Business

Thu,20Sep2018

Business

Kenyan bank KCB could seek partner in Ethiopia as country opens up

city scene of Addis Ababa. Photo: Mulugeta Ayene/AP/SIPAKCB Group, Kenya's biggest bank by assets, will look at partnering with a local bank in Ethiopia, where a potential liberalisation of foreign investment rules could open up a market of 100 million people.

Read more...

Old Mutual appoints Deloitte as joint auditor in a blow to scandal-hit KPMG

In this photo taken in September 2010 Atul Gupta is seen outside magistrates courts in Johannesburg. Photo: AP/SIPASouth African insurer Old Mutual has appointed Deloitte as joint auditor alongside scandal-hit KPMG, it said on Thursday, an unusual move reflecting what it said were unresolved challenges related to its sole auditor for nearly two decades.

Read more...

Tunisia tourism revenues jump as Europeans return

Tourists enjoy on the beach of the Tunisian hotel where foreign tourists were massacred in 2015, as it reopens Tuesday May 2, 2017 in Sousse. Photos; Sami Toukef/AP/SIPATunisia's tourism revenues grew by 40 percent in the first half of 2018 compared to the same period last year, the government said Thursday, driven by a strong return of European tourists three years after they were targetted in militant attacks.

Read more...

Barclays Africa returns to its South African roots with Absa rebranding

Maria Ramos listens to questions during a media conference at the World Economic Forum in Davos, Switzerland on Wednesday Jan. 28, 2009. Photo: Virginia Mayo/AP/SIPABarclays Africa changed its name back to Absa on Wednesday, in a rebranding aimed at underlining its South African roots as Britain's Barclays gradually retreats from Africa.

Read more...

Illegal ivory trade seen booming in the EU

 

80 pieces of illegal ivory tested as part of an Avaaz study are displayed in front of the EU Commission, together with a life-sized model of an elephant, to call for a ban on the ivory trade in Europe on Tuesday, July 10, 2018, in Brussels. Photo: Olivier Matthys/AP/SIPAIn spite of a ban, illegal ivory trading is still flourishing in the European Union, as traders use a loophole allowing for the exchange of antique pieces. 

Read more...

McKinsey's new boss apologises to S.Africans over corruption scandal

In this photo taken in September 2010 Atul Gupta is seen outside magistrates courts in Johannesburg. Photo: AP/SIPAMcKinsey's new global head will today apologise to South Africans for work the firm did with friends of scandal-plagued former president Jacob Zuma, an ill-fated deal that tarnished the reputation of the world's biggest consultancy.

Read more...

Djibouti commissions $3.5 bln Chinese-built free trade zone

Djibouti's President Ismail Omar Guelleh, center, arrives for a round table event at an EU Africa summit in Abidjan, Ivory Coast on Wednesday, Nov. 29, 2017. Photo: Geert Vanden Wijngaert/AP/SIPADjibouti commissioned a $3.5 billion, Chinese-built free trade zone on Thursday, deepening ties with the Asian giant and helping the Horn of Africa nation generate more jobs for its youths.

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