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World Economic Forum News

How to make sustainable development a reality

05/06/2015 15:33:24

The year 2015 is significant for Africa, as it marks the end of global, regional and local efforts to meet the MDGs.

Importing skilled labour to bridge the gap

05/06/2015 14:29:32

South Africa is advised to relax visa regulations and welcome more skilled immigrants in catalysing its economic growth.

UNFPA encourages PPPs to tackle Africa’s unemployment

05/06/2015 13:35:34

UNFPA's Executive Director, Babatunde Osotimehin has urged private sector to be partners in national development.

South Africa prepares for increasing interest rates

05/06/2015 11:23:26

South Africa's Reserve Bank Governor confirmed that interest rates will be going up in 2015 given the current inflation outlook.

Special Report

S.Africa's petrol price to go down in August

31/07/2015 14:22:40

The retail price of petrol in South Africa will decrease by 3.7 percent from August 5, while wholesale diesel will decrease 6.5 percent.

Tunisia's Syphax puts a stop to all flight operations

31/07/2015 11:07:28

Tunisia's Syphax has temporarily halted all flights, it said, citing a decision by the International Air Transport Association.

Killer of Cecil the lion should be extradited, Zimbabwe says

31/07/2015 10:33:46

The American dentist who killed Cecil the lion a month ago in Zimbabwe had financed an illegal hunt and should be extradited.

Plane debris on remote island points to breakthrough in MH370 mystery

31/07/2015 09:31:08

Plane debris washed up on the French island of Reunion in the Indian Ocean is almost certainly part of a Boeing 777.

Southern Africa

These African countries have the fastest growing rich people

03/08/2015 14:57:02

Mozambique is set to become the fastest growing African market for high-net-worth individuals over the next ten years.

4% of South African households earn 32 % of total income: Oxfam

03/08/2015 11:44:36

More than ten per cent of South Africans live in extreme poverty, this is according to Oxfam's recent report.

SA's black middle class treading on fragile territory

03/08/2015 11:25:43

The rise of the black middle class in South Africa may be facing a stunt in growth.

Canada's First Quantum Minerals to lay off 1,480 workers in Zambia

03/08/2015 07:40:48

First Quantum Minerals will lay off workers at one of its Zambian copper projects after a reduction in its power supply curbed production.

Western Africa

Nigeria's banks reject deposits in dollars

03/08/2015 19:10:35

The naira gained on the parallel market following the move by banks to reject dollar deposits.

Nigerian banks name and shame bad debtors

03/08/2015 19:01:36

The move to name those owing large sums is part of a raft of measures introduced by the central bank in an attempt to steady the economy.

Tech start-ups in Lagos attract international capitalists

28/07/2015 15:25:10

In between the run-down buildings in this seemingly inauspicious part of Lagos, a city of around 21 million, tech start-ups are taking root

Nigeria's AMCON to expose loan defaulters

28/07/2015 15:09:06

Nigeria's "bad bank" AMCON on Monday asked loan defaulters to immediately square their accounts or it would publish their names.

East Africa

Gunmen in uniform kill ally of Burundi President Nkurunziza

03/08/2015 07:23:35

Gunmen wearing military uniforms shot dead a former Burundian security chief and close ally of President Pierre Nkurunziza on Sunday.

Kenyan inflation drops in July due to lower food prices

31/07/2015 14:37:10

A fall in Kenyan food prices pushed inflation lower in July, official data showed on Friday.

Cost of housing and energy in Uganda causes July inflation to rise

31/07/2015 10:54:05

Uganda's headline inflation rose to 5.4 percent year-on-year in July from 4.9 percent the previous month.

Kenya's East African Breweries reports a rise in pre-tax profit

31/07/2015 10:45:57

Kenya's East African Breweries reported on Friday a 36 percent rise in pre-tax profit to 14.15 billion shillings ($138.52 million).


South Africa's rand under pressure, US rate expectations to set course

03/08/2015 08:26:32

South Africa's rand remained under pressure on Monday after the release of weak manufacturing data out of China.

Barclays Africa H1 profit rises, cross-border business robust

29/07/2015 08:17:29

Barclays Africa, South Africa's third-largest lender by value, reported an 11 percent rise in half-year profit on Wednesday.

South Africa's rand picks up

28/07/2015 15:01:05

South Africa's rand recovered slightly early on Tuesday after touching a fresh 14-year in the previous session.

South Africa's rand weakens as China growth woes weigh

24/07/2015 08:30:25

S.Africa's rand fell to its weakest in more than two weeks as concerns about growth in China overrode domestic interest rate increase.


Omnia FY earnings inch up, mining woes a constraint

23/06/2015 08:49:00

Omnia, reported a slight rise in year earnings on Tuesday.

Lewis aims to attract high-income consumers

27/05/2015 10:50:12

Lewis plans to use the business it bought from failed Ellerine Holdings to increase its appeal to customers from higher income groups.

Illovo Sugar's FY earnings not so sweet

25/05/2015 10:30:22

Illovo Sugar said its full-year profit fell 8 per cent due to softer global prices.

Tsogo Sun may list property unit separately, posts flat H1 profit

21/05/2015 11:18:35

Tsogo Sun is considering listing its property portfolio worth 30 billion rand separately.

Special Reports

SMEs the answer to S.Africa's unemployment

29/06/2015 15:40:29

The SME landscape in South Africa is grappling with the ability to create employment.

Collaboration crucial to promoting entrepreneurial development

29/06/2015 15:23:24

Industry leaders have called for improved relations between government and private sector in promoting enterprise development.

Africa’s innovative minds given a platform to thrive

29/05/2015 12:45:30

The AIF seeks to catalyse the innovation spirit in Africa with the aim of cultivating needs-based inventions.

Global Investment Trends

21/05/2015 15:18:48

There are many exciting global investment themes creating incredible change and investment opportunities in the market today.


Opening Pandora’s Box: The bitter harvests of xenophobia

24/04/2015 16:04:29

It is a supreme irony that, exactly 30 years later, the troops are back on the streets of Alexandra.

Please beat the count Ali

24/10/2014 12:54:21

There are many Africans who are praying that Muhammad Ali will beat the count and rise from the hospital bed where he lies critically ill.

The rise of the island paradise

03/10/2014 11:32:19

From the moment you step on the plane you know Mauritius means business.

TB Joshua Lagos church collapse: the cheapness of life in Africa

19/09/2014 14:41:52

As a journalist, it makes me sick.

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