African Business News

Nigeria set to see economic growth

TABJ Sep 6 - Nigeria’s economy is predicted to hit major growth by the end of 2011, the country’s finance minister, Olusegun Aganga, told the BBC. The finance minister foresees economic growth for 2011 because of the 7% economic growth from Nigeria the first ...
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Germany promises increased aid to Malawi

TABJ Sep 6 - Angela Merkel, the German Chancellor has promised more monetary aid to Malawi from Germany. According to the German Deutsche Presse Agentur (DPA) Chancellor Merkel said to President Bingu wa Mutharika, “We want to help Malawi advance in the ...
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Emirates launches new air links to Dakar

TABJ Sep 3 - Emirates is set to launch direct links to Dakar, strengthening links to West Africa. A company spokesman said to Gulf News, “EK 797 took off this morning for the airline's 105th destination, creating the only non-stop, scheduled passenger link between ...
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South Africa ends undocumented migrant agreement with Zimbabwe

TABJ Sep 3 - South Africa announced that they will end the deal they have with Zimbabweans that allows them to enter South Africa without documents. The deal started in April when thousands of Zimbabweans fled to South Africa because of ...
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Riots in Maputo come to a halt

TABJ Sep 3 - An air of calm reigns over Maputo, Mozambique as two days of rioting because of price increases in bread comes to a halt. The aftermath of the riots leave seven people dead and 288 injured. "This was ...
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South African strikers reject wage offer

TABJ Sep 2 - South African strikers rejected a new wage offer from the government and plan to march in protest on Thursday 2 September. The majority of unions rejected the new wage offer, despite being on strike for three weeks. ...
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Deadly Riots in Maputo continue

TABJ Sep 2 - Riots in Maputo, Mozambique continue today because of increased bread prices, with demonstrators covering roads with burning tires, shops being looted.   According to hospital and police sources at least six people have been killed, when police opened ...
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Gabon to host African environment ministers

TABJ Sep 1 - Gabon is set to host the first African conference on biodiversity this month. "'Biodiversity and the fight against poverty: Opportunities for Africa" will be attended by environment ministers from across Africa and other stakeholders, discussing and formulating a common African ...
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Ghana on oil production track

TABJ Sep 1 - Ghana is on track to pump its first barrel of crude oil in December, putting total reserves at 1.6 billion barrels, according to Vice President John Dramani Mahama. That belief reaffirmed the nation's push to join the league of oil ...
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Standard Bank launches food production scheme Africa

TABJ Sep 1 - Standard Bank has created a $100 million dollar project that that will benefit farmers in African countries and boost agricultural growth. Mozambique, Uganda, Ghana and Tanzania will all benefit from the new scheme. CEO Africa Clive Tasker said to Reuters ...
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