They may not be criminals, but they have secrets and now we know. Offshore accounts. companies used by the rich across the world. Some legal, but most times lots of illegalities are involved. Africans were not left out of the #Panama Papers.
Zambia is getting more serious about agriculture; production is going to increase. The Zambian Commodity Exchange (ZAMACE) has signed a partnership agreement with the Johannesburg Stock Exchange (JSE) futures market to boost liquidity in the Zambian agricultural commodity market.
For weeks Nigerians have wasted productive time on fuel queues, but there is a solution. No real solutions can be deployed to counter these issues until the government adopts a market-driven approach to fuel pricing.
Jacob Zuma would be back in Nkandla if not for ANC. South African President Jacob Zuma escaped impeachment for violating the constitution, as the ruling African National Congress used its 62 percent majority in parliament to defeat the motion.
Did Dangote evade taxes in Nigeria? Africa’s richest man was linked to offshore companies in the leaked documents from Panamanian law firm Mossack Fonsenca.
New visa regulations made tourists steer clear of South Africa. The number of tourists visiting South Africa fell by 6.8 percent in 2015 to 8.904 million.
In Africa, Orange is trying to fade yellow out. Orange has continued its African expansion plan with the acquisition of Cellcom Liberia, setting up a market share battle with MTN, owner of Lonestar Cell in the country.
The pressure is mounting on Zuma and the Guptas. Oakbay Resources & Energy Ltd. said Atul Gupta resigned as non-executive chairman while CEO Varun Gupta will also leave the South African company. Duduzane Zuma, son of South African President Jacob Zuma, has also resigned as a non-executive director of Shiva Uranium, a unit of the company.
A Nigerian teenager has made an American public school proud. Augusta Uwamanzu-Nna was accepted into 12 schools altogether, including Johns Hopkins University, Massachusetts Institute of Technology and all the eight Ivy League schools.
Confidence in the South African economy is rising. South Africa beat Kenya to the international capital market to become the first African country to issue an international bond this year.