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The ANC was on about 32 percent of the vote with more than 60 percent of votes counted in municipal elections....

US Suspends South Africa, Rwanda From Key African Trade Program Authored by Owen Evans via The Epoch Times,U.S. Trade Representative Jamieson Greer said on Nov. 2 that Washington will suspend South Africa and Rwanda from its duty-free trade program for sub-Saharan Africa, citing failures on trade barriers, corruption, governance, and human rights."President Trump found that the governments of Rwanda and South Africa are engaging in practices that are inconsistent with [the African Growth and Opportunity Act's] eligibility criteria," Greer said in a statement, adding that there are threats to U.S. national security and foreign policy interests in both countries.The Trump administration said it is "deeply concerned" by South Africa's barriers to U.S. trade and investment, and corruption. Regarding Rwanda, the U.S. government cited issues with the rule of law, political pluralism, and internationally recognized worker rights and human rights.Greer notified Congress that the two countries would ...

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South African stocks jumped the most in almost seven months, carried higher by a surge in precious metals producers as the price of gold soared....

Ethiopia now ranks as Africa's fifth-biggest economy, after the nation revised its national accounts to take into account emerging sectors such as the digital economy....

Von 25 Kindern zu 730.000 täglichen Mahlzeiten: Wawira Njiru erhält den Deutschen Afrika-Preis. Nun will sie ihr Schulessen-Programm auf weitere afrikanische Länder ausweiten....

South Africa's debt-to-gross domestic product ratio was revised sharply lower, the National Treasury said, after a regular exercise to update the data showed the economy was 5.3% larger last year than previously estimated....

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Development lenders, governments and regulators need to deepen African markets so that every dollar they deploy can attract $10 more of commercial capital, an official at the World Bank's private-sector arm said....

Votes are being counted across South Africa after a record 29.2 million people registered to vote....

Nigerian billionaire Aliko Dangote launched a fuel storage facility in Namibia to future-proof Southern Africa's supply....

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China made eleventh-hour inquiries into OPay Ltd., prompting the Nigeria-focused payments company to halt its $300 million initial public offering in New York hours after pricing it, according to people familiar with the matter....

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Moscow pledges more trade and investment in Africa, where leaders want local industries, technology and jobs....

Africa Launches Its Own Oil Bank As Western Lenders Retreat Authored by Alex Kimani via OilPrice,Africa now has a bank built to finance the oil and gas projects Western banks and development lenders have dropped under their climate commitments. Afreximbank and the African Petroleum Producers' Organization (APPO) formally established the Africa Energy Bank (AEB) at its inaugural general meeting in Abuja on October 31. That was more than four years after the two institutions began work on it and some 20 months behind schedule. Abuja beat bids from six countries, including Ghana, Algeria, South Africa and Benin, to host the bank. Its first president is Helmy Ghazi, formerly deputy CEO of HSBC Bank Egypt, and a board drawn from the public sector, private sector and policy institutions will lead it. The AEB's mandate covers the entire energy value chain: exploration and production, transport, processing, refining and distribution, cross-border pipelines and regional refineries, and power gen...

Aliko Dangote opened the site of a planned fuel depot in Namibia, where the group owned by the continent's richest person will store oil products to be distributed through the region by pipeline, helping secure supply in a region that relies on imports....

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Agricultural commodities trader Olam Agri is boosting investment in African food supply chains to tap the continent's dietary shift toward more meat and processed products....