Newscast - Africa

Newscast - Africa

We bring you various leading news from across Africa, on business, economy, market, and politics. Towards A Profitable Africa.

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Zambia To Ration Power Supply 

Zambia To Ration Power Supply 

A large drop in the water levels at Lake Kariba, the key supply for Zambia's hydroelectric power plants, has forced the country to begin rationing power supply. Lake Kariba is the biggest source of po...

19 Joulu 202258s

President Biden Endorses Africa Joining G20 Permanently 

President Biden Endorses Africa Joining G20 Permanently 

US President, Joe Biden, has announced that he supports the African Union joining the G20 club of nations permanently. He says Africa belongs to the table in every room where challenges are being disc...

19 Joulu 202255s

Zuma Launches Private Prosecution Against Ramaphosa 

Zuma Launches Private Prosecution Against Ramaphosa 

South Africa's former President Jacob Zuma says he has launched a private prosecution against his successor Cyril Ramaphosa. The announcement made by the Jacob Zuma Foundation said President Ramaphosa...

19 Joulu 202258s

Mozambique Approves Local Militias In Jihadist Fight 

Mozambique Approves Local Militias In Jihadist Fight 

Mozambique’s parliament has approved a bill legalising the involvement of local forces in the fight against jihadists in the northern Cabo Delgado province. Local militias have been assisting the army...

19 Joulu 20221min

Nigeria’s Tiers Of Government Share Over N900bn For The Month Of November 

Nigeria’s Tiers Of Government Share Over N900bn For The Month Of November 

The Federation Account Allocation Committee shared a total sum of N902.053 billion to the three tiers of government, as Federation Allocation for the month of November 2022. From this stated amount, i...

19 Joulu 20221min

Shareholders Approve Dangote Cement Buy-back Shares 

Shareholders Approve Dangote Cement Buy-back Shares 

Shareholders of Dangote Cement unanimously authorised the management of the company to undertake a share buy-back of up to 10 per cent of its issued shares. The company had stated interest to buy back...

19 Joulu 20221min

Nigeria’s Power Sector Owes N100bn Debt To Niger Delta Power Holding Company

Nigeria’s Power Sector Owes N100bn Debt To Niger Delta Power Holding Company

The Managing Director, NDPHC, Chiedu Ogbo, says the indebtedness of the power sector to the Niger Delta Power Holding Company is now over N100bn. The NIPP was conceived in 2004 and developed to addres...

19 Joulu 20221min

Nigeria’s $1.3bn Zungeru Hydropower To Begin Operations 2023 

Nigeria’s $1.3bn Zungeru Hydropower To Begin Operations 2023 

The Federal Government will complete the concession of the $1.3bn Zungeru Hydroelectric Power Plant next year and will commence operations by the second quarter of the same year. The agency had closed...

19 Joulu 202259s

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