You've seen the pictures: The Eiffel Tower with sky ablaze in brilliant color. The Taj Mahal with no tourists. Lakes with perfectly mirrored mountain reflections. Unfortunately, the photos often have
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The cheapest way to ‘own’ a superyacht? Buy an apartment on one
Travelers who fantasize about owning a superyacht may be able to turn their dreams into reality — at a much lower price. Residential yachts, as they are called, are essentially
Continue reading »Covid Variant Fueled Record Infections in Africa, WHO Says
A variant of the coronavirus first identified in South Africa is driving record numbers of infections and deaths as it spreads across the region, the World Health Organization said. The
Continue reading »South Africa’s Ability to Tame Wage Bill Uncertain, Fitch Says
South Africa may struggle to stick to a plan to rein in government spending by freezing public-sector wages, Fitch Ratings said on Monday. Finance minister Tito Mboweni has outlined a
Continue reading »Nigerian Central Bank Starts Sale of Dollars to Clear Backlog
Sign up to our Next Africa newsletter and follow Bloomberg Africa on Twitter The Nigerian central bank has started to sell dollars in the spot market and forward operations to
Continue reading »Africa’s Richest Man Is Betting More Than He’s Worth on a Vast Oil Refinery
Sign up to our Next Africa newsletter and follow Bloomberg Africa on Twitter On a peninsula east of Lagos, 30,000 workers are employed on a project that holds out the
Continue reading »Ethiopian Airlines Stays Profitable Despite Covid-19 Travel Bans
Sign up to our Next Africa newsletter and follow Bloomberg Africa on Twitter Ethiopian Airlines Group, Africa’s largest and only consistently profitable carrier, expects to stay in the black for
Continue reading »Nigeria Plans $1.2 Billion Coronavirus Fund to Curtail Spread
Nigeria plans to set up a 500 billion-naira ($1.2 billion) coronavirus intervention fund after becoming the first country in sub-Saharan Africa to report infections. “Our general view is that this
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