The Nigerian government has approved a plan to recapitalize the pro-development Bank of Industry, bringing total capital up to $4.72 billion.
The anti-apartheid leader has been hospitalized again following a lung infection, South African President Jacob Zuma’s office said on Saturday.
At least 140 foreigners were killed in South Africa last year, and, this year, about three anti-immigrant incidents are reported weekly.
Outraged by photos of abused miners that surfaced online, Chinese netizens are dissatisfied with the government’s passive reaction.
The South African sprinter faces life in prison for the shooting of Reeva Steenkamp.
The incident adds to tensions between rival unions at one of the country's largest platinum mines.
Gaddafi and his family reportedly have an estimated $80 billion in assets parked in banks and other institutions around the world.
The currency's new low, 10.13 rand per U.S. dollar, is part of a broader investor sell-off in 20 emerging market currencies.
Reportedly, Malawi had agreed to ship 100,000 young men and women between the ages of 18 and 25 to South Korea to work in factories and farms.
The illicit outflow of assets from Africa actually exceeds the amount of aid and investment coming in, says a new report.
On May 25, 1963, the AU’s predecessor, the Organization of African Unity, was established.
Despite severe economic challenges, European countries are still among the best places to live. Here's why.
This marks the first time South Africa’s higher education sector has made teaching an indigenous African language mandatory.
Betting on cricket (which is completely illegal in India) is a multibillion-dollar annual enterprise.
The people of Shanglin county in southern China have ventured to an unlikely place to seek their fortunes.
"Gran Turismo 6" has allegedly been announced, according to iafrica.com.
A drunk man charged an elephant, taunting the animal, and walked away laughing.
The No. 1 player in the world looks like he's in top form in Rome.
National Union of Mineworkers believes the strike against Lonmin is in reaction to the killing of a veteran worker from its rival union.
Iran's top energy official says each new refinery would have the capacity to generate 20,000 barrels per day.
Lenovo Group Ltd. will introduce its first smartphones in Africa, with a release planned for Nigeria before the end of the year,
Amplats halves its planned jobs cutbacks in South Africa.