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Britain will use aid budget to boost trade in Africa: PM May

Britain's Prime Minister Theresa May and South African President Cyril Ramaphosa take part in the ceremony to hand over the bell of the SS Mendi in Cape Town, South Africa, August 28, 2018. PHOTO BY REUTERS/Mike Hutchin
Britain's Prime Minister Theresa May and South African President Cyril Ramaphosa take part in the ceremony to hand over the bell of the SS Mendi in Cape Town, South Africa, August 28, 2018. PHOTO BY REUTERS/Mike Hutchin
By Wendell Roelf
28/08/2018

CAPE TOWN (Reuters) - Britain will use its international aid budget to boost its own interests while also seeking to deepen trade ties with Africa, Prime Minister Theresa May said on Tuesday, countering critics who say aid funds would be better spent at home.

China says projects not to blame for majority of Africa debt

Workers put up an installation next to the headquarters of Bank of China in preparation for the Forum on China-Africa Cooperation (FOCAC), in Beijing, China, August 24, 2018. PHOTO BY REUTERS/Stringer
Workers put up an installation next to the headquarters of Bank of China in preparation for the Forum on China-Africa Cooperation (FOCAC), in Beijing, China, August 24, 2018. PHOTO BY REUTERS/Stringer
28/08/2018

BEIJING (Reuters) - Chinese development projects do not account for a majority of the debt on African countries, a senior Chinese official said on Tuesday ahead of a summit with African leaders in Beijing next week.

Kenya's Finserve to tap into Africa's e-commerce, remittances market

A general view shows the Equity Bank headquarters in the Upper Hill district of Kenya's capital Nairobi, March 8, 2016. PHOTO BY REUTERS/Thomas Mukoya
A general view shows the Equity Bank headquarters in the Upper Hill district of Kenya's capital Nairobi, March 8, 2016. PHOTO BY REUTERS/Thomas Mukoya
By Omar Mohammed
25/08/2018

NAIROBI (Reuters) - Kenyan bank Equity Group's fintech business Finserve is betting on a new payment platform for customers and businesses across East and Central Africa to tap into the region's e-commerce and remittances markets.

South Africa's Vodacom launches 5G internet service in Lesotho

A branch South African mobile communications provider Vodacom, November 10, 2015. PHOTO BY REUTERS/Mike Hutchings
A branch South African mobile communications provider Vodacom, November 10, 2015. PHOTO BY REUTERS/Mike Hutchings
25/08/2018

JOHANNESBURG (Reuters) - South Africa's Vodacom launched what it said was Africa’s first commercial 5G internet service in Lesotho on Saturday, but said it would only be able to provide a similar service in its home market once spectrum was made available.

Ghana opposition seeks IMF view on $2 bln Chinese Bauxite deal

Ghana's President Nana Addo Dankwa addresses a news conference at the Chancellery in Berlin, Germany, February 28, 2018. PHOTO BY REUTERS/Hannibal Hanschke
Ghana's President Nana Addo Dankwa addresses a news conference at the Chancellery in Berlin, Germany, February 28, 2018. PHOTO BY REUTERS/Hannibal Hanschke
By Kwasi Kpodo
24/08/2018

ACCRA (Reuters) - Ghana's opposition in parliament wants the International Monetary Fund (IMF) to decide whether a $2 billion Chinese deal agreed by the government in exchange for bauxite will add to the country's debt burden, it said on Thursday.

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