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How African countries lose out in subjective credit ratings
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How African countries lose out in subjective credit ratings

A UNDP study of sovereign credit ratings across African economies reveals that so-called 'subjectivities' in the processes followed by S&P, Moody's and Fitch cost the continent about US $74.5 billion in excess interest and missed funding. The storm of public unrest uncorked by the Kenya Finance B...

Namibia to construct country's largest solar power plant
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Namibia to construct country's largest solar power plant

The Namibian government has signed contracts for the construction of the country's largest solar power plant. Namibia's state-owned power utility NamPower on Monday said it had signed a contract with two Chinese firms to start building the country's largest solar power plant. The southern African...

Nigeria's labour union leader 'arrested'
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Nigeria's labour union leader 'arrested'

Joe Ajaero, the leader of Nigeria's umbrella of labour unions, has reportedly been arrested. Nigeria's domestic security agency on Monday arrested one of the country's top labour leaders, his union said, days after he called on the government to reverse a fuel price hike. Labour unions recently s...

Date set for burial of Ugandan athlete Cheptegei
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Date set for burial of Ugandan athlete Cheptegei

Slain Ugandan athlete Rebecca Cheptegei will be buried on September 14, funeral organisers said on Sunday. The funeral for Ugandan Olympic runner Rebecca Cheptegei, who died in Kenya after being set on fire by her boyfriend, will be held on September 14 in her home country, organisers said on Sun...

Algeria presidential poll losing candidates question result
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Algeria presidential poll losing candidates question result

The two unsuccessful candidates in Algeria's presidential election have questioned the outcome of the September 7 poll, particularly the voter turnout. The two unsuccessful candidates in Algeria's presidential election contested on Monday the turnout and percentage of votes they won in the weeken...

Harajin VAT na nan a 7.5% – Wale Edun
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Harajin VAT na nan a 7.5% – Wale Edun

Ministan Kuɗi na Nijeriya Wale Edun ya yi watsi da raɗe-raɗin da ke yawo kan cewa gwamnatin ƙasar ta ƙara haraji, inda ya ce har yanzu harajin VAT yana nan a kaso 7.5 kuma shi ne abin da gwamnati ke amsa a kan kayayyaki waɗanda ke da haraji a kansu. Ministan Kuɗi na Nijeriya Wale Edun ya yi watsi...