Investment

Villagers said it started with a loud rumble, then houses collapsed one by one under an approaching wall of water. “We took our children and rushed to higher ground,” farmer Joseph Maina told The Associated Press. Their home was submerged and their crops were washed away but unlike dozens of others, they survived....

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 freshwater for the arid country of 100...

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 historic election. Signs of change are...

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 Johannesburg and other cities. They said the...

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 detention. The Bollore Group has vast...

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, bananas and other crops, with...

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 China, Japan and Europe over the...

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 included chiefs of intelligence and...

The sweaty mechanic tossed aside the used jeans one by one, digging deep through the pile of secondhand clothes that are at the center of another, if little-noticed, Trump administration trade war. The used clothes cast off by Americans and sold in bulk in African nations, a multimillion-dollar business, have been...