There is currently a strong demand for dollars and foreign exchange from importers amid diminishing liquidity as the global price of oil, Nigeria’s top source of revenue, plummet to all-time lows.
The mining giant reported a pretax loss of $5.5 billion in 2015, compared with $259 million in 2014.
Prince Harry's former girlfriend will launch her own jewelry line Aya Africa later this year.
“The longer they remain trapped the slimmer the chances of them being found alive,” a union leader in South Africa said.
More than a quarter of the population currently lacks access to food in the country, once known as the "breadbasket of Africa" and now reeling under severe drought.
Police said the Tanzanian man killed two employees at a Nairobi casino after gambling away 30,000 Kenyan shillings (about $300).
The social networking site saw India becoming its biggest mobile market in 2016, but a ruling by the country's government could derail those plans.
Violence in the 9-month-old crisis has already killed more than 400 people, in a country that emerged from an ethnically charged civil war in 2005.
The women serve as emissary-representatives for the Chabad-Lubavitch movement, a worldwide Jewish community.
Mining companies in South Africa, struggling to make profits as global commodity prices plummet, may slash thousands of jobs.
Zimbabwe's capital and most populous city, Harare, has confirmed six cases of typhoid fever in the past five days in various suburbs, sparking fears of a major outbreak.
Uthukela Mayor Dudu Mazibuko said the scholarship for virgin young women is intended to "reduce HIV, AIDS and unwanted pregnancy."
The National Prosecuting Authority of South Africa said Monday that Oscar Pistorius’ appeal arguments are “without merit and contrived.”
South African President Jacob Zuma has long been criticized for his leadership abilities.
Agustín Carstens said governments should plan for “a potentially severe shock” in 2016.
Unidentified gunmen as well as local residents targeted the agency in Mogadishu Tuesday, five days after Somalia cut ties with Tehran.
Pistorius was charged with the premeditated murder of Reeva Steenkamp, who was found shot to death in February 2013.
The three single-engine multirole fighters, jointly developed by Pakistani and Chinese engineers, may help in the battle against Boko Haram.
The past year saw deals worth nearly $4.3 trillion — significantly above the previous peak, before the financial crisis, according to a Thursday report.
Persisting uncertainties and headwinds in emerging economies forced the international lender to trim global growth forecast for the third straight year.
The nation's government has been urged to suspend its nuclear procurement plans and hold a referendum about the issue.
Africa's most industrialized economy may add as many as 9,600 megawatts of nuclear power to its electrical grid, now heavily reliant on coal.