Mauritius, an Indian Ocean island in sub-Saharan Africa, is the fastest growing wealth market on the continent with 3,200 millionaires, according to a report by the New World Wealth Investment...
Uganda’s dreams of exporting crude oil for the first time will be delayed by several years after the firms undertaking the exploration on its deposits, Tullow Oil Plc of Britain and Total South...
South African Rand edged Mexico’s Peso as the world’s most politically volatile currency, driven by political events in Africa’s biggest economy that have put President Jacob Zuma...
South African public protector Thuli Madonsela was due to release a report Friday involving allegations that the Gupta family acted on behalf of President Jacob Zuma, but Zuma’s office said on...
Atlas Mara, an Africa-focused investment vehicle set up by ex- Barclays CEO Bob Diamond, has experienced hard times in its efforts to become the leading financial player in sub-Saharan Africa and...
South Africa’s new vehicle export to the rest of Africa dropped 54 percent in the first eight months of this year as a commodity slump continued to hurt some of the continent’s largest...
FirstRand Limited, a South African bank and the leading lender by market value on the continent, plans to buy assets in Nigerian, as it seeks to capitalize on the global fall in commodity prices that...
African countries lose billions of dollars in tax evasion schemes, which are undermining the growth of economies on the continent, scaring away investors and creating unequal opportunities across the...
The South African rand’s gain to a two-week high against the dollar this week after data from the government statistics office showed the country had avoided falling into recession are being...
The South African Rand remained on edge on Monday, touching a four weeks low against the dollar, amid concerns that Finance Minister Pravin Gordhan could be arrested.Gordhan, failed to present himself...