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Africa Business

Africa Business Headlines aggregated from diverse sources across the web, including local newspapers.

  • Africa: Most Big Companies Failing UN Human Rights Test, Ranking Shows
    on 13/11/2018 at 17:16

    [Thomson Reuters Foundation] London -Most big companies operating in sectors at high risk of labour abuses are failing to meet human rights standards set by the United Nations, according to an analysis of 100 major companies published on Monday. […]

  • South Africa: 'Hopelessly Insolvent' VBS to Be Liquidated
    on 13/11/2018 at 14:41

    [Daily Maverick] It took only minutes for the North Gauteng High Court to approve the liquidation of VBS Mutual Bank on Tuesday. Despite the debate over whether it should be rescued, the Reserve Bank's application was unopposed. […]

  • Africa: 6 Steps to Becoming an Entrepreneur, Your Own Boss
    on 13/11/2018 at 14:23

    [The Exchange] Most people dream of being a boss and some want to be their own bosses. […]

  • Kenya: Nairobi's Public Transport Fares Up by 33%
    on 13/11/2018 at 14:11

    [Capital FM] Nairobi -Normalcy has resumed in Nairobi's public transportation a day after an acute Public Service Vehicles (PSVs) shortage caused a major crisis forcing most city residents to either trek long distances to work or pay hiked fares. […]

  • Nigeria: Maggi Commercial Raises Questions On Gender Roles in Nigeria
    on 13/11/2018 at 13:55

    [This is Africa] How important are television commercials in shaping the society, to debunk or entrench stereotypes? Maggi's latest commercial has been the topic of debate in Nigeria, with many referring to the commercial as being misogynistic. […]

  • Africa: Continent's Longest Suspension Bridge - At What Cost to Mozambicans?
    on 13/11/2018 at 13:50

    [This is Africa] China's massive investment on the continent continues with the opening of Africa's longest suspension bridge in Maputo, Mozambique. Among other improvements, the 3km-long bridge will reduce travel time between Maputo and KwaZulu-Natal from six hours to 90 minutes. But it comes at a cost to locals. […]

  • Tanzania: TADB 'Ready' to Implement Magufuli Directive
    on 13/11/2018 at 13:07

    [Citizen] A number of stakeholders reacted to President John Magufuli's order that the government would buy cashew nuts from farmers with the Tanzania Agriculture Development Bank (TADB) acting managing director, Mr Japhet Justine, saying the matter was within its capability. […]

  • Tanzania: Unions Voice Uncertainty After Order on Eductions
    on 13/11/2018 at 12:48

    [Citizen] Cashew nuts unions signalled feelings of apprehension yesterday following President John Magufuli's directive that monies that farmers will receive should not be deducted. During a swearing in ceremony of the newly appointed ministers and deputy ministers, which took place at the State House yesterday, President Magufuli warned against the deduction, directing that the farmers have to be paid in full and if there extra charges, they will be directed to pay after receiving their payments. […]

  • Tanzania: Magufuli Issues Tough Directives on Cashew Nuts
    on 13/11/2018 at 12:44

    [Citizen] The government will now be fully in charge of cashews business, with the army given the responsibility of buying and also processing the produce in Lindi and Mtwara regions. […]

  • Tanzania: Dealers Suffer After Government Decides to Buy Cashew Nuts
    on 13/11/2018 at 12:39

    [Citizen] Cashew nuts dealers have said the decision of President John Magufuli to order the government to purchase the crop has affected them financially because most of them are dependent on the crop to run their families. […]

  • Nigeria: CBN Cuts Bills On Wheat, Milk, Rice, Others to U.S.$698 Million
    on 13/11/2018 at 12:36

    [This Day] Dutse -The Central Bank of Nigeria (CBN) said it cut down bills on wheat, milk, rice, tomato and sugar in the past five years to $698.6 million. […]

  • Uganda: Why Uganda Airlines Will Have to Wait Even Longer to Take to the Skies
    on 13/11/2018 at 11:27

    [Monitor] Uganda Airlines will have to wait even longer to take to the skies after engine maker Rolls-Royce announced potential delays in delivery of their new Airbus A330eo aircraft. Another regional carrier, RwandAir, will have to wait too. […]

  • Zimbabwe: U.S.$4 Billion Platinum Project to Start
    on 13/11/2018 at 11:07

    [The Herald] Karo Resources yesterday said it will kick off activities on its $4,2 billion platinum investment project in Mhondoro-Ngezi in the next few weeks by carrying out geophysics, and flying over the area as part of the resource exploration and quantification programme. […]

  • Zimbabwe: Chinese Team Explores Business Opportunities
    on 13/11/2018 at 11:07

    [The Herald] A Chinese business delegation from Anhui Province is in the country to explore investment opportunities and will participate in a business forum to be hosted by the Ministry of Industry and Commerce in conjunction with the Chinese Embassy tomorrow. […]

  • Zimbabwe: Hwange Colliery Reconstruction Justified - Ziyambi
    on 13/11/2018 at 11:07

    [The Herald] Justice, Legal and Parliamentary Affairs Minister Ziyambi Ziyambi has said his decision to place Hwange Colliery Company under reconstruction was lawful as evidence that was placed before him satisfied the requirements of the law. […]

