News - CNBC Africa


Southern Africa

Has Golding's suspension been about the control of eTV all along?

24/10/2014 09:05:15

The suspension of Hosken Consolidated’s (HCI) executive chairman may be more to do with the control of South African broadcaster, eTV.

Global seafood demand on the surge, says report

24/10/2014 00:12:33

Global seafood consumption per capita has increased significantly; this is according to the WWF 2014 report.

S.Africa's Imperial to take $58 mln stake in Dutch medical wholesaler

23/10/2014 18:07:00

South Africa's Imperial Holdings will buy 70 per cent of Imres BV, a Dutch wholesaler of medical supplies, for 46 million euros.

S.Africa would consider strategic partner for SAA: Minister

23/10/2014 17:12:14

South Africa would consider a strategic partner for struggling state-run airline, the minister of public enterprises said on Thursday.

Western Africa

Mali becomes sixth West African nation hit by Ebola

24/10/2014 08:32:33

Mali confirmed its first case of Ebola on Thursday.

Bomb blast kills five at bus station in north Nigeria: police

23/10/2014 08:34:18

A bomb exploded at a bus station in northern Nigeria’s Bauchi state overnight, killing at least five people and wounding 12, police said.

Shell strikes sales deals for Nigerian assets

21/10/2014 17:40:53

Royal Dutch Shell has signed sales agreements for all the Nigerian oil assets it put up for sale.

Nigeria wealth fund chief says investment plans unaffected by weak oil

21/10/2014 16:05:55

Nigeria's sovereign wealth fund said its investment programme over the next six months, including on infrastructure, will go ahead.

East Africa

Kenya Power FY pretax profit jump 55.2%

23/10/2014 14:43:41

National utility firm, Kenya Power, has posted a 55.2 per cent rise in its pretax profits for its full year results.

Kenyan housing sector shows promise

23/10/2014 10:50:12

Kenya’s property sector is robust and promises high returns on investment, says a report released by real estate firm Hassconsult.

Uganda says oil revenue possible alternative to Chinese cash for railway

21/10/2014 12:55:04

Uganda could rely on income from future oil exports to finance an 8 billion US dollar railway.

Kenya cement producer aims for regional market

21/10/2014 10:38:48

Kenyan cement producer, Savannah has taken its expansion strategy in line with its ongoing growth plans a step further.


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.

Rwanda preparing next Eurobond issue - Finance Minister

21/10/2014 12:49:52

Rwanda still plans to launch another Eurobond to fund infrastructure projects in the fast-growing economy.


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 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.

S.Africa’s Northam launches $600 mln black empowerment deal

22/10/2014 08:56:49

Northam has agreed to a 600 million dollar deal with black shareholders that will see it increase its black ownership to over a third.

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.


Shell finds gas field in pre-salt offshore Gabon

23/10/2014 06:43:37

Oil major Royal Dutch Shell said it found a gas field under a layer of salt in deep water off the coast of Gabon.

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.


MTN to lay off half of 850 S.African managers

23/10/2014 17:39:45

MTN Group plans to lay off about half of its 850 managers in South Africa.

Tech-savvy SMEs have better chance of prospering

23/10/2014 15:09:47

Technologically advanced small and medium enterprises (SMEs) will achieve economic growth at a faster pace.

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.


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).