Business

Sun,25Jun2017

Business

ARM Cement says to boost its Kenya plant capacity in next 12-14 months

ARM Cement plans to expand grinding capacity at its one million tonne-a-year plant in Kenya by 50% over the next year to meet rising demand, its chief executive said.

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Chevron, Angola government in tax, investment talks

US energy company Chevron is in talks with the Angolan government and state oil firm Sonangol to revise tax terms and any future investment will hinge on those talks, a senior company official was quoted as saying on Wednesday.

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Ghana's President Akufo-Addo says economy is in a "bad way".

Ghanaian President Nana Akufo-Addo said in his first state of the nation address that the West African nation's economy was in a "bad way".

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South Africa's Gordhan sees difficult political year for ruling ANC

South African Finance Minister Pravin Gordhan said on Monday he sees a "difficult political year" for the ruling African National Congress (ANC) but that he saw "green shoots" of growth in an economy that is barely growing.

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South African banking shares under pressure after watchdog charges

Shares in South Africa's banking index extended losses on Monday as investors continued to digest the competition watchdog's recommendation that banks should be fined for rigging the rand currency.

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Traders profit from Nigeria’s appetite for grasshoppers.

Armed with lamps and bags, young men in Maiduguri, northern Nigeria are hunting grasshoppers. Catching the jumpy insects takes patience and skill.

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IMF may consider extending Ghana aid deal, says its Ghana country head

The International Monetary Fund (IMF) may consider extending its three-year aid deal with Ghana if the new government requests an extension, the Washington-based lender said on Wednesday.

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