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Business

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,…
May 13, 2016
Abraaj Group, a Dubai-based private equity firm, is in the final stages of approval for three transactions in sub-Saharan Africa and will probably make further investments in the region before…
May 11, 2016
The Coca-Cola Co. (KO - Get Report) , SABMiller plc (SAB) and Gutsche Family Investments said the South African Competition Tribunal agreed, with conditions, to allow the formation of Coca-Cola…
May 11, 2016
Half a decade ago, attacks by pirates from Somalia were so common and so costly, in lives and money that a naval task force with over two dozen vessels from…
May 10, 2016
YPO, the premier network of global business leaders and chief executives, today announced that economic confidence amongst business leaders in Africa recovered slightly in the first three months of 2016,…
May 09, 2016
Africa’s attractiveness as an investment destination was again highlighted during the recent official opening of the third African office of Dubai Chamber of Commerce and Industry (Dubai Chamber) in Maputo,…
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