Nigeria banks banned from foreign currency deals

Nigeria banks banned from foreign currency deals

Image copyright Thinkstock Image caption Bank customers, especially those who import and export goods, will be affected by this ban Nine Nigerian banks have been suspended from foreign currency trading for not paying money owed to the government, a central bank source has told the BBC. The banks are said to be withholding a total […]

South Africa finance minister won’t submit to police

South Africa finance minister won’t submit to police

Image copyright AFP South Africa’s finance minister has said he will not appear before the police despite a request to do so. Pravin Gordhan says allegations against him related to his time as head of South Africa’s tax agency are wholly unfounded. Mr Gordhan says his legal team has advised him he is under no […]

Nigerian arrested for naming dog after President Buhari

Nigerian arrested for naming dog after President Buhari

Image copyright AFP Image caption The dog’s owner said he was inspired by President Buhari’s “dogged” fight against corruption A Nigerian man who named his dog after President Muhammadu Buhari and painted the name on both sides of the dog was arrested for breach of the peace. Joe Fortemose Chinakwe walked Buhari in an area […]

Zola Budd triggered UK cabinet row

Zola Budd triggered UK cabinet row

Image copyright Getty Images Image caption Zola Budd (R) competing during the 3,000m in the 1984 Olympics A campaign to fast-track British citizenship for South African runner Zola Budd triggered a major government rift, newly released documents show. The Foreign Office warned the Home Office against giving the teenage athlete “special treatment” to enable her […]

DR Congo elections: Opposition strike cripples Kinshasa

DR Congo elections: Opposition strike cripples Kinshasa

Image caption The capital is a stronghold of the opposition A strike called by the opposition to force the Democratic Republic of Congo’s President Joseph Kabila to step down at the end of his term has crippled businesses in the capital. Shops in Kinshasa were closed and streets were mostly empty, says the BBC’s Poly […]

South Africa rand falls on Pravin Gordhan arrest rumour – BBC News

South Africa rand falls on Pravin Gordhan arrest rumour – BBC News

Image copyright AFP South Africa’s currency, the rand, has fallen following speculation that the country’s finance minister could be arrested imminently. The Treasury confirmed that Pravin Gordhan was taking legal advice having been contacted by the elite police unit, the Hawks. The rand fell more than 1% against the US dollar on Wednesday morning. Domestic […]

Singapore-Africa trade relations set to deepen with new agreements – Channel NewsAsia

SINGAPORE: Trade relations between Singapore and Africa are set to deepen, with several agreements signed on Wednesday (Aug 24) at the fourth edition of the Africa Singapore Business Forum. These include the signing of the Avoidance of Double Taxation (DTA) with Ethiopia, a bilateral investment treaty (BIT) with Mozambique and an Air Services Agreement (ASA) […]

Will closer ties to China rescue South Africa’s government? – CNBC

China is South Africa’s largest single trading partner, according to the World Trade Organisation. The ANC’s 2015 discussion documents say that bilateral “trade volumes … have far surpassed the value of USD $400 billion [in that year],” and the party is keen to grow this figure. Alison Bradley, a South African China specialist, told CNBC […]

Africa, Europe push Imperial turnover to almost R119bn – BDlive

IMPERIAL Holdings saw record revenue and operating profit in the year to June, but net profit and headline earnings per share fell 5% and 3%, respectively. Difficult trading conditions in SA put pressure on the logistics division’s revenue and profitability, with soft volumes in manufacturing, commodities, fuel, and chemicals. The share dropped more than 4% […]

CNN is going after Africa’s young, mobile audience — starting with Nigeria – Digiday

CNN is going after Africa’s young, mobile audience — starting with Nigeria – Digiday

Busari (Credit: Twitter / CNN Africa) Nigeria is not only one of Africa’s most populous countries, but it also has one of the youngest populations on the continent. That’s why CNN International is focusing its efforts there, setting up its first digital bureau in Nigeria’s largest city, Lagos. Leading the operation is Nigerian native Stephanie Busari, who was hired […]