Africa


Strong growth in Namibia's hospitality industry

2015-01-30 13:45

The hospitality industry of Namibia has experienced a record growth in room and bed occupancy last year, according to new statistics.

Eating consumers push SA retailers to top spots

2015-01-29 12:39

South African retailers have performed very well in Africa and the Middle East, according to the latest Deloitte Global Powers of Retailing survey.

PPC achieves positive cement sales

2015-01-27 15:00

The operating environment in SA remains tough due to weak economic growth, power shortages and increased competitor activity, says PPC.

Africa's mobile money transactions top $656m

2015-01-20 12:34

Researchers say the value of mobile money transactions in the region could also more than double to $1.3bn in the next four years.

Madagascar's economy shows signs of recovery

2015-01-18 12:21

Madagascar's economy has shown early signs of recovery, but political instability, weak institutions and weak governance are hurting prospects, says the IMF.

JP Morgan could remove Nigeria from bond index

2015-01-18 11:19

JP Morgan says it would assess Nigeria's suitability to remain in a key emerging currency bond index it manages.

 

Don't cling to power, UN chief tells African leader

2015-01-30 12:46

The UN Secretary General Ban Ki-moon has told African leaders gathered for an annual summit to not cling to power and respect the wishes of their people.

Surge in dollar-debt leaves African nations bare

2015-01-28 11:21

A surge in foreign debt issuance by African nations has left some fragile economies exposed to the risk of billions of dollars in foreign exchange related losses.

Businesses save Kalahari elephant

2015-01-22 15:31

Local business people in Namibia have stepped in to save an elephant bull roaming commercial farms and having been branded a "problem animal" to be killed.

Tunisia strong prospect if investments come

2015-01-18 19:30

Tunisia is seen as a rare regional success story, but its prospects hinge on reforms and foreign investment.

Egypt has enough wheat until mid-May - minister

2015-01-18 11:45

Egypt's stock of wheat for its subsidised bread programme will last until the middle of May, says Supplies Minister Khaled Hanafi.

Tullow writes off billions due to oil price fall

2015-01-15 16:00

Africa-focused oil and gas explorer Tullow Oil has written off $2.3bn in relation to exploration work and some of its assets in 2014.

African mobile phone growth to surge - study

2015-01-07 12:30

Growth prospects for sub-Saharan Africa’s mobile phone market are significant as over half the region's population does not have access to a mobile phone, say researchers.

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