South Africa's governing African National Congress (ANC) has dismissed reports of a plot to oust President Cyril Ramaphosa, calling them blatant lies and shameless gossip. South Africa's Sunday Times said it had evidence that senior ANC officials were plotting with the country's former President Jacob Zuma. The paper published a
Read More
A war of words is emerging between China and the West over who has the best interests of Africa at heart when it comes to vitally needed investment. With political analysts talking about a ‘new scramble for African resources’ following the high level meeting in China attended by 54 African
Read More
Jack Ma, China’s richest man, is laying the groundwork for a future away from Alibaba Group Holding Ltd., the company he co-founded and turned into an e-commerce juggernaut, Bloomberg reports. In an interview with Bloomberg TV, the Alibaba chairman said he is dedicating more of his time and fortune to
Read More
By Reuters South Africa’s economy will soon recover from its recession, President Cyril Ramaphosa said on Thursday and repeated promises for a stimulus package to reignite growth. Ramaphosa took power in February and staked his reputation on reviving the economy of South Africa, the continent’s most industrialized country, after a
Read More
African leaders attending this week’s summit with China don’t think that cooperation between the continent and Beijing has added to their debt burden, the Chinese government’s top diplomat said on Thursday. Chinese President Xi Jinping pledged $60 billion to African nations at Monday’s opening of a China-Africa forum on cooperation,
Read More
Kyadondo East MP, Robert Kyagulanyi Ssentamu aka Bobi Wine will today address an international press conference in Washington DC to “Am going to hold International Press Conference in Washington DC today and my international lawyer Robert Amsterdam at 10:00 EST and 17:00 local Kampala time,” Bobi Wine said in
Read More
China's President Xi Jinping has defended the country's investments in Africa, saying they are not for "vanity projects" but are aimed at building infrastructure that would promote development on the continent. Mr Xi made the remarks ahead of the triennial China-Africa summit in the capital, Beijing. "China does not interfere
Read More
Nigeria’s central bank has fined four leading banks a combined sum of $16m (£12.3m) after they were accused of helping the country’s largest mobile phone operator, MTN, to illegally transfer $8bn abroad, BBC reports. The banks and MTN have been ordered to refund the money. The banks under fire are
Read More
Britain will use its international aid budget to boost its own interests while also seeking to deepen trade ties with Africa, Prime Minister Theresa May said on Tuesday, countering critics who say aid funds would be better spent at home. May, battling to unite her divided Conservative Party over her
Read More
Kenya’ President Uhuru Kenyatta says he asked President Donald Trump for more US investment in Africa during talks at the White House. He tweeted photographs of his visit and said the two men discussed security and the fight against terrorism as well as trade ties. [caption id="attachment_16616" align="aligncenter" width="667"] Trump
Read More
