Archive In BusinessRead the latest news for Business in Africa

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  Economic Development & Policies

  CRG Enters Into Non-Binding MOU With Chinese Firm. JSE-listed gold miner, Central Rand Gold (CRG), on Friday said it had entered into a non-binding Memorandum of Understanding (MOU) with Beijing’s Ankong Investment (Ankong), a wholly-owned subsidiary of Phoenix Tree Investment Group (Phoenix Tree).
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  Real Estate

  Africans Need An Address. “The whole object of travel is not to set foot on foreign land; it is at last to set foot on one’s country as a foreign land.” – C.K.
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  Management

  African Entrepreneurs Need More Right-Brained Thinking. Neuroscience has evolved over the past decades into a field that is far more technical, yet producing valuable insights about the human nervous system that can shape most other fields.
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  Retail & Manufacturing

  Naspers To Sell Swiss Subsidiary To Fund Emerging Markets Expansion. E-commerce conglomerate, Naspers, is turning its focus towards fast-growing emerging markets, as it continues to seek growth markets to boost expansion plans.
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  Energy

  Chevron To Reduce Gas Flaring By 98% In 2015. Oil multinational, Chevron Nigeria Limited (CNL) and its partner, Nigerian National Petroleum Corporation (NNPC), have revealed that ongoing efforts to reduce gas flaring are yielding significant dividends.
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  M & A

  Britam Acquires Real Insurance For $15.7m. Nairobi Stock Exchange listed financial services group, British-American Investments Company (Britam), has acquired majority shares in insurance giant, Real Insurance Tanzania, Malawi and Mozambique for $15.74 million.
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  M & A

  Abraaj Returns With Fresh Bid For Bisco, Tops Kellogg’s Offer. UAE-based private equity company, Abraaj Group, has placed a second bid for Egyptian sweet snack maker, Bisco Misr, raising its initial bid of LE73.91 ($) to LE79.1 ($11.06).
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  Management

  SME Heroes: Kampke.com Plans To Challenge Africa’s Ecommerce Status Quo. Since the mobile boom, and the subsequent smartphone and broadband penetration began in Africa just over a decade ago, a new wave of businesses have surfaced on the continent.
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  Finance

  Dangote’s Flour Business Posts $34m Loss. Dangote Flour Mills Plc has reported a loss after tax of N6.1 billion ($34.3 million) for the year ended September 30, 2014, as the company faces stiffer competition.
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  M & A

  Diamond Bank Says $310m Rights Issue Fully Subscribed . Nigerian top tier lender, Diamond Bank, has announced that its $310 million rights issue recorded a 100 percent subscription, in what industry analysts say is a good news for the bank.