CNBC Africa News Feed http://www.cnbcafrica.com Sun, 22 Jan 2017 08:04:38 GMT Umbraco Latest from CNBCAfrica en Ghana's new gov't says will review $918 million IMF deal http://www.cnbcafrica.com/news/financial/2017/01/20/ghanas-new-government-says-will-review-918-million-imf-deal/ The three-year programme, signed by the previous government in April 2015, imposes strict targets for revenue collection and spending. Fri, 20 Jan 2017 14:19:10 GMT http://www.cnbcafrica.com/news/financial/2017/01/20/ghanas-new-government-says-will-review-918-million-imf-deal/ Malaria champions unnerved by Trump uncertainty at crucial time http://www.cnbcafrica.com/insights/special-reports/world-economic-forum/wef-davos-2017/2017/01/20/malaria-champions-unnerved-by-trump-uncertainty-at-crucial-time/ Worries that the presidency of the United States is now passing to a man whose commitment to global health projects is uncertain. Fri, 20 Jan 2017 14:08:37 GMT http://www.cnbcafrica.com/insights/special-reports/world-economic-forum/wef-davos-2017/2017/01/20/malaria-champions-unnerved-by-trump-uncertainty-at-crucial-time/ Trade: Best tool to fight poverty and promote growth http://www.cnbcafrica.com/insights/special-reports/world-economic-forum/wef-davos-2017/2017/01/20/trade-is-best-tool-to-fight-poverty-and-promote-growth/ The reality is that nationalism and protectionism are on the rise globally and the case for globalization needs to be made. Fri, 20 Jan 2017 13:02:45 GMT http://www.cnbcafrica.com/insights/special-reports/world-economic-forum/wef-davos-2017/2017/01/20/trade-is-best-tool-to-fight-poverty-and-promote-growth/ UN to focus more on conflict and crisis prevention http://www.cnbcafrica.com/insights/special-reports/world-economic-forum/wef-davos-2017/2017/01/20/un-to-focus-more-on-conflict-and-crisis-prevention/ The Secretary-General pointed out that multilateral governance is as important in a multipolar world as in the unipolar system. Fri, 20 Jan 2017 12:59:24 GMT http://www.cnbcafrica.com/insights/special-reports/world-economic-forum/wef-davos-2017/2017/01/20/un-to-focus-more-on-conflict-and-crisis-prevention/ Nigeria ratifies the Trade Facilitation Agreement http://www.cnbcafrica.com/insights/special-reports/world-economic-forum/wef-davos-2017/2017/01/20/okechukwu-enelamah-handing-over-the-instrument-of-acceptance/ The 107th World Trade Organisation (WTO) member to do so. Fri, 20 Jan 2017 12:53:43 GMT http://www.cnbcafrica.com/insights/special-reports/world-economic-forum/wef-davos-2017/2017/01/20/okechukwu-enelamah-handing-over-the-instrument-of-acceptance/ S.Africa economy poised for growth, stable repo rate in 2017 http://www.cnbcafrica.com/news/southern-africa/2017/01/20/safrica-economy-poised-for-growth-stable-repo-rate-in-2017/ A median of 27 economists in a poll taken over the past week suggested growth in South Africa would accelerate. Fri, 20 Jan 2017 09:28:40 GMT http://www.cnbcafrica.com/news/southern-africa/2017/01/20/safrica-economy-poised-for-growth-stable-repo-rate-in-2017/ Kenya university lecturers join doctors and strike for more pay http://www.cnbcafrica.com/news/east-africa/2017/01/20/kenya-university-lecturers-strike-for-more-pay-joining-doctors/ The average annual income for Kenya's 46 million citizens is $1,340, according to World Bank data. Fri, 20 Jan 2017 09:16:20 GMT http://www.cnbcafrica.com/news/east-africa/2017/01/20/kenya-university-lecturers-strike-for-more-pay-joining-doctors/ Power Africa partner Gigawatt Global advances 1,000 MW Program http://www.cnbcafrica.com/insights/special-reports/world-economic-forum/wef-davos-2017/2017/01/20/groundbreaking-on-solar-field-in-burundi-power-africa-partner-gigawatt-global-advances-1,000-mw-program/ This will be the largest private