Business

Wed,18Oct2017

Business

China to lend Zambia over $280 million to improve telecoms

A man walks near a logo at a R&D center of Huawei Technologies Inc. in Wuhan, in central China's Hubei province. Photo: AP/SIPAChina will lend Zambia $282 million to improve the nation's telecommunications infrastructure and increase mobile phone usage over three years, the Chinese ambassador said on Friday.

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South Africa considering $1 billion bailout for national carrier

An SAA plane is parked at the end of the runway after returning to the airport in Cape Town, South Africa, June 17, 2006. Photo: CLARENCE MULLER/AP/SIPASouth Africa's Treasury is considering a $972 million bailout to keep South African Airways (SAA) going as it battles a mounting cash crunch, Finance Minister Malusi Gigaba said on Friday.

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Nigeria's state oil company signs deals with Chevron, Shell

In this May 15, 2017 photo, motorists pass a Chevron sign listing gas prices, in Miami Springs, Florida. Photo:Alan Diaz/AP/SIPANigeria's state oil company said on Thursday it had signed financing agreements with Chevron and Shell worth at least $780 million to boost crude production and reserves.

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Zimbabwe bans polystyrene food packs citing health risks

City council workers take part in a clean up campaign in Harare,July 2014.Photo: Tsvangirayi Mukwazhi/AP/SIPAZimbabwe has imposed a ban on foamed polystyrene, the packaging commonly used for take-out food in restaurants in the country, amid concern that the trays pose potential health risks.

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Diamond Bank to sell Francophone operations

Diamond Bank is to sell its subsidiary in Francophone Africa, Diamond Bank Benin, to Ivorian insurance group NSIA.Nigeria's Diamond Bank is to sell its only subsidiary in Francophone Africa, Diamond Bank Benin, to Ivorian insurance group NSIA, according to Jeune Afrique Business+, the business news platform of Jeune Afrique Media Group.

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Media Release: Bolloré Logistics in East Africa

 Bollore logistics RVBBolloré Logistics, leading integrated logistics network in East Africa.

As a leading logistics services provider in Africa, Bolloré Logistics, has developed a strong network in several East African countries. Due to an increase demand for consumer goods & services such as consumer retail, telecoms and soft commodities, many multinationals firms decided to entrust their supply chain management to Bolloré Logistics teams in East Africa acting as a trade facilitator in the region.

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'Chill', Kenya central bank tells shilling speculators as election nears

Jubilee Presidential candidate Uhuru Kenyatta, left, with his running mate William Ruto in Nairobi Kenya,May 29, 2017. Photo: Sayyid Abdul Azim/AP/SIPASpeculators against Kenya's shilling in the run-up to national elections should "chill", and a fall in its foreign exchange reserves is no cause for alarm, the head of its central bank said on Tuesday.

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