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Dec 17, 2017
Steinhoff Africa Retail Ltd. said it is refinancing loans to its Frankfurt-listed parent Steinhoff International Holdings NV that amounted to about 16 billion rand ($1.2 billion) following an accounting scandal…
Dec 14, 2017
Steinhoff International Holdings NV (SNH.JO) has said that it will have to restate its 2016 financial results as part of its scrutiny into its European segment's 2017 balance sheet assets.…
Dec 05, 2017
Manufacturers and retailers seeking to stay one step ahead in Africa’s complex markets need to move beyond ‘business as usual’ - they simply cannot keep doing the same things and…
Nov 27, 2017
Africa’s largest cement Company, Dangote Cement Plc has added fillip to the on-going efforts at economic emancipation of Africa when it formally opened its 1.5mtpa capacity cement plant in Mfila,…
Nov 25, 2017
ECOWAS is set to increase excise duties on tobacco and other unhealthy products to increase revenue and reduce consumption of such products in the sub-region. The decision was part of…
Nov 24, 2017
Imports from South Africa grew by $107 million (Sh11 billion) in the first eight months of the year that saw Africa’s most industrialised economy overtake the United States in sales…
Nov 21, 2017
Bitcoin hit a new record high this week after smashing through the $8,000 level for the first time over the weekend, marking an almost 50 percent climb in just eight…
Nov 17, 2017
Dangote Noodles Limited, a unit of Nigerian company Dangote Flour Mills, has sold two production lines to rival pasta maker De United Foods Industries for 3.75 billion naira ($12.26 million),…
Nov 13, 2017
It has been a difficult year for South Africa. In September the World Bank downgraded South Africa’s 2017 growth forecast to 0.6 percent, down from 1.1 percent at the beginning…
Nov 11, 2017
As Ethiopia strives to become the manufacturing hub of Africa, more and more Chinese companies are showing an interest in investing in the east African country. The latest Chinese company…
Nov 06, 2017
American car-maker Ford said it would invest R3 billion ($211 million) in its South African assembly plant to meet rising domestic and international demand for its Ford Ranger pickup truck,…
Nov 04, 2017
Shoprite Holdings is in talks to open its first stores in Kenya by filling retail space left empty by the struggling Nakumatt Holdings chain. “We are currently in talks with…
Nov 03, 2017
Chinese telecoms giant ZTE says it intends to expand its footprint in Zimbabwe’s information technology and communication (ICT) sector with plans to invest in 4G and 5G technology. ZTE chief…
Nov 01, 2017
Econet has released its results for the half year ended August, 31, 2017 showing significant growth in both revenue and profits. Revenue for the period was up by 17 percent…
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