international investment in the power sector in Burundi in nearly 30 years. Fri, 20 Jan 2017 08:37:59 GMT http://www.cnbcafrica.com/insights/special-reports/world-economic-forum/wef-davos-2017/2017/01/20/groundbreaking-on-solar-field-in-burundi-power-africa-partner-gigawatt-global-advances-1,000-mw-program/ Globalisation has left people behind - this is what we should do about it http://www.cnbcafrica.com/insights/special-reports/world-economic-forum/wef-davos-2017/2017/01/20/globalization-has-left-people-behind/ It’s recently become fashionable to worry that the fabric of democracy is being undermined as people feel left behind by globalization. Fri, 20 Jan 2017 08:22:24 GMT http://www.cnbcafrica.com/insights/special-reports/world-economic-forum/wef-davos-2017/2017/01/20/globalization-has-left-people-behind/ Ministers call on G20 to aim for inclusive growth from WEF http://www.cnbcafrica.com/insights/special-reports/world-economic-forum/wef-davos-2017/2017/01/20/at-davos,-ministers-call-on-g20-to-aim-for-inclusive-growth-reject-protectionism/ Schäuble added that the G20 should be redoubling efforts to promote inclusive growth as part of free trade. Fri, 20 Jan 2017 08:12:53 GMT http://www.cnbcafrica.com/insights/special-reports/world-economic-forum/wef-davos-2017/2017/01/20/at-davos,-ministers-call-on-g20-to-aim-for-inclusive-growth-reject-protectionism/ W.African military enters Gambia to install new president http://www.cnbcafrica.com/news/western-africa/2017/01/20/west-african-military-force-enters-gambia-to-install-new-president/ Barrow took the oath of office on Thursday at Gambia's embassy in Senegal, calling for international support from West Africa's ECOWAS bloc. Fri, 20 Jan 2017 07:39:43 GMT http://www.cnbcafrica.com/news/western-africa/2017/01/20/west-african-military-force-enters-gambia-to-install-new-president/ Corruption investigators search home of South Africa's top policeman http://www.cnbcafrica.com/news/southern-africa/2017/01/19/corruption-investigators-search-home-of-south-africas-top-policeman/ A constitutional body tasked with monitoring the police obtained a warrant to search the home of acting commissioner Khomotso Phahlane. Thu, 19 Jan 2017 16:16:40 GMT http://www.cnbcafrica.com/news/southern-africa/2017/01/19/corruption-investigators-search-home-of-south-africas-top-policeman/ Google & Gavi partner to scale up innovations for vaccine delivery http://www.cnbcafrica.com/insights/special-reports/world-economic-forum/wef-davos-2017/2017/01/19/google-gavi-partner-to-scale-up-high-tech-innovations-for-vaccine-delivery/ Over the next years the volume of vaccines in Gavi-supported countries is expected to rise significantly. Thu, 19 Jan 2017 15:48:55 GMT http://www.cnbcafrica.com/insights/special-reports/world-economic-forum/wef-davos-2017/2017/01/19/google-gavi-partner-to-scale-up-high-tech-innovations-for-vaccine-delivery/ May: Brexit means a global Britain that makes globalization work for all http://www.cnbcafrica.com/insights/special-reports/world-economic-forum/wef-davos-2017/2017/01/19/may-brexit-means-a-global-britain-that-makes-globalization-work-for-all/ “The sense among the public is that mainstream political leaders have failed to hear their concerns for too long.” - Theresa May Thu, 19 Jan 2017 15:27:44 GMT http://www.cnbcafrica.com/insights/special-reports/world-economic-forum/wef-davos-2017/2017/01/19/may-brexit-means-a-global-britain-that-makes-globalization-work-for-all/ Op-Ed: Malawi - Corruption and repression pose growing stability threats http://www.cnbcafrica.com/news/east-africa/2017/01/19/malawi-corruption-and-repression-pose-growing-stability-threats/ The government continues to have a chilly relationship with elements of the country’s civil society, specifically