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Business

Jun 29, 2016
Econet Wireless Global affiliate Liquid Telecom agreed to pay 6.55 billion rand ($428 million) for South African Internet-service provider Neotel Pty Ltd., creating the continent’s largest broadband network and business-to-business…
Jun 22, 2016
If you have ever tried Charhon’s loose biscuits, you would know why the “Buy Zimbabwe” campaign is hard to swallow. On the outside, the packaging is boring and plain. Inside,…
Jun 17, 2016
Nigeria will allow the embattled naira to trade freely in a move to control the currency crisis in Africa's most populous nation. The new system will come into effect on…
Jun 10, 2016
South African food producer Tiger Brands said on Thursday it has sold its 51% stake in an Ethiopian business for an undisclosed sum to the other shareholder in the venture.…
Jun 07, 2016
Home grown brands maintain a powerful hold over local consumers, with a brand’s country of origin cited as equally important - or even more important - than other purchasing criteria…
Jun 06, 2016
KFC in Botswana has confirmed it has temporarily closed some of its restaurants after the brand was placed under provisional liquidation. The fast food franchise says a provisional liquidator has…
Jun 03, 2016
An HIV drug first approved less than three years ago is to be rolled out in Botswana as a core medicine for newly diagnosed patients, following the largest ever tender…
Jun 01, 2016
Ghana’s securities regulator instructed the nation’s biggest agricultural lender to refund investors after it rejected an initial public offering that closed in March. The Agricultural Development Bank Ltd. refused 435.1…
May 26, 2016
South African Reserve Bank grants exchange control approval for proposed combination between AB InBev and SABMiller. Approval from the SARB represents an important milestone in the process of securing regulatory…
May 24, 2016
Nigeria could be heading into a recession as its first quarter Gross Domestic Product for 2016 contracted by 0.36 percent, analysts say. The figures released by the Nigerian Bureau of…
May 19, 2016
Kenya is the top most preferred investment destination in East Africa, with the majority of venture hunters attracted to good infrastructure and ease of doing business, says a new report.…
May 18, 2016
Mega Brewer SABMiller reported a 10% drop in revenue for the year in its preliminary results on Wednesday to $19.8bn, though the company did claim 7% organic revenue growth at…
May 17, 2016
In his Independence Day speech in April, President Robert Mugabe said there were “signs of recovery”. This week, his Industry Minister, Mike Bimha, said “we are recovering”, and that there…
May 16, 2016
The government of Swaziland is negotiating for flexible agreements in Africa and abroad that will exempt the country’s sugar from tariffs and other taxes, a cabinet minister said Monday. Commerce,…
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