Business

Mon,21Aug2017

Business

S.Africa's Sibanye says $1 bln rights issue oversubscribed

Sibanye Gold CEO Neal Froneman, left, and Chairman Sello Moloko, center, ring the closing bell at the NY Stock Exchange, Feb 2013. Photo: Mary Altaffer/AP/SIPASibanye Gold's $1 billion rights issue, aimed at raising capital to help fund its acquisition of U.S. platinum producer Stillwater, was oversubscribed by almost five-fold, the company said on Monday.

Read more...

Nigeria's presidency to sign 2017 budget into law next week

 Nigeria's President Muhammadu Buhari, left, and Vice President Yemi Osinbajo, right, at the presidential palace in Abuja, Nigeria,March 13, 2017. Photo: Sunday Aghaeze/AP/SIPANigeria's presidency is expected to sign the 2017 budget into law next week, the speaker of the lower chamber of parliament said on Friday, in an effort to pull Africa's biggest economy out of its first recession in 25 years.

Read more...

Allianz shakes up African operations

09062017allianzThe world's largest insurance company, Germany-based Allianz, is in the midst of a major overhaul of its African operations.

Read more...

Kenya's purple shoots of progress

rsz purple tea

As a drought wreaks havoc on agricultural output across the country, Kenya is trying to boost production of drought-resistant crops like purple tea.

Read more...

Libya's Sharara oil field reopens after strike: National Oil Corp

In this 2011 photo, a Libyan oil worker, works at a refinery in Brega, eastern Libya. Photo: Hussein Malla/AP/SIPALibya's major Sharara oil field has reopened after a workers' protest and should return to normal production within three days, the National Oil Corporation said in a statement early on Friday.

Read more...

Nigerian aims to revolutionize reading in Africa with e-books platform

 A model holds an e-book reader. Photo: Kathy Willens/AP/SIPAOkechukwu Ofili is an entrepreneur in Nigeria investing in digital technology to get more people to read books.

Read more...

Kenya to convert $243 mln debt in Kenya Airways into equity

Two men walk next to the ocean on Lamu Island, a popular tourist destination off the coast of Kenya. Photo: Ben Curtis/AP/SIPAKenya will convert its $243 million in loans to Kenya Airways into equity, the government has said, as part of a broader restructuring to nurse the ailing airline back to financial health.

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