the media. Thu, 19 Jan 2017 13:47:03 GMT http://www.cnbcafrica.com/news/east-africa/2017/01/19/malawi-corruption-and-repression-pose-growing-stability-threats/ Op-Ed: Ivory Coast – the best macro in Africa? http://www.cnbcafrica.com/news/special-report/2017/01/19/ivory-coast-–-the-best-macro-in-africa/ This new arrival in the MSCI African equity universe has a lot going for it, including the right conditions for a banking sector boom. Thu, 19 Jan 2017 12:46:05 GMT http://www.cnbcafrica.com/news/special-report/2017/01/19/ivory-coast-–-the-best-macro-in-africa/ AngloGold plans more than 800 job cuts in South Africa http://www.cnbcafrica.com/news/financial/2017/01/19/anglogold-plans-more-than-800-job-cuts-in-south-africa/ The letter, addressed to unions, pegged the number of workers to be laid off at 849. Thu, 19 Jan 2017 12:39:09 GMT http://www.cnbcafrica.com/news/financial/2017/01/19/anglogold-plans-more-than-800-job-cuts-in-south-africa/ Gambia's President-elect to be sworn in at embassy in Senegal http://www.cnbcafrica.com/news/western-africa/2017/01/19/gambias-president-elect-to-be-sworn-in-at-embassy-in-senegal-officials/ Barrow defeated President Yahya Jammeh in a December election but Jammeh has refused to step aside despite regional pressure Thu, 19 Jan 2017 12:28:56 GMT http://www.cnbcafrica.com/news/western-africa/2017/01/19/gambias-president-elect-to-be-sworn-in-at-embassy-in-senegal-officials/ West African forces poised for Gambia intervention http://www.cnbcafrica.com/news/western-africa/2017/01/19/west-african-forces-poised-for-gambia-intervention-as-leaders-mandate-ends/ Isatou Toure, a senior Barrow aide, said the mediation effort failed to make any headway but Barrow would be sworn in at some stage on Thurs Thu, 19 Jan 2017 12:06:30 GMT http://www.cnbcafrica.com/news/western-africa/2017/01/19/west-african-forces-poised-for-gambia-intervention-as-leaders-mandate-ends/ Zimbabwe tax agency says misses 2016 revenue target http://www.cnbcafrica.com/news/financial/2017/01/19/zimbabwe-tax-agency-says-misses-2016-revenue-target-due-to-weak-economy/ ZIMRA chairman Willia Bonyongwe said in a statement the agency collected $3.46 billion in taxes between January and December 2016. Thu, 19 Jan 2017 11:59:48 GMT http://www.cnbcafrica.com/news/financial/2017/01/19/zimbabwe-tax-agency-says-misses-2016-revenue-target-due-to-weak-economy/ Three reasons S.A's Reserve Bank may keep interest rates unchanged http://www.cnbcafrica.com/news/financial/2017/01/19/three-reasons-sas-reserve-bank-may-keep-interest-rates-unchanged/ Governor Kganyago has highlighted that the MPC is conscious of the economic growth implications of higher interest rates. Thu, 19 Jan 2017 11:45:18 GMT http://www.cnbcafrica.com/news/financial/2017/01/19/three-reasons-sas-reserve-bank-may-keep-interest-rates-unchanged/ Number of African tech startups raising funding up by 17% in 2016 http://www.cnbcafrica.com/news/special-report/2017/01/19/number-of-african-tech-startups-raising-funding-up-by-17-in-2016/ South Africa, Nigeria and Kenya remained the three most popular investment destinations on the continent. Thu, 19 Jan 2017 10:54:45 GMT http://www.cnbcafrica.com/news/special-report/2017/01/19/number-of-african-tech-startups-raising-funding-up-by-17-in-2016/ Biden issues call for Europe and the US to defend the Liberal International Order http://www.cnbcafrica.com/insights/special-reports/world-economic-forum/wef-davos-2017/2017/01/19/biden-issues-call-for-europe-and-the-us-to-defend-the-liberal-international-order/ In his last official speech as US Vice-President, Biden said that he had come to Davos to issue a valedictory call for Europe and the US. Thu, 19 Jan 2017 10:37:21 GMT