Business

Sat,16Dec2017

Business

Tens of thousands dying from $30 billion fake drugs trade, WHO says

A chemist is seen working in a legitimate lab at a Cipla manufacturing unit, Mumbai, India, Feb 9, 2012. Photo: Rafiq Maqbool/AP/SIPAOne in 10 drugs sold in developing countries is fake or substandard, leading to tens of thousands of deaths, many of them of African children given ineffective treatments for pneumonia and malaria, health officials said on Tuesday.

Read more...

Egypt economy likely to remain unshaken by Sinai attack

 A dancer performs at the Red Sea resort city of Sharm el-Sheikh, Egypt, July 29, 2011.Tourism is not expected to be affected by the recent mosque attack. Photo: Adel Hana/AP/SIPAThe mosque attack in Egypt's Sinai may only strengthen the view that the country needs continued IMF support as agreed a year ago and the economy is likely to quickly shake off any negative repercussions, economists say.

Read more...

Investors undeterred by South Africa's tumble to junk "buying the dips"

A worker at the Stock Exchange in Johannesburg, South Africa uses his mobile phone, April 4, 2017. Photo:Denis farrell/AP/SIPASouth Africa has plunged deeper into "junk" ratings territory and its fiscal situation is worsening but some investors are undeterred, choosing to buy its bonds cheap and pocket one of highest yield premiums offered in emerging markets.

Read more...

Mnangagwa promises to govern for all in Zimbabwe

Zimbabwe's President Emmerson Mnangagwa speaks at the presidential inauguration ceremony in Harare, Zimbabwe, Nov. 24, 2017. Photo: Ben Curtis/AP/SIPAZimbabwe's new president Emmerson Mnangagwa laid out a grand vision on Friday (November 24) to revitalise the country's ravaged economy and vowed to rule on behalf of all the country's citizens.

Read more...

IMF credit to Chad delayed over Glencore oil debt

Negotiations are likely to be further delayed after President Idriss Deby sacked his Finance Minister Christian Georges Diguimbaye and the deputy. In this photo, President Deby is shown in N'Djamena, Chad, Wednesday, April 20, 2016. Photo: Andrew Harnik/AP/SIPAChad's stalled talks with Glencore on restructuring more than $1 billion in debt due to the trading firm has delayed the release of IMF funds for the struggling central African country until at least early next year, sources familiar with the matter said.

Read more...

How 'princess' of Angola lost her oil crown

Angola's current President Joao Lourenco, shows his ink-stained finger after casting his vote in Luanda, Angola, Wednesday, Aug. 23, 2017. Photo: Bruno Fonseca/AP/SIPAOn Oct. 6, with the dust still settling on Angola's first change of power in 38 years, new President João Lourenço sat down with international oil majors at the presidential palace in Luanda.

Read more...

Facebook to open Nigerian hub next year in African tech drive

Nigerians surrounded by warning signs about sending fraudulent e-mail wait to use the Internet in an Internet cafe in Lagos, Nigeria, July 17, 2005. Photo: SUNDAY ALAMBA/AP/SIPAFacebook will open a "community hub space" in Nigeria next year to encourage software developers and technology entrepreneurs and become the latest technology giant to pursue a training programme in fast-growing Africa.

Read more...

Subscriptions Digital EditionSubscriptions PrintEdition

FRONTLINE

NEWS

POLITICS

HEALTH

SPORTS

BUSINESS

SOCIETY

TECHNOLOGY

COLUMNISTS

Music & Film

SOAPBOX

Newsletters

Keep up to date with the latest from our network :

subscribe2

Connect with us