Business

Wed,23Aug2017

Business

Kenya's Equity closes bank branches in war-torn South Sudan

In this 2016 photo, a UN armored personnel carrier stands in a camp for the internally-displaced in Juba, South Sudan. Photo: Jason Patinkin/AP/SIPAKenya's Equity Bank Group has closed more than half of its branches in war-ravaged South Sudan because of a mix of hyperinflation, a battered local currency and an economic slowdown, its chief executive officer said.

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Middle East rules hurts South Africa's Mediclinic earnings

24052017SouthAfricaSouth Africa's biggest private hospital group by market value, Mediclinic International, reported a 19% drop in underlying annual earnings on Wednesday, hurt by regulations in the Middle East that have now been changed.

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Kenyan medics say U.S. health aid cuts will mean more abortions

23052017KenyaPresident Donald Trump's dramatic expansion of a policy blocking U.S. aid to organizations offering abortion services will have one sure result, say medical workers in this city: more abortions.

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Kenya Airways' budget carrier plans international flights

22052017KenyaKenyan budget carrier Jambojet expects government approval this month to start flying to destinations outside the country, and will lease more planes to start the flights in the next two years, its chief executive said on Monday.

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IMF offers three-pillared prescription for African growth

22052017SenegalCountries in sub-Saharan Africa need to get their budgets in order, diversify their economies and look after their poorest people.

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Soldiers end mutiny over pay in Ivory Coast, threat of social unrest looms

Ex-French President Francois Hollande, left, speaks with Ivory Coast's president Alassane Ouattara March 15, 2017 in Paris. Photo: Stephane de Sakutin/AP/SIPALife is slowly returning to normal in Ivory Coast's second largest city Bouake, the epicentre of a recent army revolt, as trade resumed and businesses reopened.

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South Africa open to Iranian investment if new refinery goes ahead

An oil refinery is seen with Table Mountain in the background, Cape Town, South Africa, Feb 8, 2012. Photo: Schalk van Zuydam/AP/SIPASouth Africa, a net importer of refined oil products, is looking to West Africa and the Middle East, including Iran, for potential partners on a new refinery project, energy ministry officials said on Friday.

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