Archive In BusinessRead the latest news for Business in Africa

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  Finance

  Platinum Miner Amplats Records 46% Drop In Profit. JSE-listed platinum miner, Anglo American Platinum (Amplats), has announced a 46 percent fall in annual profit. This drop, according to the firm, is triggered by falling oil prices and the South African mining strikes.
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  Retail & Manufacturing

  French Retailer Carrefour Plans Kenya Entry. French multinational retailer, Carrefour, is looking for managers to run its local operations in Kenya, a move that signalled its imminent entry into the country.
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  Mining & Construction

  India’s CIL Dumps Coal Mining Project In Mozambique. Indian mining company, Coal India Ltd (CIL), had abandoned a Mozambique coal mining project after citing poor quality of coal on the site.
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  Finance

  Angola Spends $160m In One Week To Stabilize Falling Currency. Angola’s Central bank last week sold $160 million in foreign currency to defend the Kwanza, the country’s Press Agency reported on Monday.
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  Finance

  World Cup: Cricket South Africa Announce $3.8m Triumph Prize. The Proteas, South Africa’s national cricket team will bag $3.8 million if they emerge as champions of the 2015 Cricket World Cup.
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  Mining & Construction

  Canadian Miner Secures Permit For Burkina Faso Gold Project. Canadian gold mining company, Endeavour Mining, has received the final mining permit needed to develop and operate the Houndé gold project in Burkina Faso.
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  Retail & Manufacturing

  South Africa Lagging Behind Global Peers In E-commerce. South Africa’s online shopping has lagged behind those of the country’s international peers, failing to meet consumers’ online demands, it has emerged.
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  Strategies & Solutions

  How PUMA Is Winning The Sportswear Battle In Africa. Across the world, football teams have become increasingly lucrative entities given the passionate support fans across the world have for the sport.
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  Economic Development & Policies

  Zimbabwe To Spend $20m On Rehabilitating Infrastructure. The Zimbabwe Electricity Transmission and Distribution Company (ZETDC) has disclosed plans to spend some $20 million under the second phase of its key infrastructure rehabilitation programme.
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  AgriBusiness

  Africa’s Continued Prosperity May Lie In The Blue Economy. Africa’s explosive economic boost in the past decade rode heavily on commodities as it fuelled the world with diverse mineral resources, the very raw materials required to drive the engines of innovation and progress around...