http://www.cnbcafrica.com/insights/special-reports/world-economic-forum/wef-davos-2017/2017/01/19/biden-issues-call-for-europe-and-the-us-to-defend-the-liberal-international-order/ Closing the gender gap through quotas and technology http://www.cnbcafrica.com/insights/special-reports/world-economic-forum/wef-davos-2017/2017/01/19/closing-the-gender-gap-through-quotas-and-technology/ The slowdown is partly due to chronic imbalances in salaries and labour force participation. Thu, 19 Jan 2017 10:15:26 GMT http://www.cnbcafrica.com/insights/special-reports/world-economic-forum/wef-davos-2017/2017/01/19/closing-the-gender-gap-through-quotas-and-technology/ West African leaders hold crisis talks as Gambia leader's mandate ends http://www.cnbcafrica.com/news/western-africa/2017/01/19/west-african-leaders-hold-crisis-talks-as-gambia-leaders-mandate-ends/ The African Union and West African regional body Ecowas have both said that as of Thursday they only recognise Barrow as Gambia's president. Thu, 19 Jan 2017 08:01:19 GMT http://www.cnbcafrica.com/news/western-africa/2017/01/19/west-african-leaders-hold-crisis-talks-as-gambia-leaders-mandate-ends/ Oil eases off highs after four producers agree output freeze http://www.cnbcafrica.com/news/commodities/2016/02/16/oil-eases-highs-four-producers-agree-output-freeze/ Brent crude futures were up 81 cents at $34.20 a barrel by 09252 GMT, having fallen from an earlier peak of $35.55. Tue, 16 Feb 2016 11:15:21 GMT http://www.cnbcafrica.com/news/commodities/2016/02/16/oil-eases-highs-four-producers-agree-output-freeze/ S.A retailers' trading updates a mixed bag http://www.cnbcafrica.com/news/earnings/2016/01/14/sa-retailers-mixed-result/ Massmart full year trading update disappoints; Woolworths half-year pleases. Thu, 14 Jan 2016 11:43:29 GMT http://www.cnbcafrica.com/news/earnings/2016/01/14/sa-retailers-mixed-result/ The fall of the JSE's big five construction companies http://www.cnbcafrica.com/news/stocks/2015/11/26/the-fall-of-the-jses-big-five/ From 2007, the Big Five construction companies lost 79 per cent of their value. Thu, 26 Nov 2015 06:11:29 GMT http://www.cnbcafrica.com/news/stocks/2015/11/26/the-fall-of-the-jses-big-five/ SA rand plunges to record low http://www.cnbcafrica.com/news/currencies/2015/09/24/rand-plunges-to-record-low/ Nagging concerns over sluggish growth and China weigh rand down. Thu, 24 Sep 2015 14:42:40 GMT http://www.cnbcafrica.com/news/currencies/2015/09/24/rand-plunges-to-record-low/ Initial investment in Eni mega gas field in Egypt about $3.5 bln: EGAS http://www.cnbcafrica.com/news/commodities/2015/08/31/egypt-largest-gas-find/ Egypt said that the initial investment in a mega gas field discovered off its coast will amount to about $3.5 billion. Mon, 31 Aug 2015 15:48:56 GMT http://www.cnbcafrica.com/news/commodities/2015/08/31/egypt-largest-gas-find/ China data sends stocks to 2-year low, currencies suffer more http://www.cnbcafrica.com/news/stocks/2015/08/21/emerging-markets-china-fears-(1)/ Disappointing China factory data clobbered emerging market assets on Friday with stocks on track for their steepest weekly loss. Fri, 21 Aug 2015 16:01:02 GMT http://www.cnbcafrica.com/news/stocks/2015/08/21/emerging-markets-china-fears-(1)/ South Africa's The Foschini Group seeks growth in childrenswear http://www.cnbcafrica.com/news/southern-africa/2015/08/12/safricas-foshini-childrenswear/ S. African The Foschini Group (TFG) is planning two chains of stores aimed at children and seeking areas of growth in women's wear. Wed, 12 Aug 2015 17:56:38 GMT http://www.cnbcafrica.com/news/southern-africa/2015/08/12/safricas-foshini-childrenswear/ South Africa's Sappi Q3 profits fall on maintenance shutdowns http://www.cnbcafrica.com/news/earnings/2015/08/07/saffricas-sappi-q3-profits/ South African pulp and paper company Sappi posted a 89 percent fall in third-quarter earnings on Friday. Fri, 07 Aug 2015 09:14:00 GMT http://www.cnbcafrica.com/news/earnings/2015/08/07/saffricas-sappi-q3-profits/ South Africa's Sasol flags lower FY earnings on softer oil price http://www.cnbcafrica.com/news/earnings/2015/08/07/safricas-sasol-fy-earnings/ S.African petrochemicals company Sasol said on Friday it expected full-year profits to fall by up to 19 percent due to softer oil prices. Fri, 07 Aug 2015 09:07:42 GMT http://www.cnbcafrica.com/news/earnings/2015/08/07/safricas-sasol-fy-earnings/ South African insurer Liberty plans to spend millions on Nigerian deals http://www.cnbcafrica.com/news/earnings/2015/08/07/safricas-liberty-h1-profit/ South Africa's fourth-largest insurer Liberty Holdings reported a 6 percent increase in half-year profit on Friday. Fri, 07 Aug 2015 08:50:19 GMT http://www.cnbcafrica.com/news/earnings/2015/08/07/safricas-liberty-h1-profit/ Stronger U.S. growth lift Asian stocks in early trade http://www.cnbcafrica.com/news/stocks/2015/07/30/asian-shares-dollar-up/ Prospects of stronger U.S. growth in coming months lifted Asian stocks in early trade, with Japan's Nikkei up 1.1 percent. Thu, 30 Jul 2015 10:25:04 GMT http://www.cnbcafrica.com/news/stocks/2015/07/30/asian-shares-dollar-up/ Heineken, Diageo end joint ventures in South Africa, Namibia http://www.cnbcafrica.com/news/commodities/2015/07/28/heineken-end-joint/ Dutch brewer Heineken and spirits maker Diageo have agreed to end their 11-year cooperation in South Africa and Namibia. Tue, 28 Jul 2015 12:21:00 GMT http://www.cnbcafrica.com/news/commodities/2015/07/28/heineken-end-joint/ South Africa's June headline CPI quickens to 4.7 pct http://www.cnbcafrica.com/news/commodities/2015/07/22/south-africas-cpi-quickens/ South Africa's headline consumer inflation quickened to 4.7% year-on-year in June, well below expectations, compared to 4.6 percent in May. Wed, 22 Jul 2015 11:47:28 GMT http://www.cnbcafrica.com/news/commodities/2015/07/22/south-africas-cpi-quickens/ Asian shares wilt in shadow of Wall Street's earnings woes http://www.cnbcafrica.com/news/stocks/2015/07/22/asian-shares-wilt/ Asian stocks skidded on Wednesday after weak earnings dragged down U.S. equities. Wed, 22 Jul 2015 11:14:20 GMT http://www.cnbcafrica.com/news/stocks/2015/07/22/asian-shares-wilt/ South Africa's rand firms as commodity prices recover http://www.cnbcafrica.com/news/commodities/2015/07/21/south-africas-rand-firms-up/ South Africa's rand strengthened against the dollar on Tuesday supported by a recovery in commodity prices. Tue, 21 Jul 2015 16:58:55 GMT http://www.cnbcafrica.com/news/commodities/2015/07/21/south-africas-rand-firms-up/ Gold hits five-year low under $1100 on Chinese selling http://www.cnbcafrica.com/news/commodities/2015/07/20/gold-hits-five-year-low/ Gold prices plunged as much as 4 percent to their lowest in more than five years on Monday. Mon, 20 Jul 2015 14:55:43 GMT http://www.cnbcafrica.com/news/commodities/2015/07/20/gold-hits-five-year-low/ Euro sharply down as Greece crisis deepens, default looms http://www.cnbcafrica.com/news/stocks/2015/06/29/euro-greece-crisis-deepens-default/ Emerging market stocks are headed for the steepest drop in two years as Greece is strike a deal with lenders. Mon, 29 Jun 2015 07:02:04 GMT http://www.cnbcafrica.com/news/stocks/2015/06/29/euro-greece-crisis-deepens-default/ Omnia FY earnings inch up, mining woes a constraint http://www.cnbcafrica.com/news/earnings/2015/06/23/omnia-earnings-mining/ Omnia, reported a slight rise in year earnings on Tuesday. Tue, 23 Jun 2015 08:49:00 GMT http://www.cnbcafrica.com/news/earnings/2015/06/23/omnia-earnings-mining/ S.Africa's rand gains, supported