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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

Pan-African banking group Ecobank H1 pretax profit up

30/07/2015 10:39:41

Ecobank posted a 47.4 percent jump in half year pretax profit to 61.41 billion naira ($309 million) versus the same period a year ago.

South Africa's rand weakens against the dollar

30/07/2015 09:12:31

South Africa's rand weakened against the dollar on Thursday ahead of U.S. GDP data.

South African education firm Curro drops bid for rival Advtech

29/07/2015 14:37:57

South Africa's largest private education group Curro Holdings said on Wednesday it had withdrawn its bid for smaller rival Advtech.

S.A's jobless rate shows improvement in the Q2

29/07/2015 14:06:49

South Africa's unemployment rate fell to 25 percent of the labour force in the second quarter from 26.4 percent.

Southern Africa

Dentist who killed Zimbabwe lion draws threats, protests.

30/07/2015 10:25:08

Police in Minnesota are investigating reports of a threat against a dentist who killed Zimbabwe's most famous lion.

Steinhoff International issues 1.1 bln euros convertible bonds

30/07/2015 09:10:54

Issue of approximately 1.1 billion euros convertible bonds.

S.Africa’s next hotspots for the super-rich

29/07/2015 13:20:28

Four towns are set to become South Africa's next hotspots for millionaires.

Zambia increases refined fuel imports

29/07/2015 11:32:59

Zambia has increased imports of finished petroleum products to prevent a fuel shortage.

Western Africa

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.

Nigeria shares gas revenues to cover debts

28/07/2015 12:48:54

Nigeria has begun the process of sharing $2.1 billion with federal, state and local governments to reduce a growing backlog of debts.

Nigeria begins sharing $2.1 bln gas revenues to cover state government debts

28/07/2015 08:33:45

Nigeria has begun the process of sharing $2.1 billion with federal, state and local governments to reduce a growing backlog of debts.

East Africa

Tourism slump deepens Kenya Airways pretax losses

30/07/2015 09:24:25

Kenya Airways pretax loss for the year to March widened to 29.71 billion shillings ($293 million) from 4.86 billion shillings.

Quarter of Kenya's state budget unaccounted for - auditor general

29/07/2015 20:32:19

Commentators say the report by Auditor General Edward Ouko's office exposed the scale of official corruption in Kenya.

Kenya's tax revenues rise

29/07/2015 13:55:58

Kenya collected 1.001 trillion shillings ($10 billion) in the fiscal year to end-June, a 3.86 percent increase from the previous year.

Obama says transparency would strengthen Ethiopia

29/07/2015 10:46:22

U.S. President Barack Obama told Ethiopia's leaders on Monday that allowing more political freedoms would strengthen the African nation.


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.

South Africa's rand recovers as gold halts decline

21/07/2015 09:27:15

South Africa's rand recovered on Tuesday as the dollar paused a recent rally fuelled by falling gold prices.


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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