Africa missing out on billions in trade

The World Bank says Africa is losing out on billions of dollars in potential earnings every year because of high trade barriers on the continent.
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Google Kenya head fired after Mocality disaster

In the wake of accusations and apologies from Google, it has parted company with its Kenya head but is keeping details under wraps.
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African states can help each other fend off euro fallout

The World Bank's vice-president for Africa says states should enhance inter-continental trade to fight off the impact of the eurozone crisis.
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South Sudan spites itself with oil well shutdown

South Sudan says a shutdown of 900 oil wells will impact on the new nation but they would rather see the oil stay in the ground than going to Sudan.
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Africa sees positive economic growth in 2011

African Union chairperson Jean Ping has announced Africa's economic growth for 2011 has positive, with an average growth of between 5.5% and 6%.
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Egypt asks IMF for $3.2bn in support

Egypt has asked the IMF for $3.2-billion in support as its interim Cabinet seeks to fill a budget gap widened by political and economic turmoil.
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Davies opens the floor for input on special economic zones

The draft Special Economic Zones Bill, which aims to improve the concept of industrial development zones, has been opened for public comment.
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Africa's middle class growing steadily, says bank

An African Development Bank report has shown due to 20 years of solid economic growth, Africa's middle class has tripled and poverty is on the wane.
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Google 'mortified' by dodgy practice reports

Google says it is "mortified" to hear reports a team of its people was involved in fraud and undermined business efforts of a Kenyan mobile company.
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Google accused of dodgy business practices in Kenya

Google has been accused of fraudulent practice and undermining business efforts by a Kenyan mobile company.
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Remittance fees punish poor Africans

The World Bank has identified South Africa and Tanzania as having some of the highest costs for remittance payments in the world.
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Tanzania president sees better inflation by June 2012

Tanzania expects its inflation rate to fall to single digits by June from 19.2% it was at in November, also hoping for 7% economic growth.
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IMF tells Malawi to devalue kwacha again

The International Monetary Fund has told Malawi to devalue its kwacha to address its foreign exchange shortage and stem its thriving black market.
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Zimbabwe demands $28m from Zimplats

Zimplats has been ordered to pay the Zimbabwean government $28-million in outstanding royalties as it did not revise its contributions since 2009.
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Nigeria begins national strike over fuel costs

Nigeria has been crippled by a nationwide strike as the public expressed anger at rising fuel prices and corruption in government.
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Chinese labour practices haunt Zim factory workers

A shadowy military academy is being built in Zimbabwe by a Chinese contractor accused of meting out physical punishment, miserable conditions and pay.
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Zambia seeks Angolan fuel products import deal

Due to the rising cost of fuel Zambia has planned to begin importing refined petroleum products from neighbouring Angola.
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Shell sizes up South Sudan for oil opportunities

Royal Dutch Shell is eyeing opportunities in South Sudan, which last July broke from Khartoum, taking with it two-thirds of Sudan's oil production.
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Africa's middle class are enjoying a steady boom

A new financial assertiveness and cultural self-confidence is growing in Africa, fuelled no less by a technology boom.
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Libya's central bank expected to have sanctions lifted

The UN Security Council has announced it will lift sanctions on Libya's central bank and the Libyan Foreign Bank to economically uplift the country.
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