by hopes of Greek breakthough http://www.cnbcafrica.com/news/currencies/2015/06/22/south-africa-rand-greek/ The rand inched close to a one-month high on Monday as hopes of a breakthrough in the Greek debt crisis supported emerging markets assets. Mon, 22 Jun 2015 10:06:44 GMT http://www.cnbcafrica.com/news/currencies/2015/06/22/south-africa-rand-greek/ Lewis aims to attract high-income consumers http://www.cnbcafrica.com/news/earnings/2015/05/27/south-africa-lewis-beares/ Lewis plans to use the business it bought from failed Ellerine Holdings to increase its appeal to customers from higher income groups. Wed, 27 May 2015 10:50:12 GMT http://www.cnbcafrica.com/news/earnings/2015/05/27/south-africa-lewis-beares/ Illovo Sugar's FY earnings not so sweet http://www.cnbcafrica.com/news/earnings/2015/05/25/south-africa-illovo-sugar-earnings/ Illovo Sugar said its full-year profit fell 8 per cent due to softer global prices. Mon, 25 May 2015 10:30:22 GMT http://www.cnbcafrica.com/news/earnings/2015/05/25/south-africa-illovo-sugar-earnings/ Tsogo Sun may list property unit separately, posts flat H1 profit http://www.cnbcafrica.com/news/earnings/2015/05/21/tsogo-sun-earnings-property/ Tsogo Sun is considering listing its property portfolio worth 30 billion rand separately. Thu, 21 May 2015 11:18:35 GMT http://www.cnbcafrica.com/news/earnings/2015/05/21/tsogo-sun-earnings-property/ Investec full-year profit up http://www.cnbcafrica.com/news/earnings/2015/05/21/investec-profit-earnings/ Investec reported a 10.2 per cent rise in full-year profit on Thursday. Thu, 21 May 2015 10:41:26 GMT http://www.cnbcafrica.com/news/earnings/2015/05/21/investec-profit-earnings/ Tiger Brands suffers losses in Nigeria following naira’s devaluation http://www.cnbcafrica.com/news/earnings/2015/05/20/tiger-brands-nigerias-naira-devaluation/ Tiger Brands suffered setbacks in its foreign businesses after operations in Nigeria were affected by devaluation of the naira. Wed, 20 May 2015 08:06:28 GMT http://www.cnbcafrica.com/news/earnings/2015/05/20/tiger-brands-nigerias-naira-devaluation/ Harmony Gold narrows quarterly loss http://www.cnbcafrica.com/news/earnings/2015/05/08/harmony-gold-quarterly-earnings/ South Africa's Harmony Gold on Friday narrowed its quarterly loss as job cuts helped offset lower gold output. Fri, 08 May 2015 09:35:41 GMT http://www.cnbcafrica.com/news/earnings/2015/05/08/harmony-gold-quarterly-earnings/ Oil eases off highs after four producers agree output freeze http://www.cnbcafrica.com/news/commodities/2016/02/16/oil-eases-highs-four-producers-agree-output-freeze/ Brent crude futures were up 81 cents at $34.20 a barrel by 09252 GMT, having fallen from an earlier peak of $35.55. Tue, 16 Feb 2016 11:15:21 GMT http://www.cnbcafrica.com/news/commodities/2016/02/16/oil-eases-highs-four-producers-agree-output-freeze/ S.A retailers' trading updates a mixed bag http://www.cnbcafrica.com/news/earnings/2016/01/14/sa-retailers-mixed-result/ Massmart full year trading update disappoints; Woolworths half-year pleases. Thu, 14 Jan 2016 11:43:29 GMT http://www.cnbcafrica.com/news/earnings/2016/01/14/sa-retailers-mixed-result/ The fall of the JSE's big five construction companies http://www.cnbcafrica.com/news/stocks/2015/11/26/the-fall-of-the-jses-big-five/ From 2007, the Big Five construction companies lost 79 per cent of their value. Thu, 26 Nov 2015 06:11:29 GMT http://www.cnbcafrica.com/news/stocks/2015/11/26/the-fall-of-the-jses-big-five/ SA rand plunges to record low http://www.cnbcafrica.com/news/currencies/2015/09/24/rand-plunges-to-record-low/ Nagging concerns over sluggish growth and China weigh rand down. Thu, 24 Sep 2015 14:42:40 GMT http://www.cnbcafrica.com/news/currencies/2015/09/24/rand-plunges-to-record-low/ Initial investment in Eni mega gas field in Egypt about $3.5 bln: EGAS http://www.cnbcafrica.com/news/commodities/2015/08/31/egypt-largest-gas-find/ Egypt said that the initial investment in a mega gas field discovered off its coast will amount to about $3.5 billion. Mon, 31 Aug 2015 15:48:56 GMT http://www.cnbcafrica.com/news/commodities/2015/08/31/egypt-largest-gas-find/ China data sends stocks to 2-year low, currencies suffer more http://www.cnbcafrica.com/news/stocks/2015/08/21/emerging-markets-china-fears-(1)/ Disappointing China factory data clobbered emerging market assets on Friday with stocks on track for their steepest weekly loss. Fri, 21 Aug 2015 16:01:02 GMT http://www.cnbcafrica.com/news/stocks/2015/08/21/emerging-markets-china-fears-(1)/ South Africa's The Foschini Group seeks growth in childrenswear http://www.cnbcafrica.com/news/southern-africa/2015/08/12/safricas-foshini-childrenswear/ S. African The Foschini Group (TFG) is planning two chains of stores aimed at children and seeking areas of growth in women's wear. Wed, 12 Aug 2015 17:56:38 GMT http://www.cnbcafrica.com/news/southern-africa/2015/08/12/safricas-foshini-childrenswear/ South Africa's Sappi Q3 profits fall on maintenance shutdowns http://www.cnbcafrica.com/news/earnings/2015/08/07/saffricas-sappi-q3-profits/ South African pulp and paper company Sappi posted a 89 percent fall in third-quarter earnings on Friday. Fri, 07 Aug 2015 09:14:00 GMT http://www.cnbcafrica.com/news/earnings/2015/08/07/saffricas-sappi-q3-profits/ South Africa's Sasol flags lower FY earnings on softer oil price http://www.cnbcafrica.com/news/earnings/2015/08/07/safricas-sasol-fy-earnings/ S.African petrochemicals company Sasol said on Friday it expected full-year profits to fall by up to 19 percent due to softer oil prices. Fri, 07 Aug 2015 09:07:42 GMT http://www.cnbcafrica.com/news/earnings/2015/08/07/safricas-sasol-fy-earnings/ South African insurer Liberty plans to spend millions on Nigerian deals http://www.cnbcafrica.com/news/earnings/2015/08/07/safricas-liberty-h1-profit/ South Africa's fourth-largest insurer Liberty Holdings reported a 6 percent increase in half-year profit on Friday. Fri, 07 Aug 2015 08:50:19 GMT http://www.cnbcafrica.com/news/earnings/2015/08/07/safricas-liberty-h1-profit/ Stronger U.S. growth lift Asian stocks in early trade http://www.cnbcafrica.com/news/stocks/2015/07/30/asian-shares-dollar-up/ Prospects of stronger U.S. growth in coming months lifted Asian stocks in early trade, with Japan's Nikkei up 1.1 percent. Thu, 30 Jul 2015 10:25:04 GMT http://www.cnbcafrica.com/news/stocks/2015/07/30/asian-shares-dollar-up/ Heineken, Diageo end joint ventures in South Africa, Namibia http://www.cnbcafrica.com/news/commodities/2015/07/28/heineken-end-joint/ Dutch brewer Heineken and spirits maker Diageo have agreed to end their 11-year cooperation in South Africa and Namibia. Tue, 28 Jul 2015 12:21:00 GMT http://www.cnbcafrica.com/news/commodities/2015/07/28/heineken-end-joint/ South Africa's June headline CPI quickens to 4.7 pct http://www.cnbcafrica.com/news/commodities/2015/07/22/south-africas-cpi-quickens/ South Africa's headline consumer inflation quickened to 4.7% year-on-year in June, well below expectations, compared to 4.6 percent in May. Wed, 22 Jul 2015 11:47:28 GMT http://www.cnbcafrica.com/news/commodities/2015/07/22/south-africas-cpi-quickens/ Asian shares wilt in shadow of Wall Street's earnings woes http://www.cnbcafrica.com/news/stocks/2015/07/22/asian-shares-wilt/ Asian stocks skidded on Wednesday after weak earnings dragged down U.S. equities. Wed, 22 Jul 2015 11:14:20 GMT http://www.cnbcafrica.com/news/stocks/2015/07/22/asian-shares-wilt/ South Africa's rand firms as commodity prices recover