News - CNBC Africa


Southern Africa

METAIR sees improved stability in local original equipment

21/10/2014 06:37:19

Metair Investments has reported an improved stability in the local original equipment market.

‘Dr’ Grace Mugabe, a neophyte in the bloody ZANU PF politics

20/10/2014 11:23:41

Zimbabwe’s First Lady, state media and party structures are being used to promote factional interests in ZANU PF's in succession 'war'.

Cashbuild’s selling inflation at 4%

20/10/2014 07:20:15

Cashbuild the largest retailer of building materials saw selling inflation in its products at the end of September 2014.

SAIPA blasts proposed delay on retirement funding

20/10/2014 06:25:30

SAIPA has come out guns blazing over the proposed delay in the retirement fund reform.

Western Africa

Investment in Senegal unaffected by Ebola

20/10/2014 13:48:38

Senegal, which was recently declared Ebola free, has not suffered any major blows to investment as a result of the virus.

Nigeria declared Ebola-free after containing virus

20/10/2014 11:20:54

The World Health Organization declared Nigeria free of the deadly Ebola virus on Monday after six weeks with no new cases.

Ebola spreads to last healthy district in Sierra Leone

18/10/2014 08:07:59

Ebola has killed at least two people in what was the last remaining district in Sierra Leone unaffected by the virus.

Nigeria says reaches deal with Boko Haram over abducted girls

17/10/2014 16:33:55

Nigeria’s government has reached a deal with Islamic militant group Boko Haram for a cease-fire and the release of around 200 girls.

East Africa

Kenyatta emphasises strong leadership as Kenya celebrates Mashujaa Day

20/10/2014 17:37:02

Kenyan president Uhuru Kenyatta addressed the nation on Monday as the country celebrated its fifth Mashujaa, or Heroes, Day.

East Africa targets inclusive prosperity for all

20/10/2014 08:54:10

Business leaders recently discussed the future of East Africa and the challenges that may hinder its progress at a summit in Kigali.

Kenya, EU sign EPA agreement

15/10/2014 15:30:15

Kenyan exporters can breathe a sigh of relief following a fruitful completion of a new Economic Partnership Agreement (EPA).

KENGEN to boost Kenya's power output

15/10/2014 11:01:04

Kenya’s main electricity producer is stepping up its efforts in ensuring it upgrades the country’s power distribution systems.


Yeah, for Somalia’s first ATM

14/10/2014 10:56:58

Somalia’s first ATM has been installed by Salaam Somali Bank in Mogadishu, the capital city.

Are you using financial jargon correctly?

13/10/2014 09:25:57

Online research specialists, Columinate, report that 58 per cent of South Africans have a poor understanding of common financial terms.

Offshore investing necessitates a long-term outlook

11/10/2014 11:09:02

A longer term view is key when investing offshore, says Marriott Asset Management investment professional, Duggan Matthews.

Manufacturing production sees slight decrease in August

09/10/2014 15:26:44

Manufacturing production decreased by 1.2 per cent in August 2014 compared with August 2013, according to Stats SA.


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.


Gold Fields on track with production guidance

21/10/2014 07:05:57

Gold Fields Limited, a leading South African gold mining firm said it is on track with its production guidance.

Skills training vital to transformation of mining in S.Africa

20/10/2014 14:20:30

Skills training and workforce development is key to transforming South Africa’s mining sector.

RBPlat sees a 26% increase in tonnes milled

20/10/2014 08:01:39

Royal Bafokeng Platinum saw a 26 per cent increase in tonnes milled and three per cent reduction in built-up head grade.

No surprises as Zambian budget speech calls for increased burden on miners

17/10/2014 13:11:50

Minister of finance Alexander Chikwanda delivered the 2015 budget address to Zambia's national assembly on 10 October.


Genel, partners make oil discovery off Morocco

20/10/2014 11:50:01

Genel Energy and two partner firms said on Monday that they had discovered oil off Morocco.

Ebola destroying agriculture in West Africa

16/10/2014 10:46:32

The Ebola epidemic is ruining the agricultural industry across West Africa and could cause a major food crisis across the region.

S.Africa considers declaring certain minerals as "strategic"

15/10/2014 17:21:20

Mines minister Ngoako Ramatlhodi said he was considering declaring certain minerals like coal and iron ore as "strategic" for the country.

Nigeria vs Angola: The battle of the oil kings

14/10/2014 15:23:11

International Energy Agency (IEA) predicts that Angola will surpass Nigeria as the continent’s top oil producer in 2016.


Vimpelcom sells telecom units in Burundi, Central African Republic

20/10/2014 12:38:47

Vimpelcom has sold two African businesses, in Central African Republic and Burundi, for 65 million dollars to Econet Wireless Global.

Viettel labelled fastest growing company in Africa

10/10/2014 11:14:20

Mobile network operator Viettel has won the gold prize as Africa and the Middle East’s fastest growing company of 2014.

S.Africa businesses failing to embrace social media

10/10/2014 08:55:09

South African businesses are failing to engage with stakeholders on social media, this is according to a research by FTI Consulting.

Female entrepreneurs find success in male-dominated ICT sector

08/10/2014 14:10:55

African women are breaking glass ceilings and pioneering in the ICT sector despite the lack of female representation in the industry.


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).