Business

Tue,28Mar2017

Business

Nestlé: “We invest continuously, good times or bad”

Kais Marzouki, NestléKais Marzouki is the Head of West and Central Africa for Nestlé. Despite tougher economic times in Africa, the company sees value in the continent.

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At least 17 firms express interest to operate Botswana national airline

Botswana has more than 30 state-owned enterprises in industries ranging from tourism and power to housing and finance.This 2016 photo is taken in Botswana's Okavango Delta, a popular tourist destination. Photo: Dean Fosdick/AP/SIPAAt least 17 companies have expressed an interest in operating Air Botswana as the government embarks on its latest drive to privatise loss-making state companies.

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Old Mutual break-up on track for 2018 despite UK tech issues

Trevor Manuel, seen here speaking at the G-20 Finance and Central Bank Governors Meeting in Busan, South Korea, 2010, has been appointed as Old Mutual's chairman of emerging markets business. Photo: Andy Wong/AP/SIPAOld Mutual is on track to complete its break-up into four parts by the end of 2018, although improvements to IT systems at its UK asset management unit could take longer and cost more than expected, the chief executive said on Thursday.

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Etisalat Nigeria in talks over missed payments on $1.2 bln loan

Etisalat main tower, located in down town Dubai, Tuesday Oct. 17, 2006, United Arab Emirates. Photo: KAMRAN JEBREILI/AP/SIPAAbu Dhabi-listed telecoms group Etisalat's Nigerian affiliate is in talks with local banks to renegotiate the terms of a $1.2 billion loan it took out four years ago to expand its network in the country after missed payments, a senior executive told Reuters.

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Cameroon considers two-year IMF aid programme to drive growth

Cameroon's President Paul Biya addresses the 71st session of the United Nations General Assembly, at U.N. headquarters, Thursday, Sept. 22, 2016. Photo: Richard Drew/AP/SIPACameroon and the International Monetary Fund are considering a two-year aid programme for the Central African country to deliver sustained and inclusive economic growth.

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EU border management agency to set up African base in Niger to tackle migration crisis

Migrants load trucks with their belongings after they arrived by ship in the port of Benghazi, Libya, April 24, 2011. Most of the evacuees were from Niger. Photo:Bernat Armangue/AP/SIPAEuropean Union (EU) border management agency, Frontex will set up a base in Niger later this year to step up its efforts to ensure fewer people get to European shores.

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South Africa's Sea Harvest to raise $100 mln in Johannesburg IPO

 In this photo taken on Saturday, May 16, 2015, a man loads Snoek fish onto a truck in Lambert’s Bay, South Africa. Photo: Schalk van Zuydam/AP/SIPASouth African fishing company Sea Harvest will raise as much as $100 million in a stock market flotation that values the company at 3.4 billion rand, it said on Monday.

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