GHANA - Government has reached an agreement with some local banks to restructure legacy debts of State Owned Enterprises (SOEs) in the energy sector.
IVORY COAST - Two business executives, Messrs Tony Elumelu and Chris Kirubi, have received Lifetime Achievement Awards for leadership and key roles they play as African business champions.
GHANA - President John Dramani Mahama has appointed Dr. Abdul-Nashiru Issahaku as Governor of the Central Bank, a statement from Flagstaff House Communications Bureau has announced.
KENYA - Troubled national carrier Kenya Airways is set to send home up to 600 employees beginning next month as part of wide cost-cutting measures expected to reduce its payroll by about Sh2 billion annually.
KENYA - US online taxi hailing service firm Uber Wednesday launched in Mombasa, adding the coastal city to its expanding global network of over 400 cities.
AFRICA - Barclays' decision to sell down its stake in Barclays Africa is a consequence of past mistakes at European banks rather than a reflection of Africa's future prospects, Finance Minister Pravin Gordhan said.
SOUTH AFRICA - Delta Africa will soon announce the acquisition of its first properties in Botswana and Ghana, in a deal worth $257m.
KENYA - A longstanding dispute between seven foreign gold mining companies and the Tanzanian government over payment of corporate tax has been settled, with the companies now agreeing to pay.
GHANA - The UBA Group Board has approved the appointment of Kennedy Uzoka as the new Group Managing Director with effect from August 1, 2016 and subject to the approval of the Central Bank of Nigeria.