Business

Tue,16Jan2018

Business

'We can bring all these brands to the party': South African billionaire Christo Wiese reshuffles his empire

Dean Hutton/Bloomberg via Getty imagesAfter failing to merge major retailers Steinhoff and ShopRite last year, South African billionaire investor Christo Wiese is trying new ways to get the companies he has invested in to work closer together as they expand across the continent

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South Africa's Q3 GDP expands as agriculture soars

An electrical storm lights the night sky above crops on a farm near Groblersdal, South Africa, in this Dec. 19, 2006 file photo. Photo: DENIS FARRELL/AP/SIPASouth Africa's economy grew more than expected in the third quarter as the agricultural sector continued to recover from a severe drought while mining and manufacturing also improved, lifting hopes the country may avoid further credit downgrades.

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Agribusiness: Nigeria's food for thought, and for growth

Tyso Sadlo/OlamThe September launch of a feedmill by Olam, and announcements of new projects by Dangote Group, show investors are ready to commit to Nigeria’s diversification

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Poor regulation, dodgy pills spur plan for African drugs agency

Tablets of AIDS medicine Stavudine are seen at Aspen Pharmaceutical Research Laboratories in Port Elizabeth, South Africa, Aug. 29, 2002. Photo: JOHN MCCONNICO/AP/SIPALast July, Ugandan officials seized fake versions of the cancer drug Avastin on sale in Kampala, revealing only the tip of an iceberg of bogus medicines found all too often in Africa.

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Heineken to open $100 mln brewery in Mozambique in 2019

 In this Aug. 14, 2012 file photo,a worker unloads a truck delivering Heineken beer to a pub before its opening hours in Singapore. Photo: Wong Maye-E/AP/SIPAHeineken will open a $100 million brewery in Mozambique, its first production facility in the southern African nation, the brewer said on Monday.

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Tanzania restores power in parts of country after nationwide outage

 A Tanzanian shoe-shiner conducts his business in Dar es Salaam, Tanzania Tuesday, Oct. 27, 2015. Photo: Khalfan Said/AP/SIPATanzania's power utility said on Friday it had started to restore electricity to parts of the country after the East African nation was hit by a country-wide blackout on Thursday morning.

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IMF to send mission to Zimbabwe in coming days

A young girl is accompanied by supporters of President Mnangagwa, at his inauguration ceremony in Harare, Zimbabwe, Nov. 24, 2017. Photo: Ben Curtis/AP/SIPAThe International Monetary Fund will send a staff mission to Zimbabwe in coming days to meet with officials of the new government and assess the country's fiscal and economic situation, IMF spokesman Gerry Rice said on Thursday.

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