Business

Fri,22Jun2018

Business

Barclays Africa fires KPMG as auditor

 Photo: Seth Wenig/AP/SIPABarclays Africa Group, South Africa's second-biggest lender by market value, dropped KPMG as its joint auditor on Thursday, joining a host of local clients breaking ties with a company caught up in scandals.

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U.N. appeals to support Somali's renewable energy initiative

A woman sells coal in Mogadiahu Photo: Farah Abdi Warsameh/AP/SIPASomalia is taking new steps to invest in renewable energy sources after years of conflict have led to serious depletion of the country's natural resources.

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Former Liberian President Ellen Johnson Sirleaf receives Africa leadership award

Ex President of Liberia, Ellen Johnson-Sirleaf addresses the 72nd session of the United Nations General Assembly, at U.N. headquarters, Sept. 19, 2017. Photo: Richard Drew/AP/SIPAFormer Liberian President Ellen Johnson Sirleaf accepted the 2017 Mo Ibrahim Prize for Achievement in African Leadership at a special Leadership Ceremony in Kigali, Rwanda on Friday (April 27).

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World Bank approves $180 mln loan guarantee for Kenya's energy sector

A resident of the Kibera slum in Nairobi, Kenya lights a stove using bio-gas on Friday July 25, 2008. Photo: KHALIL SENOSI/AP/SIPAThe World Bank approved a $180 million loan guarantee on Monday for Kenya Electricity Generation Company to help strengthen the financial position of the state-run company, which produces more than 70% of the country's electricity.

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South African Airways says it needs capital injection "now"

 Ruling party supporters wave for a South African Airways Airbus flyby during the inauguration of the Union Building in Pretoria, South Africa, Saturday, May 24, 2014.Photo: Themba Hadebe/AP/SIPASouth African Airways (SAA) needs a new capital injection "now" to stay afloat and is in discussions with banks and the National Treasury for "an open credit line", its chief executive said on Tuesday.

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Ivory Coast minister views local processing as crucial to sector

May 31, 2011:  farmer Alidou Ouedraogo arranges drying cocoa beans as he prepares to cover them for the night, near Duekoue, Ivory Coast. Ivory Coast.Photo:  AP Photo/Rebecca Blackwell, Boosting cocoa processing in Ivory Coast is central to improving the sustainability of the country's cocoa sector, the top grower's trade minister Souleymane Diarrassouba said.

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Congo Republic says it has met criteria for an IMF deal

 International Monetary Fund Managing Director Christine Lagarde speaks  during the World Bank/IMF Spring Meetings, in Washington, April 19, 2018. Photo: Jose Luis Magana)Congo Republic said on Friday it fulfilled the criteria for a deal with the International Monetary Fund (IMF) and had reached an agreement on a three-year programme aimed at turning around its debt-crippled economy.

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