Archive In BusinessRead the latest news for Business in Africa

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  General

  WEF: What Really Is The New Global Context? The World Economic Forum (WEF) ended on Saturday after creating lots of buzz and talking points.
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  Investors

  Nigeria’s Access Bank Commences $275m Rights Issue. Nigerian lender, Access Bank has, today, commenced the marketing of its rights issue with the aim of raising $275.10 million (N52.6 billion) to invest in infrastructure and boost lending.
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  Economic Development & Policies

  Zambia’s New President Shows No Shift From Controversial Policies With Retainment of Finance Minister. Zambia’s new President Edgar Lungu on Monday retained Finance Minister Alexander Chikwanda, signalling his continuance of the policies of late President Michael Sata, whose death necessitated the election that has brought the former justice minister...
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  Strategies & Solutions

  This Phenomenon Is Shaking Financial Markets All Over The World. The European Central Bank (ECB) recently just launched this programme, years after the United States successfully implemented its version.
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  Energy

  Power Utility Eskom Kicks-Off Load Shedding In South Africa. South Africa’s troubled power utility, Eskom, confirmed on Monday that it had executed load shedding (power cuts) at 11am and will continue with the rolling blackouts until 10pm tonight. Eskom attributed this load shedding to demand...
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  Intelligent Investing

  Tony Elumelu Says Democracy Is Good For Business. As Nigerians head to the polls to vote in a new government in less than a fortnight from now, there are various economic challenges that await the country’s newly elected officials.
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  Energy

  Aggreko Extends 200MW Ivory Coast Power Project By 3yrs. Aggreko Plc, a leading provider of temporary power and temperature control services, has announced a three year contract extension to its 200MW gas-fired power project in Ivory Coast, with an option to extend this by a...
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  Telecommunication

  Vodacom To Connect 250,000 South African Households To Fibre Broadband. Vodacom, South Africa’s largest mobile phone operator, is poised to connect 250,000 South African households and firms to fibre broadband in the next 36 months, it said on Monday.
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  Mining & Construction

  Minelab Launches $2m Trading Facility In Dubai. Minelab, a global leader in gold detection technology, has announced the official opening of its Minelab MEA General Trading LLC facility in Dubai.
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  M & A

  Old Mutual Increases Stake In Kenyan Insurance Giant To 60%. JSE-listed financial services firm, Old Mutual, on Monday said it had acquired a further 37.3 percent in Kenya’s insurance giant, UAP, for an undisclosed amount.