Africa


Satellites to help Africa's hunger for data

2014-04-17 12:50

Africa's demand for bandwidth is doubling every year, encouraging commercial satellite operators to launch more units into orbit.

Africa hotel development shows divergence

2014-04-16 12:44

International and regional hotel chains are signing more deals in sub-Saharan Africa than in North Africa, research shows.

Jhb, CT among best cities in Africa - index

2014-04-15 20:00

Although Johannesburg is the highest ranking city in Africa on a global cities index, it will have to pull up its socks to remain at the top.

African troubles hamper SABMiller sales

2014-04-15 12:34

SABMiller has posted a modest rise in full-year lager sales volumes following troubles in a number of African markets.

Africa's fast growth commodity flows

2014-04-11 15:29

Africa's booming economic growth gives it an opportunity to shift away from the traditional raw material exports model towards transforming its own commodities.

Angola to grant De Beers diamond licence

2014-04-11 10:58

Angola, the world's fourth-largest diamond producer by value, will approve a new concession to De Beers to explore for diamonds.

Africa is rising, despite challenges

2014-04-10 19:04

Africa's economic boom is real and sustained, but more work needs to be done to roll back poverty and create jobs, say African presidents and policy makers.

SA set for stiff competition from Nigeria

2014-04-08 05:30

South Africa must review its policies and approach to investor confidence because it will face stronger competition from Nigeria, says the SA Chamber of Commerce.

SA cheers Nigeria's growth jump

2014-04-07 16:13

Nigeria's status as Africa's new economic powerhouse is proof that Africa is rising, says the ministry of finance.

D-Day for Nigeria to overtake SA

2014-04-04 10:59

Nigeria could leapfrog SA to become Africa's biggest economy this weekend, when the results of a new way of calculating national output are announced.

Africa has too few lab workers: expert

2014-04-03 17:02

There is less than one laboratory professional per 10 000 people in Africa, says the African Society for Laboratory Medicine.

Bank of Ghana holds rate unchanged

2014-04-02 14:28

Ghana's central bank held its main policy rate unchanged, following a hike in February that was designed to halt a slide in the country's currency.

GSK to invest in new factories Africa

2014-03-30 17:06

GlaxoSmithKline plans to make new investments in additional factories and drug research in Africa, says its CEO.

Nigeria to fall from top African oil exporter spot

2014-03-27 13:40

Oil theft looks set to push Nigeria off its spot as top African crude oil exporter and exports could fall to their lowest since records began in 2009.

Happiness goes viral across Africa...

2014-03-26 13:59

There is no denying the Pharrel Williams tune Happy is catchy - with cities across Africa doing viral versions of their own... see which one has the most views.

World Bank approves $73m for DRC project

2014-03-21 16:53

The World Bank has approved $73.1m in financing to the Democratic Republic of Congo to support development of a massive hydropower project.

Africa's trade prognosis in the spotlight

2014-03-18 12:08

Sub-Saharan Africa is expected to break two economic records in 2014, according to an economist.

Africa has no energy vision, conference hears

2014-03-17 15:17

There is a desperate need for a shared vision and comprehensive long-term planning under wise leaders if Africa is to realise its energy potential.

Potash producers looking at Africa

2014-03-14 09:16

Two potash producers could shake off the most bearish industry conditions in five years and open new mines, helped by their proximity to Brazil and Africa.

Sovereign funds race

2014-02-16 10:19

African nations should invest in basics rather than wealth funds, say experts.

Wanderlust playlist

2014-02-11 17:30

Here are 20 feel-good songs that made it on our wanderlust playlist.

Wanderlust playlist

2014-02-11 09:43

Here are 20 feel-good songs that made it on our wanderlust playlist.

African states seek Gulf farmland deals

2014-02-07 09:19

African countries that missed out on Gulf agricultural injections are trying to entice Arab investors with deals designed to avoid problems of the past.

Zuma moots new African economic paradigm

2014-02-03 15:21

Investment between African countries must become the new economic paradigm for the continent, says President Jacob Zuma.

The horror that is breast ironing in Cameroon

2014-01-23 15:30

Came W&G is an organization trying to help end the practice of breast ironing: flattening young girls' breasts in an attempt to protect them from the dangers of puberty.

