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Business

Oct 12, 2016
Dangote Group of Companies, renowned in the production and distribution of cement in the West African sub-region are now wading into the oil and gas sector and is envisaged to…
Oct 10, 2016
As at May 2016, total exports came down to P36.76 billion ($3.4billion), registering a decline of P26.69 billion ($2.4billion) from P63.45 billion($6.3billion) in 2015. This export breakdown was derived from…
Oct 03, 2016
Edcon has supported Zimbabwe’s Edgars with guarantees for $7.2 million (R98.6m) in interest bearing loans and borrowings after the Harare unit sank to a $0.3m loss for the half year…
Sep 29, 2016
A Zambian advocate, Lewis Mosho, is demanding the suspension of Shoprite Holdings from the JSE over alleged breaches of rules and regulations. In a letter dated September 22 to JSE…
Sep 28, 2016
SABMiller shareholders approved the brewer's takeover by rival Anheuser-Busch InBev on Wednesday, paving the way for one of the biggest proposed mergers in history. The 79 billion pound ($103 billion)…
Sep 21, 2016
Private equity firm Bain Capital has agreed a debt for equity swap deal valued at $1.5 billion for Edcon, the chief executive of the South African clothes retailer said. Taken…
Sep 20, 2016
Cash strapped Nigeria’s Federal Government is demanding $635million from two multinational oil companies, Agip and Total for undeclared crude oil shipped out of the country between 2011 and 2014. Two…
Sep 18, 2016
Nigerian billionaire Aliko Dangote told CNBC that a wave of asset selling by the government could be the best way to boost Nigeria's recession-hit economy. Nigerian billionaire Aliko Dangote "I…
Sep 14, 2016
Mobil Producing Nigeria Unlimited, a unit of ExxonMobil, will resume shipment of Qua Iboe crude, Nigeria's largest grade of crude oil in October, three months after the company had declared…
Sep 13, 2016
GlaxoSmithKline (GSK.L) is to sell its portfolio of anesthetic drugs to South Africa's Aspen Pharmacare (APNJ.J) for up to 280 million pounds ($372 million) as part of a drive by…
Sep 10, 2016
The Dangote Cement Plc, a subsidiary of the Dangote Group, discloses its plan to start mining coal at Ankpa, Kogi State, in November. The company said that due to acute…
Sep 09, 2016
Zambian exporters are piling up pressure on their government to come up with retaliatory measures to block imports from Zimbabwe, in what could be a big blow to Harare, which…
Aug 31, 2016
The global slump in commodity prices and weak demand from the continent’s main export partners have hit Nigeria, Africa’s second-largest oil producer, and South Africa, where mining produce accounts for…
Aug 30, 2016
Nigeria’s Dangote Cement has started its shake-up of the Kenyan market with importation of the commodity from its plant in neighbouring Ethiopia as it prepares to establish a local manufacturing…

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