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Business

Feb 19, 2016
The Chief Financial Officer of the struggling De Beers, Gareth Mostyn has sounded an optimistic note that although the diamond industry went through torrid times last year, it has the…
Feb 16, 2016
Atlas Development & Support Services (ADSS) is set to raise $5 million by selling new shares to investors. The company, which is dual listed on the London Stock Exchange and…
Feb 15, 2016
South Africa’s manufacturing production rebounded in December after two consecutive months in which it fell, new figures have shown. There was increased output in both monthly terms, with a seasonally-adjusted…
Feb 12, 2016
Canadian-listed Caledonia Mining, which owns Blanket Mine in Zimbabwe, on Thursday said it had sold forward 15,000 ounces of gold production under a six-month collar and cap arrangement. Caledonia said…
Feb 09, 2016
While some traders are lamenting over implementation of the ECOWAS Common External Tariff (CET), the pharmaceutical industry sees it as a move that will promote and increase affordable healthcare in…
Feb 07, 2016
Zimbabwe will now allow foreign investors to buy stakes of up to 49 percent in companies listed on its stock exchange, the central bank governor said last week. Zimbabwe had…
Feb 06, 2016
Imagine putting on a sandal or slippers that has your name customized on it according to your specification and also finding the same product in Europe, Asia and America. Mpaboa…
Feb 04, 2016
Shares of Flour Mills of Nigeria, the country’s biggest miller by market value, rose the most in 14 months as a stake sale to Lafarge Africa last year buoyed profit.…
Feb 03, 2016
Nairobi edged out Johannesburg to become the top destination of Foreign Direct Investments (FDI) in Africa in 2015 reflecting improving investor confidence in Kenya. A view of a section of…
Feb 01, 2016
Business confidence among Kenyan firms increased marginally in January this year compared to December last year, a new poll by Standard Chartered shows. A lady displays some of her products…
Jan 30, 2016
Kenya's East African Breweries Ltd (EABL) expects a hike in beer excise duty to hit demand in its home market in the coming months and will raise output of a…
Jan 29, 2016
The Petroleum Commission has underscored the need for oil companies, especially new entrants, to adopt the Marine Seeps Detection Technology to reduce the risk of drilling dry wells. According to…
Jan 27, 2016
Experts on Tuesday decried Sub-Saharan Africa's high dependence on imported medicines. Rory Horner, Britain's University of Manchester Lecturer on Globalization, told Xinhua in Nairobi that between 75 to 80 percent…
Jan 27, 2016
Facebook, Microsoft and Google have voiced their opposition to possible regulation of over-the-top (OTT) services such as WhatsApp and Skype in South Africa. Representatives of these companies addressed their concerns…
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