Airtel Africa shares fell sharply on Wednesday, a day after its debut $4.4 billion flotation in Lagos, mirroring a similar decline on the London stock market where the telecoms firm has its primary listing.
Most emerging market currencies have probably seen the best of a lukewarm year against the dollar as U.S. President Donald Trump is expected to back-pedal on his conciliatory tone from the recent G20 summit, a Reuters poll showed on Friday.
Managing Director of the International Monetary Fund (IMF), Christine Lagarde, has been nominated as the President of the European Central Bank.
The U.S. could spark a currency war in “two to three years” once it shifts away from its trade war with China, a strategist has claimed.
OPEC and its allies look ready to restrict the supply of oil at least until the end of 2019 as they try to support prices in the face of softer global demand and surging US output.
Royal Dutch Shell and Exxon Mobil are looking to re-enter the market in Somalia ahead of an oil block bid round taking place later this year, the country’s oil ministry said in a statement.
Nigerian banks face the uphill task of banking the unbanked even more aggressively after the country’s central bank governor recently announced that the financial inclusion
Ivory Coast’s power exports to neighbouring countries fell by 12% last year to 1,078 gigawatt hours (Gwh), utility Cie has said.
African countries have joined the list of nations wanting an end to a U.S. veto on judicial appointments at the World Trade Organization, a statement showed on Wednesday, meaning a large majority of WTO member states now openly oppose the U.S. position.
The World Trade Organization (WTO) has published a report which suggests trade restrictions among the Group of 20 countries remain at historically high levels.
The Kenyan government has signed agreements with oil major Total, Tullow Oil and Africa Oil Corp to develop a 60,000-80,000 barrels per day crude processing facility for oil discovered in the country’s northwest.
Some of America's richest people are urging US presidential candidates to back a wealth tax on the super-rich to improve inequality and climate change.
Zimbabwe made its interim currency the country’s sole legal tender on Monday, ending a decade of dollarisation and taking a another step towards relaunching the Zimbabwean dollar.
Chinese development projects in Africa must be sustainable, the government’s top diplomat told senior African ministers on Tuesday, as he denounced “outside forces” who seek to vilify cooperation by accusing China of creating debt traps.
Gold’s bullish momentum has rolled into a new week.
The former chief executive of Barclays, John Varley, has been acquitted of charges of conspiracy to commit fraud.
Hong Kong's richest man Li Ka-Shing has pledged to pay the tuition fees for a class of Chinese university students through his charitable foundation.
Bernard Arnault, Europe’s richest person, just joined Jeff Bezos and Bill Gates in the world’s most exclusive wealth club with a fortune of at least $100 billion.
The African Development Bank (AfDB) has been asked to support countries in the areas of domestic resource mobilization and debt management.
The South African Broadcasting Company is “drowning in debt” and requires a Rand 3.2 billion (€1.9bn) injection from the government in order to avoid a shutdown.
Nigeria’s central bank said on Friday it will close the bank accounts of firms caught smuggling into the country any goods for which access to foreign exchange has been restricted.
At a special event highlighting the partnership between the African Development Bank and Korea held on the sidelines of the Bank’s Annual Meetings, the role of drone technology to boost food productivity in Africa, was on full display.
Dubai Chamber of Commerce and Industry has announced its plans to host the fifth edition of the Global Business Forum on Africa on November 18-19 in Dubai.
Foreign investment in sub-Saharan Africa rose 13% last year to $32 billion, bucking a global downward trend and reversing two years of decline, according to a United Nations report.
The African Development Bank President is making a passionate appeal to African governments to do more to help break down all trade barriers in the region.
Global oil prices could fall to as low as $45 per barrel if tensions between the U.S. and China worsen, an investment strategist has said.
Emerging Capital Partners LLC agreed to take control of an African financial-technology company that helps more than 13,000 truck drivers haul goods across the continent.
Motorcycle taxi companies are expanding in West Africa with backing from investors betting that the meteoric rise of two-wheeled taxi firms in Asia can be replicated in some of the fastest growing countries in the world.
President of the African Development Bank has said if Africa gets integration right the continent can develop with dignity and confidence.
Nigeria’s central bank said it’s made no change to its naira policies, after a revision on its website led some analysts to speculate that it was ending a system of multiple exchange rates.
The world's largest economies took a big step closer this weekend to agreeing an overhaul of global corporate tax rules that experts say would be the most significant in over a century.
The Managing Director of the International Monetary Fund (IMF) has called for cooperation to support global growth.
Preparing for Brexit has cost the UK government £97m in consultancy fees, the National Audit Office has revealed.
Current and threatened U.S.-China tariffs could slash global economic output by 0.5% in 2020, the International Monetary Fund warned on Wednesday as world finance leaders prepare to meet in Japan this weekend.
More than 200 of the world’s largest listed companies forecast that climate change could cost them a combined total of almost $1 trillion, with much of the pain due in the next five years, according to a report published on Tuesday.
As of June 1, travelers to Tanzania will have to pack very carefully. The country announced the implementation of the second phase of its plastic bag ban on May 16.
Fiat Chrysler has made a "transformative" merger proposal for French carmaker Renault, the Italian firm said on Monday.
Dubai could attract 11 million foreign visitors to the Expo 2020 trade fair, organisers said in an interview, giving a significant boost to the emirate’s tourism sector.
Africa’s biggest bank said Lonmin Plc investors should reject Sibanye Gold Ltd.’s takeover offer as it undervalues the platinum miner’s assets by as much as 6.64 billion rand ($460 million).
Senegal started importing turbines for its first large-scale wind farm on Thursday, the biggest such project in West Africa that will supply nearly a sixth of the country’s power.
Nigeria will sign the Africa Continental Free Trade Agreement as soon as President Muhammadu Buhari approves an impact-assessment report he asked for, the country’s trade minister said.
Some of the world's biggest footwear firms are urging Donald Trump to end the US trade war with China, warning of a "catastrophic" effect on consumers.
British Steel is on the verge of administration as it continues to lobby for government backing, sources say.
Foremost philanthropist and richest man in Africa, Aliko Dangote has been rated 11th of the 50 World’s Greatest leaders for 2019.
Coca-Cola Co said on Monday it had dropped plans to refranchise its Africa bottling business, Coca-Cola Beverages Africa (CCBA), and would instead keep its majority stake in the unit for the time being.
Zimbabwe’s Finance Minister announced the rebasing of the economy following the adoption of a new currency earlier this year, and said growth would be slowed this year by a drought and a cyclone that hit eastern regions.
Oil demand growth estimates for both 2018 and 2019 have been cut, the International Energy Agency revealed in its latest report issued Wednesday.
The World Bank Tuesday announced the 15-month debarment of Shanghai-based Sieyuan Electric Co. Ltd, (Sieyuan), a company that specializes in research and development relating to electric power technology.
The Governing Committee of the Women Entrepreneurs Finance Initiative (We-Fi) has approved a funding allocation of $61.8 million for the African Development Bank’s Affirmative Finance Action for Women in Africa (AFAWA) program.
China announced that it will increase tariffs imposed on about $60 billion of U.S. goods in retaliation for President Donald Trump’s latest escalation of the trade war.
More than 40 US states have filed a lawsuit accusing pharmaceutical firms of conspiring to artificially inflate the cost of common medicinal drugs.
President Donald Trump boosted tariffs Friday on more than $200 billion in goods from China in his most dramatic step yet to extract trade concessions, further roiling financial markets and casting a shadow over the global economy.