UGANDA
Uganda’s biggest telecommunications company MTN has denied government accusations it has been understating its revenues, insisting that it was fully meeting all its tax obligations.
“MTN revenues are independently audited and we...
KENYA
Crude oil deposits so far discovered in Kenya are insufficient to allow for the building of a refinery, a senior petroleum ministry official said on Tuesday.
Kenya discovered commercial oil...
ZIMBABWE
Zimbabwe’s Central Bank Governor, John Mangudya said it is in the process of establishing a new inter-bank foreign exchange market.
On Wednesday, the Central bank governor said the new forex...
NIGERIA
Nigerian fuel suppliers, bus operators and some airlines are offering incentives for people to travel to vote in presidential elections this Saturday, including cutting petrol prices and discounts.
The electoral...
HUAWEI
The founder of Chinese telecom giant Huawei has hit back at US efforts to blacklist the company, saying defiantly that the world cannot do without Huawei and its "more advanced" technology.
SOUTH AFRICA
State-run South African Airways (SAA) will pay its rival Comair 1.1 billion rand ($78 million) to settle an anti-competition case, sending shares in the local aviation company soaring.
Struggling SAA has...
UINITED STATES
The company overseeing President Donald Trump's business dealings has dropped plans to develop two new lines of hotels, citing what it calls a hostile political climate, Sky News Africa reports. .
CHINA
Treasury Secretary Steven Mnuchin said the United States had "productive" talks with China over their trade dispute after negotiations in Beijing ended Friday with no sign that any concrete progress had been made.
ISREAL
An Israeli company Intercure has revealed plans to expand into 10 countries in the next two years to produce cannabis.
Chairman Ehud Barak told Reuters this is to meet growing...
JAPAN
Japanese car giant Toyota on Wednesday slashed its full-year net profit forecast after profits tumbled nearly 30 percent in the first nine months.
The maker of the Camry sedan and...