South African supermarket operator Pick n Pay plans to expand into Nigeria next year through a partnership with a local conglomerate, as it seeks to reduce its reliance on its.
Foremost industrialist and richest man in Africa, Alhaji Aliko Dangote, has recently restated his commitment to assist the Federal Government in turning around and diversifying the country’s economy.
Zambia’s government has recently agreed targets with the International Monetary Fund, preparing the way for a support programme by the fourth quarter of the year, Zambian Treasury Secretary Fredson Yamba.
Ghana has recently vowed tough action against foreign investors who abuse local workers following a spike in cases of employees that were tortured by their employers.
The Hong Kong LED lighting manufacturing company, iFlux, has recently promised to assist Nigerian government in the area of alternative source of power in the country.
Dubai Islamic Bank (DIB) has recently made plans to start operating in Kenya before the end of 2016, despite the Kenyan authorities’ moratorium on issuing new banking licences.
Italy’s Oil and Gas Company Eni, has conclude plans to invest about 20 billion Euros ($22.5 billion) into Africa’s oil and gas sector over the next four years.
The African nation of Gabon wants to re-join OPEC after more than two decades, two OPEC sources said, becoming the second former member in a year to seek a return.
Angola’s state oil company Sonangol said it has found oil and gas reserves in the Kwanza basin that could total 2.2 billion barrels of oil equivalent, including in a block.
Tunisia’s parliament has recently approved a law to strengthen the central bank autonomy to shield its board from political interference, one of the key economic reforms sought by the country’s.
