NKC African Economics News

Cyril Ramaphosa, Deputy President of South Africa

South African union backs unionist-turned-tycoon Ramaphosa as next President

South Africa‘s Deputy President Cyril Ramaphosa saw his chances of becoming the country’s next leader increase on Monday when the powerful mining union he helped found before he made a fortune in business backed him to succeed President Jacob Zuma.

South Africa goes 30 days without power cuts in boost for economy

South Africa goes 30 days without power cuts in boost for economy

South Africa’s struggling power utility Eskom has marked 30 straight days without imposing rolling power cuts.

The falling oil price has put pressure on the Nigerian currency, the naira.

Nigeria tightens controls on foreign exchange

The Nigerian central bank has imposed new foreign exchange controls to try to stem the flow of dollars out of the country.

Africa telecoms firm Eaton Towers raises $350M war chest to fund expansion across continent.

Africa telecoms firm Eaton Towers raises $350M to fund expansion across continent

African telecoms company Eaton Towers has raised a $350m war chest to fund expansion across the continent.

The main candidates for Lagos State Governor: Jimi Agbaje (Left), People's Democratic Party (PDP), and Akinwunmi Ambode, All Progressives Congress (APC)

Nigeria's ruling PDP faces state governors test after president ousted

Nigeria’s Peoples Democratic Party is seeking to win at gubernatorial elections after it lost its grip on national power in Africa’s biggest oil producer when President Goodluck Jonathan was defeated in a vote last month.

Uhuru Kenyatta, President of Kenya

Kenya's ruling coalition moves to create single party for 2017 general elections

The main political parties in Kenya’s governing Jubilee Alliance are considering plans for a merger, an agreement analysts say may involve rotating power between two of the country’s largest ethnic groups.