Business Africa

  • **JOHANNESBURG- South African Finance Minister Pravin Gordhan take part in a debate on the economy- 1700 GMT. **PRETORIA- South African Reserve Bank Conference on Collaboration for Building Cyber Resilience. Bank of England's Executive Director for Resolution Andrew Gracie to speak- 0615 GMT.

  • NEW YORK— A fugitive former technology company CEO who frustrated federal authorities by living comfortably in exile in southwest Africa for the past 10 years has agreed to return to the United States to face charges he hatched a scheme to pocket millions of dollars by secretly manipulating stock options and is expected to plead guilty, prosecutors revealed...

  • LONDON, Aug 23- Oil fell below $49 a barrel on Tuesday, giving up part of August's strong rally, as signs of rising supply outweighed hopes that producing nations will agree steps to support prices. Brent crude was down 52 cents at $48.64 a barrel at 1344 GMT. U.S. crude was down 66 cents at $46.75.

  • CAPE TOWN, Aug 23- ArcelorMittal's South African business and the country's government have agreed a new pricing model aimed at bolstering the domestic steel sector and reviving the economy. The company was fined a record 1.5 billion rand on Monday for setting prices at the level consumers would have to pay for imported steel, but Trade and Industry Minister...

  • *UK court ruling effectively raises investor approval hurdle. *More details to be published on Aug. 26. LONDON, Aug 23- SABMiller shareholders can be treated as two separate groups when they vote on the brewer's 79 billion pound takeover by Anheuser Busch InBev, a court in London ruled on Tuesday, granting a request from SAB aimed at making the vote as fair as possible.

  • LONDON, Aug 23- Oil fell below $49 a barrel on Tuesday, giving up part of August's strong rally, as signs of rising supply outweighed hopes that producing nations will agree steps to support prices. Brent crude was down 41 cents at $48.75 a barrel at 1103 GMT. U.S. crude was down 37 cents at $47.04.

  • LONDON, Aug 23- SABMiller shareholders can be treated as two separate groups when they vote on the company's takeover by Anheuser Busch InBev, a court in London ruled on Tuesday, granting a request from SAB for a split. SAB requested that those two shareholders-- cigarette maker Altria Group and Bevco, a vehicle of Colombia's Santo Domingo family-- be treated as a...

  • LONDON, Aug 23- Oil fell below $49 a barrel on Tuesday, giving up part of August's strong rally, as signs of rising supply outweighed hopes that producing nations will agree steps to support prices. Brent crude was down 59 cents at $48.57 a barrel at 0845 GMT. U.S. crude was down 62 cents at $46.79.

  • LONDON, Aug 22- A claimant to the chairmanship of Libya's $67 billion sovereign fund on Monday denounced the appointment by the country's United Nations- backed government of a panel to run the fund, saying he had not been formally asked to step down. Last week, the Government of National Accord appointed a five-member caretaker committee to run the Libyan...

  • NEW YORK, Aug 22- Ending a decade on the run, the former chief executive officer of Comverse Technology Inc who fled to Africa to avoid a fraud prosecution over a stock options scandal is returning to the United States to plead guilty. Jacob "Kobi" Alexander, 64, will admit to one count of backdating stock options in the federal court in Brooklyn on Wednesday, his...

  • BG Group, recently acquired by Royal Dutch Shell, alongside Statoil, Exxon Mobil and Ophir Energy, plan to build a $30 billion- onshore LNG export terminal in partnership with the state-run Tanzania Petroleum Development Corporation by the early 2020 s. The president's office said Magufuli issued the instructions for the LNG project to be fast-tracked during...

  • NEW YORK, Aug 22- Ending a decade on the run, the former chief executive officer of Comverse Technology Inc who fled to Africa to avoid prosecution in a stock options scandal is returning to the United States to plead guilty in a fraud case. Jacob "Kobi" Alexander, 64, will enter a guilty plea in federal court in Brooklyn on Wednesday to one count of backdating stock...

  • Aug 22- The former Comverse Technology Inc chief executive officer who authorities say fled to Africa a decade ago to avoid prosecution in a stock options scandal will return to the United States and plead guilty to a criminal charge, his lawyer said on Monday. Jacob "Kobi" Alexander, 64, will plead guilty to one count of backdating stock options, the lawyer,...

  • JOHANNESBURG, Aug 22- Hotel and gaming group Sun International has become the latest South African business to pull out of Nigeria because of weak economic growth and clashes with regulators and shareholders in the west African country. In January, Nigeria's Economic and Financial Crimes Commission launched a probe into Sun International's initial...

  • JOHANNESBURG, Aug 22- Hotel and gaming group Sun International became the latest South African business to pull out of Nigeria because of weak economic growth and clashes with regulators in the west African country. In January Nigeria's Economic and Financial Crimes Commission launched a probe into Sun International's initial investment in the Tourist...

  • MOSCOW, Aug 19- Gunmaker Kalashnikov, whose AK-47 assault rifle has armed Russian forces for 70 years and been the preferred weapon of insurgents across continents, has opened a store at Moscow's Sheremetyevo airport selling souvenirs including plastic model guns, the company said. It was introduced in 1948, armed the whole of the Soviet Union and eastern...

  • Kanye West performs during Kanye West Yeezy Season 3 on February 11, 2016 in New York City.

    Kanye West fans can buy a taste of "The Life of Pablo" this weekend following the rapper-turned-fashion mogul's announcement of 21 pop-up stores.

  • People pulling suitcases arrive at the Central Registration Office for Asylum Seekers on March 11, 2015 in Berlin, Germany.

    One non-profit organization has aimed the sharing economy's methods at two main concerns of Europe's refugee crisis.

  • Conservation Finance

    African Wildlife Foundation's Patrick Bergin talks about the need to balance economic growth with conservation in Africa.

  • Industry group Grain SA says the tariff should have been adjusted in late May to 1,591 rand a tonne, from 1,224 rand, a 30 percent hike. When the adjustment is calculated, it typically also takes a few weeks for it to be signed off and implemented, but Grain SA said the government was taking too long and took the case to the High Court in Pretoria. "The Court instructed...