African Business News

Why invest in East Africa

Fifteen good reasons why you should choose East Africa as your investment destination:

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Jindal Steel to use coal for power in Africa after CIC buy

Jindal Steel & Power Ltd will spend about $100 million over two to three years to develop a coal mine in Botswana that it is acquiring through its purchase of Canada's CIC Energy Corp, a company official said on Wednesday.

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WTC Africa Initiative and Italy join hands in trade

Following a trade agreement reached between the World Trade Center Africa Initiative and Italy, business between Africa and Europe is set to receive a significant boost. The agreement will see business leaders from 12 African countries meet their Italian counterparts in on-site deal rooms next year, at the inaugural Afritalia Commerce Exchange.

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Chinese media make inroads into Africa

For years, China has been pumping billions of dollars across Africa to build large-scale infrastructure projects and grant cheap loans in exchange for access to the continent's natural resources and growing markets.

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Latest African news, articles, business information and special reports from across the African continent.