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Pilot strike adds to Kenya Airways woes

Pilots at Kenya Airways plan to go on strike from Saturday to seek better working conditions in defiance of a court order, adding to...

Oil climbs as dollar slips and supply risks linger

Oil climbed on Friday as the dollar eased and supply risks lingered, though recession fears and China’s COVID outbreaks kept a check on prices. Brent...

London court forces Glencore to pay record £281m for bribery in Africa

The mining and commodities giant Glencore will be forced to pay £281m in fines, confiscated profits and costs as punishment for “sustained criminality”, the...

UK financial watchdog warns it will stop unfair banks from lending

Britain's Financial Conduct Authority said on Thursday it will stop banks from lending if they fail to treat customers caught in the cost of...

Airline Flyr seeks up to $51 million in cash to survive winter

Loss-making airline Flyr plans to raise up to 530 million Norwegian crowns ($50.73 million) in new equity to alleviate a "very strained financial situation",...

Breaking

World Bank’s Banga says more bilateral debt forgiveness needed

World Bank President Ajay Banga said on Thursday (17...

Ghana, creditor panel agree on debt restructuring, paving way for IMF cash

Ghana has finalised a pact with its official creditor...

Nigeria strikes deal with Shell to supply $3.8 billion methanol project

Nigeria has struck a deal for Shell (SHEL.L), opens new...

Africa’s $824 billion debt burden and opaque resource-backed loans hinder its potential, AfDB president warns

Africa's immense economic potential is being undermined by non-transparent...
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