Business

Sun,02Aug2015

Business

South African unions divided over gold producers' wage offer

Photo©ReutersUnions at South African gold producers are divided over whether to accept a final wage offer and avert the kind of prolonged strike that affected the platinum sector last year.

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Ecobank working to restructure loans to Nigerian states

Ecobank is working on a plan to restructure loans to Nigerian states, the pan-African lender said on Friday.

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Kenyan inflation falls unexpectedly in July on lower food prices

Photo©ReutersA fall in Kenyan food prices pushed inflation lower in July, official data showed on Friday, defying market expectations which forecast a slight increase in the cost of living.

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Aviation: Private Tunisian airline Syphax suspends operations

Photo©FlySyphax.comTunisia's Syphax has temporarily halted all flights, it said, citing a decision by the International Air Transport Association (IATA) to suspend all activity with the airline.

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Zambia: Plan to cut power supply to mines delayed after job loss threat

Photo©ReutersZambia's power supplier Copperbelt Energy Corp. (CEC) has delayed a plan to reduce electricity to mines after mining firms warned they would have to close processing plants and shed jobs, industry sources said on Friday.

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A new canal for a new Egyptian economy

Completed in just a year, Al-Sisi’s grand projet is a publicity coup for Egypt. Photo©Pan Chaoyue/Xinhua/CorbisThe deeper, wider Suez Canal that will open on 6 August is the basis for a new special economic zone that could one day represent a third of the country's economy.

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Kenya Airways says tourism slump may have bottomed out

Photo©ReutersKenya Airways sunk deeper into the red in the year through March, sending its shares plummeting on Thursday, but CEO Mbuvi Ngunze said the tourism slump that sparked the losses may have bottomed out.

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