NewsInternational

Sat,20Jan2018

International

Africa after the real Brexit

Photo©Svancara Petr/AP/SIPAAs Britain chose to leave the European Union, sending shock waves through the global markets, experts remain uncertain on how this would impact African economies. Trade and investment would certainly be affected as most of the trade arrangements the UK has with African countries were negotiated through the EU.

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African countries threaten UN Security Council pull-out

Photo© Rick Bajornas/AP/SIPAAfrican countries are reportedly threatening to withdraw from the United Nations Security Council unless they are allocated a permanent seat.

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Steinhoff raises Poundland offer after hedge fund increases stake

Photo©Stefan Wermuth/ReutersSouth Africa's Steinhoff has improved the terms of its agreed takeover of British discount retailer Poundland, saying its 610.4 million pound ($794.6 million) offer is final.

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Texas man sentenced to 25 years for abusing orphan boys in Malawi

Photo©Seth Perlman/AP/SIPAA Texas man who managed an orphanage in Malawi was sentenced on Tuesday in federal court to 25 years in prison for sexually abusing children in his care, U.S. prosecutors said.

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South Africa's Steinhoff springs a surprise with $3.8bn US Mattress Firm deal

Photo©Karel Navarro/AP/SIPASteinhoff's $3.8 billion purchase of debt-laden Mattress Firm, the largest U.S. specialty bedding vendor, will help cut its exposure to a weak home market and gain a big presence in the world's biggest retail market.

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Telecoms: Skype no more

Illustration©Adria FruitosMorocco is the latest African government to ban free internet calling services, riling consumers, who say traditional calling is too expensive.

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