Work on an oil pipeline project between Uganda and Tanzania has been suspended after Total SA allegedly scrapped plans to buy a stake in Tullow Oil Plc’s oil fields in Uganda.
Sudan’s former president Omar al-Bashir has been charged with corruption and the illicit possession of foreign funds by a court in Khartoum.
Sudan’s former president Omar al-Bashir has admitted to receiving US$25 million from Saudi Arabia’s crown prince.
Ethiopia’s government says it is considering significant economic reforms as part of an effort to ease the country’s foreign currency shortage.
The government of Rwanda has been accused of manipulating poverty data by London-based publication, Financial Times.
Tanzania’s National Bank of Commerce has been fined 1 billion Tanzanian shillings (US$435,000) after failing to establish its own data centre.
Akinwumi Adesina is clear. The president of the African Development Bank, one of the continent’s most respected economic thinkers, believes it’s time for the continent to start building Googles and Facebooks of its own. Speaking in Rwandan capital Kigali earlier
Kenya has sold its first export of crude oil to a Chinese state-owned petroleum multinational firm.
Tourism in Kenya is experiencing sustained growth with minimal long-term impact from a hotel attack in Nairobi that killed 21 people in January.
Global port operator DP World has slammed the government of Djibouti’s decision to ask the country’s high court to nullify international adjudications over an ongoing port row.