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Business Africa

  • GANZHOU, China— A worker with blood dripping from his head marked a low point in the tense, grinding life at a southeastern China factory used by Ivanka Trump and other fashion brands. Workers from the factory, including one current and two former employees who spoke to The Associated Press, reported overtime that stretched past midnight, steep production quotas...

  • LOS ANGELES— The Force was with George Lucas on Tuesday as the Los Angeles City Council moved with light-sabre speed to clear the way for a $1.5 billion Museum of Narrative Art the "Star Wars" creator plans to build down the road from his alma mater. After hearing from Lucas himself, the council voted 14-0 to approve an environmental impact report and other...

  • Soybeans are loaded onto a truck after being harvested at the Sitio Azulao farm, near Itapetininga, Brazil.

    Global food security depends on trade in four staple crops whose output is concentrated in a handful of exporting nations, Financial Times reports.

  • ABIDJAN, June 27- Ivory Coast's NSIA Banque will launch an initial public offering of stock on Monday ahead of a planned listing on West Africa's regional BRVM bourse in the first week of September, company officials said on Tuesday. Stock worth 34.53 billion CFA francs will be sold at 9,000 CFA francs per share to private investors and at 6,750 CFA francs per...

  • RABAT, June 27- Morocco's central bank is due to announce this week the date for the first phase of liberalising the dirham currency, an IMF-backed reform to strengthen the North African kingdom's economy. Central Bank Governor Abdellatif Jouahri has said he will release the start date by the end of June, but denied that floating the currency will be a...

  • RABAT, June 27- Morocco's central bank is due to announce this week the date for the first phase of liberalising the dirham currency, an IMF-backed reform to strengthen the North African kingdom's economy. Central Bank Governor Abdellatif Jouahri has said he will release the start date by the end of June, but denied that floating the currency will be a...

  • RABAT, June 27- Morocco's central bank is due to announce this week the date for the first phase of liberalizing the dirham currency, an IMF-backed reform to strengthen the North African kingdom's economy. Central Bank Governor Abdellatif Jouahri has said he will release the start date by the end of June, but denied that floating the currency will be a...

  • RABAT, June 27- Morocco's central bank is due to announce this week the date for the first phase of liberalizing the dirham currency, an IMF-backed reform to strengthen the North African kingdom's economy. Central Bank Governor Abdellatif Jouahri has said he will release the start date by the end of June, but denied that floating the currency will be a...

  • Full-year group profit dropped 7 percent, with headline earnings per share, the main profit measure in South Africa that strips out certain one-off items, down to 8.81 rand for the year ended March 31. The results sent Omnia's shares tumbling nearly 9 percent on the Johannesburg Stock Exchange to 132 rand by 1103 GMT. The company said it will look at markets...

  • *China aims to become lowest-cost seller of FLNG plants. LONDON, June 27- China plans to pour almost $7 billion into floating liquefied natural gas projects in Africa, betting on a largely untested technology in the hope that energy markets will recover by the time they start production in the early 2020 s. China, however, is making a strategic push into FLNG, aiming...

  • Ghana-based media startup OMG Digital previously participated in a Y Combinator accelator program, Tech Crunch reports.

  • DAR ES SALAAM, June 26- Tanzania may have to delay the construction of some of its major infrastructure projects because its revenue expectations for 2017/ 18 are "potentially over-optimistic", the International Monetary Fund said on Monday. Like neighbouring Kenya, Tanzania wants to take advantage of its long coastline and upgrade outdated railways, ports and...

  • ACCRA/ ABIDJAN, June 26- Up to 80,000 tonnes of cocoa beans have been smuggled into Ghana from neighbouring Ivory Coast since the start of April, as Ivorian growers take advantage of higher prices in the neighbouring country, exporters said on Monday. Ghana, the world's number two cocoa grower, maintained its farmgate price at $1,914 per tonne, creating a price gap...

  • Alipay to launch in South Africa

    Head of Alipay EMEA Rita Liu announces that her firm will launch in South Africa, with the intention of benefiting Chinese tourists in the country.

  • JOHANNESBURG, June 26- South African precious metals producer Sibanye Gold aims to resume production at its strike-hit Cooke Mine later this week, but first plans to conduct safety inspections in the shafts on Monday. Illegal gold mining has plagued South Africa for decades, with bullion pilfered from both disused and operating mines, and Sibanye has vowed it...

  • ROME, June 25- People in more than 100 Italian towns and cities voted on Sunday to pick municipal mayors in a run-off ballot that could bolster centre-right parties ahead of a national election due in less than a year. Anti-European sentiment has increased in the country in the past few years, fuelled by EU-imposed austerity policies and the waves of migrants...

  • ROME, June 25- People in more than 100 Italian towns and cities voted on Sunday to pick municipal mayors in a run-off ballot that could bolster center-right parties ahead of a national election due in less than a year. Anti-European sentiment has increased in the country in the past few years, fueled by EU-imposed austerity policies and the waves of migrants...

  • WASHINGTON— The Trump administration has authorized the sale of unarmed surveillance drones to India, the manufacturer said Friday, as the two nations' leaders prepare for their first face-to-face meeting. India initiated its request to buy 22 Guardian MQ-9B unmanned aircraft for maritime surveillance last year. India reportedly wants the drones for...

  • PARIS, June 23- Europe is embarking on an expensive and politically charged effort to develop a new combat jet that will shape the future of the European fighter industry and its three existing programmes- Eurofighter, France's Rafale and Sweden's Gripen. President Donald Trump's cooler stance towards Europe had given the effort some fresh momentum.

  • ABUJA, June 23- Nigeria hopes to raise at least $1 billion from a scheme that will give tax evaders a chance to make payments retrospectively, the finance ministry said on Friday. The OPEC member, which has Africa's largest economy, is in the second year of a recession brought on by low oil prices. Economists have long criticised the low levels of tax in Africa's most...