Business

Egypt, Sudan and Ethiopia have failed again to make progress on their Nile dispute as Ethiopia works to complete a massive upstream dam, an Egyptian official said Tuesday. Egypt fears the Renaissance Dam will cut into its share of the river, which provides virtually all the...

Zimbabwe’s new president is rolling out freedoms as never seen before in the country recovering from the 37-year grip of former leader Robert Mugabe. For some, however, President Emmerson Mnangagwa is going too far. Others accuse him of mere window-dressing ahead of July’s...

Zimbabwe has legalized the production of marijuana for medicinal and scientific purposes, making it the rare African country to turn the drug into a source of revenue. A government notice issued by the health minister says individuals and corporations can apply for licenses to...

Angola’s ruling party says new President Joao Lourenco is set to take over as party leader from former longtime President Jose Eduardo dos Santos in September. The Portuguese news agency Lusa cites a statement from the ruling MPLA party on Friday saying it has agreed ...

Thousands of South African workers have demonstrated around the country against a proposed minimum wage, accusing President Cyril Ramaphosa’s government of being hostile to labor. Members of the South African Federation of Trade Unions on Wednesday marched in downtown...

One of France’s most powerful businessmen, Vincent Bollore, was detained for questioning Tuesday in an investigation into alleged corruption during lucrative port deals in Africa. Bollore’s company denied wrongdoing, but its shares plunged about 8 percent on the unexpected...

Egypt’s parliament has passed a law banning the cultivation of crops that require a large amount of water, amid fears that a massive Ethiopian dam being built upstream could cut into the country’s share of the Nile. The law passed late Sunday would ban the cultivation of rice,...

Treasury Secretary Steven Mnuchin expressed cautious optimism Saturday over efforts to resolve trade tensions that have rattled financial markets and clouded the global economic outlook. Mnuchin held a string of meetings over the past three days with financial officials from...

Egypt has criticized reports blaming it for the failure of recent talks with Ethiopia and Sudan to reach an agreement over Ethiopia’s massive dam under construction on a Nile River tributary, and called for a new round of talks to be held in Cairo. Last week’s discussions...