Business

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…
Aug 28, 2016
The Zuma-linked controversial business family, the Guptas have announced their plans to sell all their South African businesses including share and leave the country for good. Atul Gupta was nonexecutive…
Aug 26, 2016
Anheuser-Busch InBev expects to cut about 3% of its enlarged workforce in the three years after its takeover of SABMiller as it seeks to maximise savings from the combination of…
Aug 22, 2016
SA's worst drought in decades has cost the country billions of Rands in lost export revenue, data showed on Friday. The country's agricultural exports declined in 2015 for the first…
Aug 18, 2016
Coca-Cola Beverages Africa, a bottling joint venture between the U.S. soft drink giant and brewer SABMiller Plc, will reconsider its spending and other commitments made to the South African government…

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