Business

Aug 24, 2017
South Africa's government welcomes the sale of the Tegeta coal mine by Oakbay Investments to a Swiss-based firm for $225 million, citing the jobs the sale could save, the department…
Aug 24, 2017
South African engineering and construction group Murray & Roberts reported a 59 percent fall in full-year earnings on Wednesday due to losses in its Middle East business and a settlement…
Aug 14, 2017
WDB Investment Holdings (WDBIH) has increased its stake in Seed Engine (incorporating Seed Academy and the WDB Seed Fund) from 35% to 51%, officially confirming Seed Engine as a proudly…
Aug 14, 2017
These days the African middle class is widely discussed as a phenomenon considered indicative of social change. But a great deal of the debate hasn’t been very well informed. For…
Aug 08, 2017
The Zimbabwe Stock Exchange (ZSE) has experienced capital flight during the year to July 31, as foreign sales amounting to $60,9 million outweighed foreign purchases of $33,5 million, resulting in…
Aug 07, 2017
South Africa’s Parliament is debating the 2017 Copyright Amendment Bill which is aimed at aligning the country’s laws with the digital age. I, as well as other experts and civil…
Aug 04, 2017
South Africa's Treasury is considering a 13 billion rand ($972 million) bailout state airline SAA to keep the company going as it battles a mounting cash crunch, Finance Minister Malusi…
Aug 03, 2017
Dangote Cement ,Africa’s largest cement producer, has announced its unaudited results for the six months ended 30th June 2017, posting a 12.6 percent increase in sales volume across Africa. In…
Jul 31, 2017
South Africa's Bidvest will acquire management services group Noonan for approximately 2.7 billion rand ($208 million) as the trading, services and distribution company looks to grow internationally. Bidvest, which spun…
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…

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