Business

Sat,30Apr2016

Business

Starbucks plans 150 stores in South Africa: CEO

U.S. coffee chain Starbucks plans to open up to 150 stores in South Africa, founder and chief executive Howard Schultz said on Friday.

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Ghana-Agriculture Peace, love and cocoa

Photo©ReutersWith the return to stability in Côte d'Ivoire cocoa smuggling is down, but that's not the only reason Ghana's producing less.

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Cote d'Ivoire: Global demand and smuggling push cashew prices

A man working in a cashew nut factory packs a container in Bissau, Guinea Bissau. File Photo© SCHALK VAN ZUYDAM/AP/SIPAHigh global demand for cashews is pushing up prices in Ivory Coast, the world's leading producer of the nut, where local exporters are battling with smugglers for supplies, farmers and exporters said on Friday.

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Zimbabwe central bank sued over failure to revive currency

Zimbabwe's central bank has been sued by a disgruntled citizen over its failure to revive the local currency that was abandoned almost seven years ago due to runaway inflation. 

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Africans investing in Africa

Leading the pack – from left to right: Gavin Dalgleish - ILLOVO, Ismaïl Douiri - ATTIJARIWAFA Bank, Ade Ayeyemi - ECOBANK, Tabitha Karanja - Keroche Breweries. Photo©Martin rhodes/Gallo Images/Getty Images; Attijariwafa; Guilhem Alandry Documentography for JA; Noor Khamis/ReutersAfter a day and a half of high-level discussions at an Africa investment conference, Arnold Ekpe, non-executive chairman of financial services holding firm Atlas Mara and former chief executive of Ecobank, sounds slightly exasperated. "African countries are not doing enough for themselves," he says. "I have been going to conferences like this for 20 years. We have to move from talk to action."

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Liberia: Africa's unknown tax haven with much to lose

Photo©Emrah/AP/SIPAAs world leaders consider what to do about the revelations emerging from the Panama Papers, Liberia's government will be worrying about the fall-out that may cross the Atlantic Ocean from the affair.

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Investment: Africa had record levels of private equity exits in 2015

African private equity firms cashed in on investments last year at the highest rate in almost a decade, with South Africa, Egypt, Nigeria and Kenya accounting for two-thirds of these exits.

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