Business

Mon,11Dec2017

Business

South Africa to woo investors at IMF meetings

Malusi Gigaba at a news conference in Pretoria, South Africa, March 31, 2017. Photo: AP/SIPASouth Africa's Finance Minister Malusi Gigaba and central bank governor Lesetja Kganyago head to Washington this weekend to meet ratings agencies and international investors in a bid to boost growth in an economy that is emerging from recession.

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Sub-Saharan Africa to grow at a slower rate this year, World Bank says

Pedestrians shop at a busy Balogun Market in Lagos, Nigeria, Sept. 5, 2017. Photo: Sunday Alamba/AP/SIPAEconomic growth in sub-Saharan Africa is expected to be 2.4 percent in 2017, the World Bank said on Wednesday, down from the 2.6 percent projected in April.

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Scandal-hit KPMG South Africa vows reforms, loses another client

Logo of KPMG pictured in Berlin, Germany, June 22, 2017. Photo: Michael Sohn/AP/SIPASouth African waste management company Interwaste fired KPMG as its auditor on Thursday, dealing another blow to the accounting firm ensnared in a scandal involving business friends of President Jacob Zuma.

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Kenya PMI hits new low in Sept on political jitters, credit squeeze

Opposition protesters are teargassed by riot police as they ride on a truck in downtown Nairobi, Kenya, Sept. 26, 2017. Photo: Ben Curtis/AP/SIPAKenyan private-sector activity shrank in September at the fastest rate in at least three years on concerns over political uncertainty, a drought, and a credit squeeze due to a cap on commercial lending rates, a survey showed on Wednesday.

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AfDB to decide fate of $296 mln Ivorian Airbus purchase

A plane of Air Ivoire, from Ivory Coast on the ground at Marseille airport, France,Jan. 8, 2009.Photo:CLAUDE PARIS/AP/SIPAThe African Development Bank is expected on Wednesday to decide the fate of a $296 million financing package for Ivory Coast national airline Air Cote d'Ivoire's purchase of five new Airbus A320s, a bank document seen by Reuters showed.

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Nigeria hosts first ever beer festival

A group of Nigerian men drink beer at the Flexx Bush Bar and Lounge in  Kano, Nigeria, March 30, 2015. Photo: Ben Curtis/AP/SIPANigeria recently held its first ever beer festival in the commercial capital Lagos, an event aimed at promoting the country's top brews.

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Tullow shares rise on Ghana, Ivory Coast ocean boundary ruling

A man walk past Ghanaian flags flying at the independence square in Accra, June 8, 2015. Photo:Sunday Alamba/AP/SIPAShares in Tullow Oil Plc rose more than 8% on Monday after the Africa-focused oil explorer said it expects to resume drilling at its multi-billion dollar TEN deepwater oil and gas project after a court ruling favoured Ghana in an ocean border dispute with Ivory Coast.

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