Business

Sun,26Jun2016

Business

Ethiopia and Kenya in oil pipeline deal

File photo©Peter Komka/AP/SIPAEthiopia and Kenya have signed a deal to construct a crude oil pipeline to run from Lamu, a coastal town, to Ethiopian capital, Addis Ababa.

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Nigeria government endorses GMOs despite of stiff resistance

File photo©Matthew Thayer/AP/SIPAThe Nigerian government has approved the use of genetically modified (GMO) products like cotton and maize despite the safety concerns raised and opposition to the move.

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South Africa's Steinhoff says Poundland board declines offer proposal

South African furniture retailer Steinhoff International said on Friday Britain's Poundland's board had rejected a proposal about a possible cash offer.

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Investment: Brexit triggers gold rush

Photo©ReutersGold soared as much as 8 percent to its highest in more than two years on Friday after Britain delivered a shock vote to leave the European Union, leaving investors to scurry for protection in the precious metal and other assets perceived as less risky.

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South Africa's union threatens to strike over SABMiller scheme

File photo©Andy Wong/AP/SIPASouth Africa's Food and Allied Workers Union (Fawu) said on Thursday it will strike and may take legal action if no agreement is reached with brewer Anheuser-Busch InBev on SABMiller's plan to give blacks a larger role in the business.

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Zimbabwe to import 250,000 tonnes of maize from Mexico

Photo©ReutersDrought-hit Zimbabwean will import more than 250,000 tonnes of maize from Mexico to fill the shortfall caused by the severe drought sweeping through the southern Africa, the agriculture minister said on Thursday.

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Ghana records 4.9% economic growth in first quarter

Photo©ReutersGhana's economy grew by 4.9 percent in the first quarter of this year as it showed some improvement from the 2015 figures, the country's statistical office said on Wednesday.

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