  • South Africa: High Court Orders Liquidation of VBS Bank
    on 13/11/2018 at 10:43

    [allAfrica] The North Gauteng High Court has ordered the liquidation of VBS Mutual Bank, eNCA reports. This comes after an application by the South African Reserve Bank's Prudential Authority on 29 October went unopposed and follows the release of the scathing "Great Bank Heist" report by advocate Terry Motau and Werksmans Attorneys. […]

  • Zimbabwe: Govt Seeks Bidders for National Airline Privatisation
    on 13/11/2018 at 10:21

    [New Zimbabwe] The government has invited investors to bid for the struggling national airline, Air Zimbabwe which went into administration in October this year. […]

  • Africa: Finance for Electricity Access Too Little, Too Dirty - Energy Body
    on 13/11/2018 at 10:12

    [Thomson Reuters Foundation] Barcelona -Finance to provide electric power to nearly 1 billion people who live without it is rising - but too slowly to meet a global goal to reach everyone by 2030, an international body said on Monday. […]

  • Kenya: Burundi, Kenya Fight Over Aircraft Deployment
    on 13/11/2018 at 09:48

    [Nation] A diplomatic row has erupted between Burundi and Kenya after Bujumbura demanded that Kenya Airways' low-cost partner, Jambojet, deploy a bigger aircraft with business class seats for flights to the central African nation. […]

  • Zimbabwe: Japan Extends U.S.$3.6 Million Grant for Cyber Security
    on 13/11/2018 at 09:30

    [New Zimbabwe] The Japanese government has extended a $3.6 million grant to Zimbabwe which will be used for the acquisition of cyber security equipment. […]

  • Sierra Leone: Ruling Against Palm Oil Company Will Empower Communities - Campaigners
    on 13/11/2018 at 08:30

    [Thomson Reuters Foundation] Makeni -A court ruling in Sierra Leone that ordered an international palm oil company to return a big block of land to its owners should empower more communities to retake control of their land and resources, lawyers and campaigners said. […]

  • Uganda: BoU Has No Record of Closed Teefe Bank Assets
    on 13/11/2018 at 08:23

    [Monitor] Abdu Katuntu (committee chairman): On the 5th, the Governor wrote to me forwarding these files which you have all had the opportunity to read through. The Governor writes and says; 'reference is made by Cosase on Thursday to submit a range of documents. The bank has assembled the documents and now submits them to your office by copy of this letter. The bank must draw your attention to the following in respect to these documents. These documents contain discussions, recommendations and resolutions many of w […]

  • Nigeria: Appeal Court Reserves Ruling On TB Joshua's Collapsed Church Building
    on 13/11/2018 at 07:49

    [Guardian] The Lagos division of Appeal Court has reserved judgment in the appeal filed against the ruling of Justice Lateef Lawal-Akapo in the case of collapsed Synagogue Church of All Nations' building (SCOAN), which killed about 116 persons. […]

  • Uganda: Uganda, Microsoft Sign Innovations Exchange Pact
    on 13/11/2018 at 07:30

    [Monitor] Kampala -Government of Uganda Monday signed a deal with Microsoft Corporation which will ensure collaboration between the two parties in enhancing innovation and skills in the country's Information and Communications Technology (ICT) sector. […]

  • South Sudan: Thousands to Create Room for Oil Extraction
    on 13/11/2018 at 05:50

    [Nation] Thousands of residents of Pibor in South Sudan's Boma State will be relocated from their homes to pave the ways for the drilling of oil, officials said. […]

  • Nigeria: Nigeria, Third Preferred Destination for Green Economy Projects - Report
    on 13/11/2018 at 05:31

    [This Day] Nigeria is the third most preferred destination for member countries of the Organisation for Economic Co-operation and Development (OECD) seeking to fund projects that would promote green economy in Africa, a research done by the Governing Inclusive Green Growth in Africa (GIGGA) Network has disclosed. […]

  • Kenya: Kenya Airways Launches Daily Flights to Mogadishu
    on 13/11/2018 at 05:18

    [Capital FM] Kenya Airways continues their expansion with the announcement of the commencement of daily operations to Mogadishu, Somalia with effect from Thursday, 15th of November, 2018. […]

  • Nigeria: The Many Coat of Colours of the Nigerian Local Taxis
    on 13/11/2018 at 05:13

    [Guardian] Kabu Kabu! The origin of the name Kabu Kabu -those dodgy taxis operating cheaply in most parts of Nigeria might have been culled from repeatedly saying "cab cab" in the pidgin language. […]

  • Kenya: Normalcy Returns in Some Areas as Matatus Resume Services
    on 13/11/2018 at 05:11

    [Nation] Normalcy has returned on city roads a day after a transport crisis caused by a countrywide strike that was called by matatu owners who did not want to comply with traffic regulations. […]

  • Nigeria: Teleology Takes Over Nigeria's 9Mobile
    on 13/11/2018 at 05:11

    [Premium Times] Telecoms firm, Teleology Nigeria Limited, on Monday announced the constitution of a new Board of Directors for Nigerian telecommunication company, 9mobile. […]

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