Africa Business News

As a result, more than three dozen tax benefits, affecting virtually every taxpayer, are being adjusted for 2007. Key changes affecting 2007 returns, filed by most taxpayers in early 2008, include the following: * The value of each personal and...

The presidents of Kenya, Tanzania, Rwanda, Uganda and Burundi are expected to agree to the free movement of people and goods across the region. It is hoped that the deal will lead to greater economic clout for the region...The East...

Marathon Oil will cut capital expenditures by about $1 billion in 2010, the company said Thursday, with a larger percentage of funds going toward exploration and production and a smaller percentage toward its hard-hit refining business...The Dow Jones industrial average...

The three deals are among eight agreements signed on Tuesday November 17 in presence of the Sudanese Vice President Ali Osman Taha and the visiting Member of the Political Bureau of the Central Committee of the Chinese Communist Party, Chu...

Saudi Arabia won Ms. Ghada Ba-Aqeel award for "Best women's business" in the world, by the youth organization of global business YBI, the achievement of Arab and Gulf unprecedented. Ba-Aqeel was chosen as the draft, "the city center for children...

Retail sales declined in September, Statistics South Africa said on Wednesday. A decrease of 5,1% was reflected for September 2009 when compared with September 2008, the Pretoria-based agency said. In August, retail sales declined by a revised 6,5% year-on-year, Statistics...

Investors are expected to book profits after the recent record-breaking rally, and would come down to below Rs 17,000 level soon, according to analysts. "The precious metal is highly volatile at the moment. However, this trend may last till this...

He will receive an annual salary that is $100,000 more than what Prime Minister Kevin Rudd is paid. Mr Fraser told reporters on Thursday that the debate over how Australia could build a broadband network to secure the economic prosperity...

Air India will get the first instalment of equity infusion from the government worth Rs.400 crore (Rs.4 billion/$80 million) by January, the company said Tuesday. "The group of ministers has recently assured support to the national carrier in the form...