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News

Southern Africa

Tightened lending regulations to impact S.Africa’s consumers

19/09/2014 13:16:16

South African consumers may find themselves under added pressure following a tightening of lending regulations in the banking space.

“Gucci Grace, PhD” stirs up race to lead post-Mugabe Zimbabwe

18/09/2014 17:39:55

Soon after being shoe-horned into the top ranks of Zimbabwe’s ruling party, the wife of leader Robert Mugabe has gained a PhD in orphanages.

Marcus steps down as South African central bank chief

18/09/2014 14:47:12

South African Reserve Bank Governor Gill Marcus said on Thursday she would be standing down on Nov. 8 at the end of her five-year term.

S.African financial authorities warn against virtual currencies

18/09/2014 13:08:51

Despite the convenience that virtual currencies have introduced to the public, users need to be careful about the risks involved.

Western Africa

Killings in Guinea show mistrust in Africa Ebola fight: WHO

20/09/2014 08:08:29

The killing in Guinea of people trying to educate locals about Ebola showed how much rural populations in West Africa mistrust authorities.

Sierra Leone capital at standstill as Ebola lockdown begins

19/09/2014 15:29:39

Sierra Leone began a three-day lockdown on Friday in an effort to halt the spread of the Ebola virus.

Nigeria oil strike still on, exports so far unaffected

18/09/2014 13:01:47

Nigerian oil unions continued a strike on Wednesday they said could affect exports if no agreement is reached with the government.

Trends shaping Nigeria's mobile data market

18/09/2014 09:50:50

Nigeria’s telecommunication industry continues to grow and is the largest mobile market in Sub-Saharan Africa.

East Africa

Global court orders Kenyan president to attend hearing

20/09/2014 10:26:44

Judges at the ICC have ordered Kenyan President Uhuru Kenyatta to attend a hearing over how to proceed with his stalled trial.

Canadian firm discovers more oil in Kenya

18/09/2014 07:17:45

Canadian oil and gas exploration company, Africa Oil Corp, has discovered more oil in the North Western part of Kenya.

Kenyan authorities approve MMI's Cannon acquisition

17/09/2014 14:56:32

The Competition Authority of Kenya has approved the acquisition of Cannon Assurance by a South African insurance firm.

Prudential acquires Kenyan life insurer

17/09/2014 14:50:27

UK’s biggest insurer, Prudential, is set to shake up Kenya’s insurance sector following the entry of the international firm in the country.

Financial

Nigeria retains interest rate at 12%

19/09/2014 15:43:39

Nigeria holds its monetary policy rate (MPR) at 12 per cent with a corridor of around 200 basis points (BPS).

Nigeria finmin confident 2014 GDP growth will exceed 6%

19/09/2014 15:21:49

Nigeria's finance minister said she is confident that growth in 2014 will be around the government's latest forecast of 6.5 per cent.

S.Africa's repo rate remains unchanged: SARB

18/09/2014 14:39:30

South Africa’s repurchase rate will remain unchanged at 5.75 per cent per annum, says reserve bank governor, Gill Marcus.

Ghana starts talks with IMF with public sector reform on agenda

16/09/2014 17:47:21

Ghana opened talks with the International Monetary Fund (IMF), hoping to secure financial assistance to restore its fiscal balance.

Industrials

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.

Numsa strike hits hard on Ford SA

16/07/2014 15:27:34

One of the world's leading motor companies, Ford has expressed concern over the ongoing Numsa strike which halted its operations.

Ford halts production at S.African plant due to strike

14/07/2014 10:32:21

Ford said on Monday it has temporarily suspended production at one of its South African plants due to a strike at some of its suppliers.

Mining

Mali to boost funding and policing of artisanal gold mining

20/09/2014 09:55:47

Mali plans to boost funding opportunities for its artisanal miners and to improve the policing of the sector.

Zimbabwe, Russia sign $3 bln deal to develop platinum mine

16/09/2014 16:23:14

Zimbabwe and Russia on Tuesday signed a $3 billion deal to develop a platinum mine in Darwandale.

AngloGold abandons restructuring plans

15/09/2014 15:47:48

AngloGold Ashanti has abandoned the proposed restructuring exercise after its shareholders expressed concern.

Will AngloGold’s shareholders revolt?

14/09/2014 12:15:39

AngloGold Ashanti may face a possible revolt from its shareholders over a 2.1 billion US dollar rights issue and asset split.

Resources

Chinese JV plans 1,200MW Zimbabwe power plant

18/09/2014 16:28:33

Three Chinese firms led by Shanghai Electric Group are considering setting up a coal mine and a 1,200MW thermal power station in Zimbabwe.

PPC upbeat over African expansion

15/09/2014 10:52:59

The leading supplier of cement in southern Africa, PPC says its expansion remains well on track.

Low oil out impacts Angola’s economic growth

12/09/2014 08:22:08

The International Monetary Fund (IMF) says low oil out is set to cut Angola’s economic growth in 2014.

Facilitation crucial to promoting education in Africa

11/09/2014 14:17:54

While education may be key to alleviating challenges in Africa, providing a sustainable way to deliver education is also crucial.

Technology

Is Telkom becoming a convergent player?

19/09/2014 07:22:08

Telkom plans to focus more on broadband connectivity and information technology services in the future, an industry expert told CNBC Africa.

Orange and BOA launch new mobile financial services

18/09/2014 11:26:38

Orange and the Bank of Africa (BOA) have partnered up to offer new mobile financial services in Africa.

S.Africa's internet revenue estimated to hit R71.6 bln in 2018

18/09/2014 07:51:46

Increased Internet access will generate more consumer spend than any other media in the next five years, PwC report said.

We are very serious about Africa: Indian billionaire Azim Premji

17/09/2014 13:15:18

Hailed as ‘India’s Bill Gates’ for his philanthropy, Azim H. Premji, has consistently graced annual Forbes’ global rich lists.

IPO

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).

PSG Konsult to list on Namibian bourse

14/07/2014 14:27:14

Financial services company PSG Konsult to list on the Namibian Stock Exchange (NSX) as of the 16 July 2014.



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