Business

Nov 17, 2017
Dangote Noodles Limited, a unit of Nigerian company Dangote Flour Mills, has sold two production lines to rival pasta maker De United Foods Industries for 3.75 billion naira ($12.26 million),…
Nov 13, 2017
It has been a difficult year for South Africa. In September the World Bank downgraded South Africa’s 2017 growth forecast to 0.6 percent, down from 1.1 percent at the beginning…
Nov 11, 2017
As Ethiopia strives to become the manufacturing hub of Africa, more and more Chinese companies are showing an interest in investing in the east African country. The latest Chinese company…
Nov 06, 2017
American car-maker Ford said it would invest R3 billion ($211 million) in its South African assembly plant to meet rising domestic and international demand for its Ford Ranger pickup truck,…
Nov 04, 2017
Shoprite Holdings is in talks to open its first stores in Kenya by filling retail space left empty by the struggling Nakumatt Holdings chain. “We are currently in talks with…
Nov 03, 2017
Chinese telecoms giant ZTE says it intends to expand its footprint in Zimbabwe’s information technology and communication (ICT) sector with plans to invest in 4G and 5G technology. ZTE chief…
Nov 01, 2017
Econet has released its results for the half year ended August, 31, 2017 showing significant growth in both revenue and profits. Revenue for the period was up by 17 percent…
Oct 31, 2017
Regional cement maker Pretoria Portland Cement (PPC) says it has received an offer from a global building materials and solutions company, LarfargeHolcim, challenging an earlier offer from Fairfax. PPC, which…
Oct 28, 2017
Jumia Nigeria has announced the dates and partners for its biggest sales event of the year, Jumia Black Friday 2017! This year’s event is billed as the Jumia Black Friday…
Oct 25, 2017
Heineken the world's second-largest brewer, reported an increase in third-quarter beer sales on Wednesday, with growth in all regions except Europe, where poor summer weather reduced demand, and in the…
Oct 24, 2017
Despite Cote d’Ivoire still being dominated by a traditional trade retail base, the Nielsen Shopper World Conference held in Abidjan, Cote d’Ivoire has found that the country’s Modern Trade arena…
Oct 21, 2017
South Africa is expected to renew Total’s offshore exploration rights next year, the chief executive of the state petroleum agency said on Friday. “It is expected to be granted in…
Oct 18, 2017
Exporters have been urged to improve the quality of their products to meet global appeal, as part of efforts to boost the export trade through initiatives such as the African…
Oct 17, 2017
Uber has announced the appointment of Lola Kassim as its new General Manager for West Africa. Lola worked as a Management Consultant with McKinsey and Company where she led teams…

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