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Business

Mar 18, 2016
Aliko Dangote, Africa’s richest man, has made a bid for a majority stake in automaker Peugeot Automobile Nigeria (PAN) Limited. Aliko Dangote Nasir El-Rufai, the Governor of Nigeria’s Kaduna state,…
Mar 17, 2016
Dangote Group, owned by Africa’s richest man Aliko Dangote, opened a tomato-processing factory near Nigeria’s northern city of Kano aimed at vying for the local market with imports from China.…
Mar 16, 2016
As part of our 3rd annual Africa Wealth Report, we ranked African countries by average wealth per person (wealth per capita). As reflected, people living in Mauritius are the wealthiest…
Mar 15, 2016
Nigerians have reacted angrily to the proposed communications service tax describing it as another way of exploiting the struggling consumers. Nigeria Communications Week had earlier this month reported that communication…
Mar 10, 2016
Barclays Africa Group Limited said there’s no lack of interest from buyers seeking a stake in South Africa’s third-largest lender as Barclays Plc prepares to reduce its 62.3 percent holding…
Mar 10, 2016
Beverages manufacturer, Mutare Bottling Company (MBC) which is part of the Coca-Cola system in Zimbabwe, says it has started importing sugar from Malawi to mitigate against expected shortages in the…
Mar 07, 2016
Dangote Group, the company owned by Africa’s richest man, Aliko Dangote, has said that there are plans to buy phosphate from Morocco and potash from Congo-Brazzaville to feed a planned…
Mar 07, 2016
South Africa’s petro-chemical giant, SASOL has confirmed it will be investing over $1 billion in the exploitation of light oil for gas and energy production in Inhassoro district of the…
Mar 03, 2016
The launch of Nielsen’s second Africa Prospects Indicators (APi) report has given existing and potential investors an unprecedented and even deeper comparative view of the country opportunities across the continent,…
Mar 01, 2016
King Mswati III's share of the just-reopened Lufafa Gold Mine at Hhelehhele in the Hhohho region of Swaziland could be worth up to US$149 million. The King, who rules Swaziland…
Feb 26, 2016
Sagaci Research, a market research and intelligence firm published a new comparative study of Consumers purchasing power using different currencies on the continent vis-a-vis the pricing in the US. The…
Feb 25, 2016
Kenya is among the most attractive target countries for merger and acquisition activity in Africa according to a new report by a business risk consultancy. Control Risks also names South…
Feb 24, 2016
Hopes are fading that Africa’s bond and equity markets will draw more than the most adventurous. A toxic cocktail of plunging commodities prices, policy mismanagement and stubborn corruption have exposed…
Feb 23, 2016
Zimbabwe ordered diamond mining firms to stop operations immediately on Monday and leave the Marange fields as their licences have expired but denied the government was seizing the mines. The…

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