News - CNBC Africa


Southern Africa

S.Africa's PPC shareholders to consider board overhaul

31/10/2014 16:47:02

South African cement maker PPC said on Friday it would convene a general meeting to consider removal of its entire board.

Eskom & SALGA to address energy challenges

31/10/2014 13:12:44

Eskom and the South African Local Government Association (SALGA) have signed an agreement) to foster an active partnership.

Copper theft on the rise in S.Africa

31/10/2014 09:26:37

South Africa’s Copper Theft Barometer level increased from 12 million rand in August to 13 million rand in September this year.

France’s luxury Cognac finds a home in S.Africa

31/10/2014 05:55:22

KWV has announced the introduction of the KWV Héritage XO Cognac and the KWV Nexus 30 year old brandy to its brand.

Western Africa

Army chief takes power after Burkina president bows to protests

31/10/2014 16:10:44

The head of Burkina Faso’s armed forces took power on Friday after President Blaise Compaore resigned.

Car bomb kills five people in northeast Nigeria

31/10/2014 11:46:33

A car bomb exploded in the northeast Nigerian city of Gombe on Friday, killing five people and wounding 15 others.

Ghana’s big wave of energy to come from the ocean

31/10/2014 08:28:26

Ghana embarks on a 4 billion dollar energy project to generate 1000 MW from tidal waves.

Burkina president rejects opposition calls to step down after violence

31/10/2014 05:57:11

Burkina Faso’s President Blaise Compaore said he would stay in power at the head of a transitional government until after elections.

East Africa

There should be more cosmetics for dark-skinned women

31/10/2014 13:04:31

SuzieBeauty, created by Suzie Wokabi, is Kenya’s first cosmetic range targeting African Women.

Flame Tree’s private placement oversubscribed

30/10/2014 14:34:44

Regional manufacturing company Flame Tree Group’s private placement has been oversubscribed by 50 per cent.

Kenya moves up a notch in ease of doing business ranking

29/10/2014 12:49:27

Kenya has risen marginally in the 2015 World Bank’s Ease of Doing Business Index.

Hydropower plant electrifies Rwanda

29/10/2014 10:57:42

Rwanda’s Nyabarongo hydropower plant is in operation and will generate 28MW towards the national grid.


Africans equate financial freedom to prosperity

28/10/2014 15:05:51

Africans equate prosperity to achieving financial freedom; this is according to Barclays Africa’s latest report.

Namibia central bank leaves lending rate unchanged at 6%

22/10/2014 12:05:26

Namibia's central bank left its key lending rate unchanged at 6 per cent.

How to make better remuneration decisions

21/10/2014 15:28:56

All businesses should have a remuneration committee that acts in the best interests of the company in order to make quality decisions.

IMF urges caution in Africa's Eurobond borrowing spree

21/10/2014 12:50:01

The International Monetary Fund (IMF) has warned African countries against rushing to issue Eurobonds.


Mobile devices - bridging the gap between retailer and consumer

09/10/2014 17:43:12

Mobile interaction is challenging traditional shopping. Retailers, who don’t catch up, will be left in the Stone Age.

Commission approves Holcim/Lafarge merger

09/10/2014 12:40:10

The Competition Commission has approved an intermediate merger between cement producers Holcim and Lafarge SA.

Dubai's ICD buying $300 mln stake in Nigeria's Dangote Cement

08/09/2014 13:00:05

Investment Corp of Dubai has agreed to buy a 300 million dollar stake in Dangote Cement.

Manufacturing weighs down Tunisia economy

25/07/2014 15:15:38

Economic growth in Tunisia remained weak during the first quarter of 2014, weighed down in particular by the industrial sector.


S.Africa's Harmony halts Kusasalethu mine to remove illegal miners

31/10/2014 16:54:42

South Africa's Harmony Gold has halted output at its Kusasalethu mine for two weeks to try to remove illegal miners.

Wildcat platinum strikes drive down Implats' Q1 production

29/10/2014 11:52:18

Impala Platinum’s gross platinum production decreased by 25.5 per cent in the first quarter for the period 1 July to 30 September 2014.

Anglo American delivers first iron ore from Brazil project

27/10/2014 11:06:41

Anglo American has delivered its first iron ore on ship (FOOS) from its Minas-Rio project based in Brazil.

S.Africa's Amplats says post-strike ramp up ahead of schedule

23/10/2014 08:54:58

Full production at Amplats’ strike-hit Rustenburg, Union and Amandelbult mines resumed a month ahead of schedule in September.


Asian buyers line up for Mozambican LNG with new deals

31/10/2014 06:31:50

Countries across Asia are quietly reaching deals to import liquefied natural gas (LNG) from Mozambique.

Sasol’s BEE transaction receives funding

30/10/2014 14:30:56

Sasol’s landmark broad-based black economic empowerment (B-BBEE) transaction, Sasol Inzalo has been partially refinanced.

Petrol price drop, a positive move going into festive season

29/10/2014 12:34:45

The drop in petrol price is expected to ease pressure on the already burdened consumers, AA has said.

Sasol goes ahead with US$8.1 billion plant

27/10/2014 14:16:16

Sasol has invested 8.1 billion US dollars in an ethane cracker and derivatives complex at its Lake Charles site in Louisiana.


Africa, the future for e-commerce industry

30/10/2014 13:34:33

With online shopping in its infancy in Africa, the region offers the most growth potential for e-retailers.

Social media: giving the public a louder voice

29/10/2014 10:44:36

Individuals’ views are becoming increasingly louder online through social media platforms, impinging on business reputations.

Viettel to invest $1 bln on 3G telecoms network in Tanzania: officials

28/10/2014 15:54:00

Vietnam-based telecoms operator Viettel plans to invest $1 billion in a new third-generation (3G) mobile phone network in Tanzania.

Mobile - The future of shopping in Africa

28/10/2014 14:34:25

Mobile is currently the fastest growing industry in the world and is leading the way in which consumers are shopping.


Rhodes Food lists on the JSE

02/10/2014 10:36:44

Rhodes Food Group Holdings has listed on the main board of the Johannesburg Stock Exchange (JSE).

Nairobi bourse hits record high on its IPO

03/09/2014 09:50:02

The Nairobi Securities Exchange (NSE) has reported that its recent initial public offering (IPO) has been oversubscribed to 663.92 per cent.

Swala Oil debuts on Dar es Salaam bourse

12/08/2014 14:25:33

Tanzania’s Swala Oil and Gas Plc has become the first public owned oil and gas company in East Africa.

NSE launches its initial public offering

23/07/2014 15:04:13

The Nairobi Securities Exchange (NSE) will sell up to 33.9 per cent shares in an initial public offering (IPO).