Business

Jul 17, 2017
Inesfly Africa Limited and Sahara Commodities have signed a distribution agreement for the latter to begin commercial distribution of the Inesfly range of products in the southwestern African nation, Namibia.…
Jul 06, 2017
The Kenyan shilling weakened on Thursday due to increased importer dollar demand, traders said. At 0739 GMT, commercial banks quoted the shilling at 103.75/95 to the dollar, compared with Wednesday's…
Jul 05, 2017
The report, commissioned by ICAEW and produced by partner and forecaster Oxford Economics, provides a snapshot of the region's economic performance. The report focusses specifically on Kenya, Tanzania, Ethiopia, Nigeria,…
Jun 29, 2017
Dangote Cement Plc, controlled by Africa’s richest man, Aliko Dangote, said it may shut its operations in Ethiopia if authorities in the central state of Oromia don’t reverse an order…
Jun 22, 2017
As the ride-hailing company Uber lurched from one clumsy mess to the next, it had appeared that CEO Travis Kalanick would somehow ride out the storm. His recent resignation is…
Jun 21, 2017
Atlas Mara Ltd., the company co-founded by former Barclays Plc head Bob Diamond, plans to sell a 35 percent stake to Fairfax Africa Holdings Corp. so it can increase its…
Jun 20, 2017
On 28 September 2016, the shareholders of South African born international brewer, SABMiller, approved the company’s acquisition by Anheuser-Busch InBev for $104 billion (R1.5 trillion). The deal paved the way…
Jun 08, 2017
Clothing retail chain Edgars Stores’ profit-after-tax nearly trebled to $1 million in the year-to-date, from $35,000 last year and 200 percent above budget due to lower costs. In a trading…
Jun 03, 2017
The Chamber of Commerce in Democratic Republic of Congo has complained to the government about a worsening business climate in the country's copper-mining region, including what it says are unjustified…
May 29, 2017
Over the past decade there’s been a steady rise across Africa in the attention given to the responsible use of the oceans to contribute to economic growth – or what’s…
May 26, 2017
Uganda and Tanzania signed an agreement on their proposed $3.55 billion crude export pipeline on Friday, a key milestone for the project which is expected to start pumping Ugandan oil…
May 24, 2017
The country earned more from exporting non-traditional products to other West African countries than to the European Union (EU) and other developed countries in 2016, the first in many decades…
May 23, 2017
In theory, the world of entrepreneurship should be gender-blind. Start-up businesses are judged on whether they survive or die, and you might have thought that the same stark definition was…
May 22, 2017
The Zimbabwean government says it will lift a ban on some imported products from South Africa, a year after it was first imposed. The ban triggered angry demonstrations, some of…

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