Business

Sat,21Jul2018

Business

Coca-Cola Co's Africa distributor to invest $100 mln in Kenya over next 5 years

A kiosk is seen on a street corner in Nairobi, Monday, May 28, 2007. On thousands of street corners across Africa, tiny wooden kiosks peddle everything from mobile phone cards to glass bottles of Coca-Cola. Photo: SAYYID AZIM/AP/SIPACoca-Cola Beverages Africa (CCBA), the continent’s largest soft drinks bottler, said on Wednesday it would invest $100 million in Kenya over the next five years to improve infrastructure and launch new products.

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S.Africa's SPAR Group eyes Sri Lanka expansion amid challenges at home

30052018SouthAfricaSouth African retailer and wholesaler SPAR Group Ltd plans to open two more stores in Sri Lanka, it said on Wednesday, after warning that fuel price hikes and currency weakness could affect its home market.

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Nigeria: Stuck in a lending rut

 

photo: Pius Utomi/AFPNigeria’s gross domestic product is set to grow just 2.1% this year, in part due to commercial banks’ wariness about issuing loans to productive businesses in the private sector

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Uganda’s liberal yet unfair economy - Joseph Burite, East Africa correspondent

 

unnamedJoseph Burite, our East Africa correspondent, gives his opinion on  Uganda's economy

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BRICS development bank to expand lending to private sector

A boy with his head shaved looks at the skylines in Pudong, China's financial and commercial hub, in Shanghai, China, Tuesday, Aug. 20, 2013. Photo: Eugene Hoshiko/AP/SIPAThe New Development Bank (NDB), set up by the BRICS group of major emerging economies, wants loans to the private sector to eventually take up a 30% share of its project portfolio, a senior executive at the bank said on Tuesday.

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Kenya finance bill would emasculate central bank -bank governor

Kenya's President Uhuru Kenyatta, center, attends a ceremony to mark Jamhuri (Republic) Day at Kasarani stadium on the outskirts of Nairobi, Kenya, Tuesday, Dec. 12, 2017. Photo: Brian Inganga/AP/SIPAKenya's central bank will be emasculated if a draft bill that aims to regulate the conduct of financial institutions becomes law, bank Governor Patrick Njoroge said on Tuesday.

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South African sugar maker Tongaat eyes Angola for growth

Matt Rourke/AP/SIPA

Tongaat Hulett aims to expand its business in Angola and other African nations that rely on sugar imports, in line with a strategy to bulk up in the central and southern region of the continent, the company said on Monday.

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