South Africa’s GDP slumped by 51% in the second quarter of 2020 as the result of one of the hardest Covid-19-related government lockdowns anywhere in the world.
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London-based private equity firm Actis is looking at African energy projects to add to the US$1-billion it has already invested in the sector on the continent.
In a surprising development, MultiChoice South Africa CEO Mark Rayner has resigned after almost 14 years with the pay-television broadcaster.
Ethiopia plans to sell a 5% stake in its state-run telecommunications firm to its citizens as part of measures to break up the monopoly, state-affiliated Fana Broadcasting said on Monday.
South African consumers regained some confidence in the economy in the third quarter after consumer confidence hit a 35-year low in the previous quarter, a survey showed on Monday.
Headrest canopies and fabric barriers between seats could start appearing in aeroplane cabins as the embattled industry tries to ward off the coronavirus.
Eskom has attached a bank account belonging to the Matjhabeng municipality in the Free State, which includes the town of Welkom, in response to R3.4-billion in outstanding debt for the provision of bulk electricity.
MTN Group’s unit in Ghana has sought review from the supreme court after a high court this week dismissed its challenge to a move by the regulator aimed at exposing it to greater competition.
Two major African public bodies are promoting a new technology that could connect the continent’s Covid-19 testing centres and ease a re-opening of travel across the region.
Eskom has read the riot act to “apathetic” managers at its power stations, calling for an “urgent culture change” in the organisation, as the state-owned monopoly plunges the country into severe load shedding.