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Foreign investors eye banks, retail in Africa: BoE

The banking and retail sectors are becoming more popular investment options for foreign investors looking to invest in Africa, Donald Rogan, head of stockbroking at BoE Private Clients says.

Somali theatre bombing kills 10, shatters calm

Two weeks ago, Somalia's National Theater reopened for the first time in 20 years for a concert that drew an audience in festive colors in a city trying to rise above war. A welcoming banner proclaimed: "The country is being rebuilt."

International court tells Libya to hand over Seif

The International Criminal Court has told Libyan authorities to surrender former dictator Moammar Gadhafi's son - wanted by the permanent tribunal for crimes against humanity.

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World & Africa Markets & Economy

Kenya rate hold supports shilling, interbank rates dip

The Kenyan shilling was steady on Thursday a day after the central bank kept its main interest rate unchanged for a fourth month, and traders said the local currency could strengthen further.

Seychelles inflation steady at 5.8% in March

Consumer prices in Seychelles rose 0.2 percent in March from the previous month leaving the year-on-year inflation rate unchanged at 5.8 percent, official data has shown.

International telcos eye Libya as elections near

International firms are keen to enter Libya's telecommunications sector, one of the major business opportunities created by last year's uprisings in the Arab world. But they will only find out how they can do so after the war-torn country's first free elections in June.

General News

Vodacom hit with demand for R158m

Congo court judge rules in favour of former consultant Mabanga

Sequel to anti-warlord video addresses criticisms

A wildly popular Internet video turned African warlord Joseph Kony into a household name and boosted the international hunt for the brutal rebel leader. Can a sequel do more?

Protesting students block highway to Nigerian capital

Hundreds of students of Abuja University, protesting the suspension of four faculties, have blocked the highway into the nation's capital Abuja for several hours.

Ex-world bank managers back Nigerian for president

A group of former World Bank officials have endorsed Africa's candidate to lead the Bank, Nigerian Finance Minister Ngozi Okonjo-Iweala.

Constitution panel on track despite boycott

The head of Egypt's constitutional assembly has said the committee will forge ahead with its work despite appeals from liberals, Christians and others who walked out in protest against the Islamist domination of the panel.

7 killed in sect violence in north Nigeria

Authorities say seven people have been killed in an attack on a market in a city in the Nigeria's northeast that is the spiritual home to a radical Islamist sect.

Senegal president names technocrat as PM

Senegal's new president has named Abdoul Mbaye, a former banker without any party affiliation, as his first prime minister, state television has announced.

Togo's president 'apologises' over past political violence

Togo's President Faure Gnassingbe has begged for pardon from victims of political violence committed in the country between 1958 and 2005, part of which covered the period his father ruled.

Lawyers argue over soldiers ending Nigeria protest

Lawyers have argued whether Nigeria's president had the power to use heavily armed soldiers and armored tanks to stop a massive protest this January in the nation's largest city over spiraling gasoline prices.

Clashes in rival towns kill 22 in western Libya

Militias from rival towns in western Libya have battled each other with tanks and artillery in fierce fighting that killed at least 22 people, local officials have said.

White House approves new refugee aid to Sudan

The United States is "gravely concerned" about the humanitarian crisis in Sudan and South Sudan and is sending up to $26 million to help refugees displaced by the African border conflict, an administration spokesman has said.

Multimedia

World Bank meeting in Kenya 2011 (Photos)

Anti-Corruption Forum (VIDEO)