South Korean car maker Kia Motors said Thursday it will build a new $1.1 billion plant in India, marking its entry into one of the world's fastest growing markets as sales in neighbouring China have sagged.
Kenya's TPS Eastern Africa said on Thursday it had swung into a pretax profit of 325.3 million Shillings ($3.15 million) in 2016 from a loss of 211 million Shillings the year before, helped by higher revenues and a jump in its core profit.
South Africa's Competition Tribunal on Wednesday confirmed a R69.5 million ($5.25 million) settlement with Citibank for its role in rigging Rand currency trading, making the US bank the first among more than dozen banks named in a probe.
Ghana's gross domestic product growth in 2016 GDP stood at a provisional figure of 3.5 percent year-on-year, down from 3.9% in 2015, acting government statistician Baah Wadieh told a news conference on Wednesday.
The value of Nigeria's latest Naira exchange rate, set specifically for portfolio investors, eased for a second straight day on Wednesday even as the central bank stepped up Dollar sales on the spot and forward markets.
Nigerian President Muhammadu Buhari is seeking parliament's approval for a proposal to borrow $5.85 billion from China to modernise its rail network and another $1.075 billion from the World Bank to help rebuild the insurgency-torn northeast.