Business

Kenya’s central bank monetary policy committee cut its benchmark lending rate to 8.25% on Monday from 8.50%, saying the economy was operating below potential and there was room for a more accommodative monetary policy.
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While initial reactions were divided and humorous, it appears that after having seen the the video footage of the event, many people were eager to criticise Patrice Motsepe for his remarks to President Donald Trump at the WEF dinner.
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Residents of the Egyptian village of Mit al-Harun have for decades eked out a living by recycling old tyres into baskets, landscaping materials and alternative fuels.
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Uganda has protested over the seizure of milk and milk products worth $360,700 (£276,300) by the Kenyan authorities on allegations of being contraband and substandard.
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Senegalese-American singer and songwriter Akon has pledged to invest in tourism in his native Senegal, industry and government officials said Thursday.
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South Africa’s rand firmed marginally on Thursday, with sentiment towards emerging markets broadly boosted by U.S. President Donald Trump’s announcement on the signing of a trade deal with China, and on higher commodity prices.
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South African Airways (SAA) and lenders have had “intense discussions” to secure funds for the cash-strapped carrier’s operational and structural transition, the country’s public enterprises ministry said on Sunday.
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Algeria's parliament Thursday adopted a controversial law aimed at boosting investment in the oil and gas sector, state media said, as activists warned that multinational companies would plunder the country's wealth.
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In a move Nigeria's president hailed as a "landmark moment", Africa's largest oil producer approved legislation this week to bolster its share of revenues from international majors.
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CAPE TOWN – Eskom noted with “disappointment” Moody’s Investors Service’s decision to downgrade the power utility to B3 from B2, the long-term corporate family rating (CFR) of Eskom Holdings, and the zero coupon euro bonds to B3 from B2.
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