports cut output by nearly half
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- Published on Thursday, 21 June 2018 09:15
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Clashes between rival groups in Libya's key oil export ports have caused output to drop by nearly half, the head of the National Oil Company said on Wednesday.
"Production has seen a reduction by 450 000 barrels per day, plus 70 million cubic feet of natural gas, equivalent to $33m in sales based on market prices," Mustafa Sanallah told AFP via…
Old Mutual wraps up four-way break-up with Johannesburg listing
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- Published on Tuesday, 26 June 2018 11:17
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Old Mutual Plc will list its African financial services unit in Johannesburg on Tuesday, returning to its roots as a South African-based financial services group and largely wrapping up a radical break-up of the group.
S.Africa's Eskom offers wage increase in line with inflation - source
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- Published on Wednesday, 20 June 2018 09:53
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South African power utility Eskom, which implemented power outages last week because of wage protests, offered staff a salary increase in line with consumer inflation in talks with labour unions on Tuesday, a union source told Reuters.
Restructuring Eskom top of South Africa agenda: finmin Nene
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- Published on Friday, 22 June 2018 10:59
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Restructuring state-run power firm Eskom is “on top of the agenda” for South Africa, the country’s finance minister Nhlanhla Nene said on Friday, though he said recent outages likely had very little impact on the economy.
Nigeria moves to boost cocoa sector
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- Published on Tuesday, 12 June 2018 08:44
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Cocoa House in Ibadan, southwest Nigeria, was built with the earnings from exports of cocoa beans and at 26 storeys was once the country's tallest building.
Profits from sales of the commodity - prized around the world as the basic ingredient for chocolate - used to be ploughed into providing free education and health services, rural development…