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Business

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,…
May 07, 2016
Some industrialists, particularly those badly hit by Nigeria’s trade restrictions, seem to think Ghana must come up with its own ‘prohibition list’ and refuse certain goods entry giving the excuse…
May 04, 2016
Kenya on Tuesday urged African governments to set up independent investment portals to enhance interaction with foreigners seeking to launch operations within their countries. Kenya Investment Authority Managing Director, Dr…
May 03, 2016
A new Nestlé Waters joint venture with the owners of an Ethiopian bottled water brand will support sustainable economic growth in the country and meet rising local demand for bottled…
Apr 30, 2016
The international brewer, Heineken, has promised to increase the quota of its locally sourced production materials. Heineken is a part owner of the Sierra Leone Brewery, which is the leading…
Apr 27, 2016
South African supermarket operator Pick n Pay plans to expand into Nigeria next year through a partnership with a local conglomerate, as it seeks to reduce its reliance on its…
Apr 27, 2016
The Managing Director and Chief Executive Officer of Nigeria LNG Limited, Mr. Babs Omotowa, has raised alarm over Nigeria’s dwindling investments in Liquefied Natural Gas (LNG). Nigerian LNG Cargo Bound…

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