Category Archives: Business & Finance

Nigerian Government Ban on Imported Furniture Boosts Local Industry

Cane weaving is a Nigerian art that is decades old, but the demand for imported furniture had left many involved in the craft struggling. However, a government ban on furniture imports imposed this year is …

WFP Warns of ‘Unprecedented’ Food Emergency in Burkina Faso

The World Food Program warns that millions of people in Burkina Faso are facing what it calls an unprecedented humanitarian emergency because of growing hunger, instability and displacement.

Fighting in Burkina Faso has intensified over …

Zimbabwean Bank Alleges Loan Defaults by 26 Public Figures

The Zimbabwean president’s son, a former first lady and 24 prominent politicians are accused of abusing their positions to acquire loans without collateral from a leading bank in the southern African country.

The Commercial Bank …

Ugandan Activist Bobi Wine Condemns Killing of His Follower

Ugandan musician and opposition leader Bobi Wine is urging police to investigate the death of one of his supporters who died from injuries sustained during torture by unknown abductors.

Wine said the victim, an entertainer …

US-African Trade Lagging Despite Free Access, Forum Hears

Trade between the United States and sub-Saharan Africa is in the doldrums despite a 2000 U..S law designed to boost access the American market, a conference in Ivory Coast has been told.

The African Growth …

Hopes Fade as South Africa’s Unemployment Hits Record High

Lucky Nonyane is a qualified plumber and building inspector with two decades of experience. At one time, he said, he earned a good enough living to buy a car and to help out his now-grown …

Chinese Firms to Build Gold Smelter, Refineries in Tanzania

Tanzania said on Wednesday it had awarded licenses for the construction of a mineral smelter and two gold refineries to Chinese firms, as part of government efforts to generate more revenues from the nation’s mining …