Africa


Nigeria to endure oil price shock - minister

2014-11-21 09:26

Nigeria will have to adjust to oil prices heading lower for some time to come, says Finance Minister Ngozi Okonja-Iweala, on the 2015 economic growth outlook.

Concern about Ebola impact on Africa's growth

2014-11-18 16:10

South Africa is worried about the impact the Ebola outbreak could have on economic growth in Africa, says Finance Minister Nhlanhla Nene.

Africa aims to cut hunger threat as El Niño looms

2014-11-17 15:20

With an El Niño event predicted to hit the Horn of Africa and the Sahel starting in December, researchers are recommending action now to avoid a food crisis.

Africa on course for growing debt issuance

2014-11-13 12:17

Governments and companies in Africa continue debt issuance as investors continue to purchase high yield assets, according to Standard Bank.

Cloud computing surge for Africa, Middle East

2014-11-13 10:42

Region is forecast to become the world’s fastest growing market for cloud services, says network equipment maker Cisco.

Africa investors see through the headlines

2014-11-10 10:36

Headlines from Africa over the past year seem a far cry from the inspiring "Africa Rising" story, but many newly found investors are sticking with the plot.

US eyes China partnership on Africa power

2014-11-07 19:43

The United States is considering partnering with China on improving electricity in Africa, according to two sources.

Spike seen in African offshore disputes

2014-11-07 05:25

African maritime boundary disputes are set to rise, potentially curbing exploration and creating uncertainty in ownership over billions of barrels of oil, experts say.

West Africa urges tourists to keep visiting

2014-11-06 05:05

West African tourist chiefs have called on travellers not to boycott their region because of the Ebola crisis, which has abruptly halted international tourism.

Huge swathes of land grabbed in Africa

2014-10-29 12:10

Over 55 million hectares of land in Africa have been "grabbed" since 2000 with more grabs in Africa than in the rest of the world combined, according to research.

Protea Hotels named African chain of the year

2014-10-27 16:26

Protea Hotels has been named African Hotel Chain of the Year 2014 at the 10th Akwaaba African Travel Market in Lagos, Nigeria.

W Africa's business game-changers announced

2014-10-24 16:14

The winners of the West African round of business awards were honoured in a ceremony at Lagos’ Oriental Hotel.

Africa set to switch on gas-to-power potential

2014-10-16 14:45

Africa's under used gas reserves are set to play a big role in stemming the continent's crippling electricity void, a shift that should boost economies.

IEA calls on Africa to reform energy sector

2014-10-14 06:00

Sub-Saharan Africa's energy sector needs overhauling to help it power prosperity instead of being an obstacle to development, says the International Energy Agency.

WHO: Ebola death toll rises to more than 4 000

2014-10-13 17:00

Liberia's leader loses bid for more power to fight Ebola, including confiscating property.

Liberia health workers' strike on Monday could hurt Ebola efforts

2014-10-13 13:55

A strike in the country worst hit by Ebola could further hamper opportunities to contain the catastrophic outbreak.

Ebola impact 'economic embargo' on W Africa

2014-10-12 21:00

The Ebola epidemic is isolating affected countries from the global economy with devastating effect, says Sierra Leone's finance minister.

Travel warnings change French holiday plans

2014-10-12 11:30

With France's autumn school holiday approaching, travel companies are complaining that bookings are in free-fall after the beheading of a Frenchman in Algeria.

Liberty eyes increased African expansion

2014-10-09 12:44

Insurer Liberty Holdings is in the final stages of buying an asset management firm in Ghana, looking to more Sub-Saharan countries for potential deals.

StanChart to hire more staff in Africa

2014-10-07 18:30

Standard Chartered plans to hire at least 1 000 more staff in Africa in the next couple of years even as its expansion elsewhere has slowed.

Glencore lay-offs illegal, says mining minister

2014-10-06 14:44

Zambia's mines minister has described as "illegal" plans by Glencore to halt operations at its zinc unit in the country and cut almost 170 jobs.

Ecobank to focus on existing businesses: CEO

2014-10-06 09:45

Pan-African lender Ecobank plans to wind down its strategy of rapid expansion across Africa and focus on existing businesses, says its chief executive.

Marriott gathers more momentum in Africa

2014-09-30 17:19

Marriott International has a packed schedule of 30 property openings across the continent by 2020, 9 of which will open by the end of 2015.

fastjet shows strong growth in passenger numbers

2014-09-30 10:23

Low cost African airline fastjet continues on its path of expansion it shows at the announcement of its interim results.

