South Africa’s Spar Group reports slip in H1 profit

Nqobile Dludla | JOHANNESBURG South African retailer and wholesaler Spar Group on Wednesday reported a small fall in half-year earnings per share after issuing shares...

South African insurer MMI in lending, sales deal with African Bank

South African life insurer MMI Holdings said it will start offering loans and take deposits as part of a deal with lender African Bank.

Egypt – Food subsidies doubled, salaries and pensions raised while Egyptians benefit from tax...

President Abdel Fattah Al-Sisi, on June 21, announced a number of measures to be undertaken to strengthen social safety nets and protect the poor...

As cities get smarter, hackers become more dangerous: This could stop them

In 2016 alone, cyber-crime cost the global economy more than $450 billion and over two billion personal records were stolen, according to the chief executive of specialist insurer Hiscox

Marcel von Aulock quits Tsogo Sun

Marcel von Aulock has resigned as executive director of Tsogo Sun effective 1 June 2017 and from his employment with the hospitality group with effect...

Botswana power utility invites bids to build 100 MW solar plant

Botswana's state-owned power utility has invited bids to build a 100 megawatt (MW) solar power plant.

Shell Nigeria considering investment in gas project in Niger Delta

Shell is considering whether to invest in a gas project in Nigeria's southern Niger Delta energy hub.

Elon Musk is leaving presidential councils over withdrawal from Paris accord

Elon Musk said Thursday he will leave his positions on three presidential councils after Trump said the U.S. will leave the Paris Agreement.

DRC hikes key rate to 20% to stabilise franc: central bank

Democratic Republic of Congo raised its key interest rate to 20 percent from 14 percent on Monday as it sought to stabilise its volatile...

Facebook is planning to move WhatsApp off IBM’s public cloud, source says

Facebook is planning to move off of IBM's cloud and into Facebook's own data centers.

Bitcoin vaults to new record

The digital currency bitcoin vaulted to a new record high above $4000 on Saturday, boosted by strong Japanese demand on its way to multiplying its value fourfold this year.

Sony’s PlayStation VR headset sales top 1 million units

Sony Corp has sold more than one million units of its virtual reality (VR) headset globally.

DRC delays Inga 3 hydro project to 2024/25

Democratic Republic of Congo said late on Monday that its Inga 3 hydroelectric project is not expected to begin producing power until 2024 or...
Barclays Bank Kenya Q1 2014 pretax profit up 16 pct

Barclays makes early African exit with $2.8 billion share sale

Barclays will sell shares worth 1.5 billion pounds ($1.94 billion) in Barclays Africa Group.

Senegal Air orders two ATR aircraft in 50 mln euro deal -ministry

Senegal Air SA has ordered two ATR 72-600 aircraft in a 50 million euro ($56 million) deal as the new flagship carrier seeks to...

Construction firm chases oil taxes, royalties in $1BN Congo debt row

Construction firm Commisimpex has gone to a French court in its fight with the Congo Republic over what it says are more than $1...

Hyatt to double its Africa presence, open six hotels by 2020

Hyatt Hotels & Resorts will open six new hotels in Africa by 2020, the company said in a news release on Tuesday, underscoring the...

Elliott to court BHP’s Australian shareholders on overhaul say sources

Elliott Management will meet with BHP Billiton's Australian shareholders this week as the activist investor pushes for strategic changes at the world's biggest miner, two sources familiar with the matter said on Monday.

Huawei will leapfrog Apple and HP to lead the PC market in five years,...

Huawei will become the top personal computer maker in the world in three to five years.

French President Macron to travel to Africa on Friday – source

President Emmanuel Macron will visit French troops in Africa on Friday, a source close to the new leader said on Tuesday.