 

High remittance fees hurt Africa - think tank

2014-04-16 20:34

Africans face the highest remittance fees globally, regularly paying a "super tax" to send money home at a cost that holds back development, says a think tank.

Carlyle Group closes Africa fund

2014-04-16 10:00

Carlyle Group has closed its first sub-Saharan African fund after raising $698m, says the US private equity firm.

African clothing industry in spotlight

2014-04-15 13:00

Products from more than 180 African manufacturers and over 19 countries will be on display at the Source Africa trade event in Cape Town.

Four from SA among top African innovators

2014-04-14 12:17

Four South Africans are among ten finalists selected from almost 700 applications for the Innovation Prize for Africa 2014.

Woolies eyes African expansion

2014-04-11 14:47

Woolworths aims to open 15 stores in sub-Saharan Africa, including in Kenya, Mauritius and Namibia, in two to three years, a senior official says.

Ghana hits economic growth roadblock

2014-04-11 09:32

After a decade of pumping oil and achieving coveted middle-income status that made it the envy of other African nations, Ghana has hit a roadblock.

Retail reward vs risk

2014-04-10 07:21

Firms like Shoprite and Game are chasing profits in booming but volatile Africa.

Growth in Sub-Saharan Africa to jump 5.2%

2014-04-07 17:42

Growing investment in Africa's natural resources and rising household spending will accelerate economic growth in Sub-Saharan Africa.

Rest of Africa buying more homes in SA

2014-04-04 12:24

More foreign buyers of residential property in SA are estimated to be from elsewhere in Africa and they especially like Gauteng, according to a survey.

Travel first aid kit

2014-04-04 10:04

Know which emergency items to pack.

Sanofi eyes growth in Africa

2014-04-03 12:25

French multinational pharmaceutical company Sanofi is on the lookout for acquisitions to boost key business units and expects strong growth in Africa.

Glencore reaches $1bn deal with Mauritania

2014-03-31 09:10

Glencore Xstrata has reached a preliminary deal for a $1bn contract for access to railway and port facilities with Mauritania, according to a report.

W African leaders fail on EU trade deal

2014-03-30 13:27

West African leaders have failed to agree to open their economies to free trade with the European Union after regional heavyweight Nigeria voiced concerns.

Zambia's consumer inflation quickens

2014-03-27 11:00

Zambia's consumer inflation quickened year-on-year in March, says the statistics office.

Africa needs economic discipline

2014-03-25 18:37

The African Development Bank's president urges governments to build resilience to capital outflows and commodity price shocks.

DRC growth will be 'one of highest in Africa'

2014-03-18 15:46

A sharp increase in mining production will drive economic growth in the DRC to one of the highest rates in Africa, says Prime Minister Augustin Matata Ponyo.

Africa's rush to borrow stirs concern

2014-03-18 09:25

As African states line up to join the growing club of dollar bond issuers, analysts warn of a slide back into indebtedness that could undo recent economic gains.

More competition for SA retail brands

2014-03-17 11:29

A new index names the markets in Africa currently the most attractive for retail expansion and those that offer the most potential for the future.

Ericsson bets on 3G in Africa telecoms

2014-02-19 11:58

The world's top mobile infrastructure supplier Ericsson is betting that the fast-growing African mobile broadband market will remain dominated by 3G.

Sovereign funds race

2014-02-16 10:14

African nations should invest in basics rather than wealth funds, say experts.

Wanderlust playlist

2014-02-11 09:22

Here are 20 feel-good songs that made it on our wanderlust playlist.

Law firm grows global footprint

2014-02-03 17:21

Africa's expanding economies and growing consumer base also have an impact on the way law firms position themselves.

US: Africa a hothouse for extremist groups

2014-01-29 21:05

US intelligence chief James Clapper has warned lawmakers that Sub-Saharan Africa had turned into an incubator for extremists staging lethal terror attacks.

The horror of breast ironing

2014-01-22 12:36

An NGO is trying to help end the practice of breast ironing: flattening young girls' breasts in an attempt to protect them from the dangers of puberty.

 
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