African growth 'based on quicksand'

2014-09-30 05:00

Africa's economic growth is mostly raw material-driven and corruption is endemic, with 40% of private wealth kept outside the continent, says an expert.

 

Africa to get new trade bloc in December

2014-11-19 19:45

Three African economic blocs will merge into a new 27-nation free-trade zone under an agreement to be signed in Cairo, Egypt's industry and trade minister says.

Staying hydrated could be the key to surviving Ebola

2014-11-18 11:27

Ebola kills up to 90% of those who contract the disease. It turns out that the way to be part of the remaining 10% might be to stay hydrated.

Electricity: African firms turn to sunshine

2014-11-14 05:00

A growing number of enterprises are tapping the under-utilised source of sunshine to keep their businesses running and to meet the surging demand for electricity.

Indian company to invest in African zinc

2014-11-13 11:15

India's Sesa Sterlite will invest $782m over a three-year period in southern Africa to tap the region's large undeveloped deposits of the metal.

Moneygram invests in East Africa

2014-11-11 10:13

MoneyGram, a global money transfer and payment services company, is investing in business growth in East Africa.

Africa investors see through the headlines

2014-11-07 19:52

Ebola, terrorism and political upheaval seem a far cry from the inspiring 'Africa Rising' story. But many newly found investors are sticking with the plot.

Whistleblowing website afriLeaks readies for launch

2014-11-07 12:04

The site seeks helping sources confidentially or anonymously leak sensitive information to selected media houses.

Internet domain name ‘dotAfrica’ faces hurdles

2014-11-06 12:49

City names such as .capetown and .joburg have been launched but .africa is facing delays owing to a dispute.

Gold, diamonds fuelling conflict in Africa

2014-11-05 12:10

Gold and diamond sales are being used to finance conflict in Africa and the UN says peacekeepers should monitor mining sites to clamp down on illicit trade.

Hanging on to power in Africa

2014-10-29 11:42

Many African presidents have tried, and often succeeded, to stay in power by reforming their countries' constitutions to get rid of limits on the number of presidential terms.

Appetite grows for African stock exchanges

2014-10-26 14:47

A growing number of Western investors are now looking to Africa's frontier markets for high returns, hoping the continent's budding exchanges can help them tap in.

Africa's fashion influence increasing

2014-10-24 16:00

Fashion industry icons and local and international media are set to converge on Melrose Arch, Johannesburg, for the Mercedes-Benz Fashion Week Africa.

Ebola wrecks three west African economies

2014-10-14 07:00

Just as their economies have started to recover from the horror of coups and civil war, Guinea, Liberia and Sierra Leone have been knocked back down by Ebola.

Ebola to cost MSF nearly $60m this year

2014-10-13 20:37

Doctors without Borders have warned that there are still “critical gaps” in the response to the Ebola outbreak, which it expects to cost the group $59m this year.

WHO: Ebola death toll rises to more than 4,000

2014-10-13 14:54

Liberia's leader loses bid for more power to fight Ebola, including confiscating property

WHO: Ebola death toll rises to more than 4 000

2014-10-13 13:20

Liberia's leader loses bid for more power to fight Ebola, including confiscating property.

Tullow says talks resolve industrial action

2014-10-12 17:30

Tullow Oil says talks to resolve "limited industrial action" in north Kenya have been successfully concluded and the staff affected are returning to work.

'Epidemic of fear' could hurt more than Ebola

2014-10-10 16:35

While Africa welcomes a real international response to the Ebola crisis at last, there are also fears the reaction may be more damaging than the disease itself.

London Mining shares tanker

2014-10-08 13:30

Sierra-Leone-focused London Mining, battered by a sharp drop in iron ore prices, has warned that its shares now had "little or no value.

Africa risks economic infection from Ebola

2014-10-07 06:00

Ebola may only be present in a few African nations, but the crippling outbreak may put the entire continent's envy-inducing growth prospects at risk, experts says.

Indian steelmaker wants to buy London Mining

2014-10-06 14:15

India's third-largest steelmaker is in talks to buy embattled West African iron ore miner London Mining.

PIC to pour R11.2bn into Africa

2014-10-02 12:52

The Public Investment Corporation will put about R11.2bn into African investments and equities, according to Finance Minister Nhlanhla Nene.

Steep drop in African Minerals core earnings

2014-09-30 13:30

Iron ore miner African Minerals has reported a steep drop in core earnings for the first half as operating costs soared.

Africa to issue climate change bonds

2014-09-26 17:45

Climate change bonds will enable the Africa to tap both capital markets and donor funds to bolster its defenses against extreme weather events.

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