News - CNBC Africa


Eskom may increase tariffs above 8% for 2015

30/07/2014 15:42:10

South African power utility, Eskom has been given permission to increase rates above the approved eight per cent for 2015.

The changing face of S.Africa’s townships

30/07/2014 15:10:48

South Africa’s township property market is undergoing significant change, owing to an influx of infrastructure and retail nodes.

Million dollar deals up for grabs at the US-Africa summit

30/07/2014 13:52:20

President Jacob Zuma is leading the South African delegation to the first ever US-Africa summit in Washington.

Brown hopes to appoint Eskom CEO by mid-August

29/07/2014 17:41:39

Minister of Public Enterprises, Lynne Brown has said that Eskom’s new chief executive officer (CEO) will be appointed within weeks.

What is driving Nigeria’s consuming class?

25/07/2014 13:35:28

Nigeria is fast developing a consuming class that is not only fueling its retail and service sector but its other local industries.

Will security risks threaten investments into West Africa?

25/07/2014 12:57:12

West Africa presents a mixed bag of risks for investors.

Challenges facing Nigeria's MSME sector

24/07/2014 14:18:36

There are a lot of challenges faced by the MSME sector to get loans for their businesses from financial institutions in Nigeria.

Nigeria can become a major food basket

24/07/2014 13:40:12

Nigeria has the required indices to become the major food basket for the entire world, Toyin Sanni told CNBC Africa.

East African oil & gas discoveries stir global explorer interest

30/07/2014 11:56:31

Gas and oil discoveries in Tanzania, Uganda and Kenya has led to East Africa receiving its share of attention from global oil companies.

Equity Bank records 21% growth in profit

30/07/2014 10:58:53

Financial service provider, Equity bank has reported a 21 per cent growth in its pretax earnings in the first half of the year 2014.

Fitch upgrades Rwanda to 'B+' with a stable outlook

30/07/2014 08:24:46

Rwanda’s long-term foreign and local currency Issuer Default Ratings (IDR) has been upgraded by Fitch ratings.

Sudan’s huge debt impacts on external financing

29/07/2014 10:53:49

Sudan’s external debt is high, cutting off the country from access to most foreign financing, the IMF has said.

Investor files US lawsuit over Barclays "dark pool"

29/07/2014 10:22:13

A US investor is suing Barclays Plc current and former bosses.

The importance of risk profiling for investors

28/07/2014 09:58:42

Risk profiling has of late become popular as it prompts many investors to go through this process to determine their level of tolerance.

Actis sells off a large stake in Alexander Forbes

25/07/2014 12:50:52

Private equity investor Actis has sold a nine per cent stake in Alexander Forbes, representing a large part of its total 13 per cent stake.

Letshego Holdings receives Namibian banking licence

24/07/2014 13:58:04

The Central Bank of Namibia has issued Letshego Holdings with a provisional banking licence.

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.

Kenya’s cement market up for a stir

10/07/2014 17:13:34

Nigeria’s Dangote cement is set to stir up the cement industry in Kenya after the firm said they would double production capacity.

Lonmin and Bapo ba Mogale enter BEE agreement

30/07/2014 14:31:54

Lonmin Plc has entered into an agreement with the Bapo ba Mogale traditional community to meet Black Economic Empowerment requirements.

ResGen expects delay at Boikarabelo mine

29/07/2014 10:17:33

Resource Generations’ developments at its Boikarabelo coal mine have been delayed due to the liquidation of its earthworks contractor.

Zimplats' mine collapse cuts platinum output by 50%

19/07/2014 09:51:45

Platinum production at Zimplats’ largest mine in Zimbabwe has been halved following a major collapse underground, the company said.

RBPlat concludes agreement with NUM

17/07/2014 18:30:56

Royal Bafokeng Platinum (RBPlat) announced on Thursday that it had successfully concluded a wage agreement with NUM.

Exxaro to acquire Total Coal South Africa

28/07/2014 13:33:04

Exxaro Resources has entered into an agreement with Total South Africa to acquire 100 per cent of the issued shares in Total Coal.

East Africa's new found wealth to bring regional transformation

25/07/2014 12:20:38

East Africa has emerged as a significant prospect for oil and gas that is set to fundamentally transform the regional economies.

Africa’s oil and gas sector grows despite challenges

23/07/2014 11:28:20

Africa’s oil and gas industry remains resilient despite facing issues of corruption, poor infrastructure and regulatory uncertainties.

Africa could lead energy storage revolution

22/07/2014 16:36:58

Africa has the potential to be a leader in the energy storage space, says Basil Read Energy director, Ian Curry.

Could call centres improve African public services?

22/07/2014 14:26:46

The creation of call centre associations may improve African governments’ services delivery to its citizens.

Defining objectives a must for ICT stakeholders

22/07/2014 13:09:45

It’s essential for various stakeholders in the Information and Communications Technology (ICT) space in Africa to define their objectives.

Vodacom proves ‘fastest network’ claim

19/07/2014 12:29:31

South African mobile network, Vodacom was able to prove its most recent ‘fastest network for smartphones’ claim, according to the ASA.

‘Greedy’ Swazi royal family fight over mobile telecoms monopoly: SSN

18/07/2014 15:24:13

The Swazi Royal Family is reported to be in a bitter feud over mobile service monopoly in the small southern African country.

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.

Flame Tree Group set to list 15% stake on NSE

03/07/2014 16:44:01

Flame Tree Group, a Mauritian manufacturer based in Kenya plans to list on the Nairobi Securities Exchange (NSE).

Equites set to list on JSE

10/06/2014 14:05:16

Equites Property Fund Limited is set to list on the JSE’s industrial and Office real estate investment trust sectors.

PwC increases its African investment footprint

30/07/2014 09:44:29

PricewaterhouseCoopers (PwC) is increasing its African investments due to the high demand for professional services in the region.

StanChart powers Obama's ‘Power Africa’ campaign

30/07/2014 08:15:39

Standard Chartered Bank has more than doubled its commitment to the US president Barack Obama’s 'Power Africa' campaign.

IMF approves US$5 billion for Morocco

29/07/2014 10:09:43

The International Monetary Fund (IMF) has approved a new 24-month arrangement for Morocco amounting to five billion US dollars.

Juba's expectations unrealistic: analyst

28/07/2014 06:40:24

The government of South Sudan’s projections for increases in economic growth and social services could fall short of their expectations.