http://www.cnbcafrica.com/news/commodities/2015/07/21/south-africas-rand-firms-up/ South Africa's rand strengthened against the dollar on Tuesday supported by a recovery in commodity prices. Tue, 21 Jul 2015 16:58:55 GMT http://www.cnbcafrica.com/news/commodities/2015/07/21/south-africas-rand-firms-up/ Gold hits five-year low under $1100 on Chinese selling http://www.cnbcafrica.com/news/commodities/2015/07/20/gold-hits-five-year-low/ Gold prices plunged as much as 4 percent to their lowest in more than five years on Monday. Mon, 20 Jul 2015 14:55:43 GMT http://www.cnbcafrica.com/news/commodities/2015/07/20/gold-hits-five-year-low/ Euro sharply down as Greece crisis deepens, default looms http://www.cnbcafrica.com/news/stocks/2015/06/29/euro-greece-crisis-deepens-default/ Emerging market stocks are headed for the steepest drop in two years as Greece is strike a deal with lenders. Mon, 29 Jun 2015 07:02:04 GMT http://www.cnbcafrica.com/news/stocks/2015/06/29/euro-greece-crisis-deepens-default/ Omnia FY earnings inch up, mining woes a constraint http://www.cnbcafrica.com/news/earnings/2015/06/23/omnia-earnings-mining/ Omnia, reported a slight rise in year earnings on Tuesday. Tue, 23 Jun 2015 08:49:00 GMT http://www.cnbcafrica.com/news/earnings/2015/06/23/omnia-earnings-mining/ S.Africa's rand gains, supported by hopes of Greek breakthough http://www.cnbcafrica.com/news/currencies/2015/06/22/south-africa-rand-greek/ The rand inched close to a one-month high on Monday as hopes of a breakthrough in the Greek debt crisis supported emerging markets assets. Mon, 22 Jun 2015 10:06:44 GMT http://www.cnbcafrica.com/news/currencies/2015/06/22/south-africa-rand-greek/ Lewis aims to attract high-income consumers http://www.cnbcafrica.com/news/earnings/2015/05/27/south-africa-lewis-beares/ Lewis plans to use the business it bought from failed Ellerine Holdings to increase its appeal to customers from higher income groups. Wed, 27 May 2015 10:50:12 GMT http://www.cnbcafrica.com/news/earnings/2015/05/27/south-africa-lewis-beares/ Illovo Sugar's FY earnings not so sweet http://www.cnbcafrica.com/news/earnings/2015/05/25/south-africa-illovo-sugar-earnings/ Illovo Sugar said its full-year profit fell 8 per cent due to softer global prices. Mon, 25 May 2015 10:30:22 GMT http://www.cnbcafrica.com/news/earnings/2015/05/25/south-africa-illovo-sugar-earnings/ Tsogo Sun may list property unit separately, posts flat H1 profit http://www.cnbcafrica.com/news/earnings/2015/05/21/tsogo-sun-earnings-property/ Tsogo Sun is considering listing its property portfolio worth 30 billion rand separately. Thu, 21 May 2015 11:18:35 GMT http://www.cnbcafrica.com/news/earnings/2015/05/21/tsogo-sun-earnings-property/ Investec full-year profit up http://www.cnbcafrica.com/news/earnings/2015/05/21/investec-profit-earnings/ Investec reported a 10.2 per cent rise in full-year profit on Thursday. Thu, 21 May 2015 10:41:26 GMT http://www.cnbcafrica.com/news/earnings/2015/05/21/investec-profit-earnings/ Tiger Brands suffers losses in Nigeria following naira’s devaluation http://www.cnbcafrica.com/news/earnings/2015/05/20/tiger-brands-nigerias-naira-devaluation/ Tiger Brands suffered setbacks in its foreign businesses after operations in Nigeria were affected by devaluation of the naira. Wed, 20 May 2015 08:06:28 GMT http://www.cnbcafrica.com/news/earnings/2015/05/20/tiger-brands-nigerias-naira-devaluation/ Harmony Gold narrows quarterly loss http://www.cnbcafrica.com/news/earnings/2015/05/08/harmony-gold-quarterly-earnings/ South Africa's Harmony Gold on Friday narrowed its quarterly loss as job cuts helped offset lower gold output. Fri, 08 May 2015 09:35:41 GMT http://www.cnbcafrica.com/news/earnings/2015/05/08/harmony-gold-quarterly-earnings/