Business

Thu,23Nov2017

Business

Kenya PMI hits new low in Sept on political jitters, credit squeeze

Opposition protesters are teargassed by riot police as they ride on a truck in downtown Nairobi, Kenya, Sept. 26, 2017. Photo: Ben Curtis/AP/SIPAKenyan private-sector activity shrank in September at the fastest rate in at least three years on concerns over political uncertainty, a drought, and a credit squeeze due to a cap on commercial lending rates, a survey showed on Wednesday.

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AfDB to decide fate of $296 mln Ivorian Airbus purchase

A plane of Air Ivoire, from Ivory Coast on the ground at Marseille airport, France,Jan. 8, 2009.Photo:CLAUDE PARIS/AP/SIPAThe African Development Bank is expected on Wednesday to decide the fate of a $296 million financing package for Ivory Coast national airline Air Cote d'Ivoire's purchase of five new Airbus A320s, a bank document seen by Reuters showed.

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Nigeria hosts first ever beer festival

A group of Nigerian men drink beer at the Flexx Bush Bar and Lounge in  Kano, Nigeria, March 30, 2015. Photo: Ben Curtis/AP/SIPANigeria recently held its first ever beer festival in the commercial capital Lagos, an event aimed at promoting the country's top brews.

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Tullow shares rise on Ghana, Ivory Coast ocean boundary ruling

A man walk past Ghanaian flags flying at the independence square in Accra, June 8, 2015. Photo:Sunday Alamba/AP/SIPAShares in Tullow Oil Plc rose more than 8% on Monday after the Africa-focused oil explorer said it expects to resume drilling at its multi-billion dollar TEN deepwater oil and gas project after a court ruling favoured Ghana in an ocean border dispute with Ivory Coast.

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Egypt's Carbon Holdings aims to start building Tahrir petrochemicals project by June

Egypt first anniversary of launching the New Suez Canal and 60th anniversary of nationalizing Suez Canal in Ismailia, Egypt August 6, 2016. Photo: Egyptian P.O/Apimages/SIPAEgypt's Carbon Holdings aims to finalise funding and start building its massive Tahrir petrochemicals project by June, producing raw materials desperately needed to boost the country's industrial sector, its chief executive told Reuters.

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Cost cuts help Wal-Mart's South African arm Massmart

 Walmart sign on June 1, 2017, in Hialeah Gardens, Florida, USA. Photo: Alan Diaz/AP/SIPAMassmart Holdings Ltd, the South African arm of Wal-Mart, reported a small rise in half-year earnings on Thursday, helped by cost cuts as cash-strapped shoppers spent warily.

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Ghana, Equatorial Guinea presidents to sign LNG deal

Ghana President Nana Akufo-Addo speaks during his inauguration ceremony in Accra, Ghana, Jan. 7, 2017. Photo: AP/SIPAGhana's President Nana Akufo-Addo plans to sign an agreement to import liquefied natural gas (LNG) from Equatorial Guinea during his three-day visit to the Gulf of Guinea petroleum producer due to begin on Monday, his office said.

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