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Business Africa

  • African countries are improving politically and economically and their businesses are doing "great," said Lawrence Speidell, portfolio manager at Frontier Market Asset Management.

  • Investor Spring Cleaning - A CNBC Special Report

    Peter Kenny, managing director at Knight Equities and Paul Hickey, co-founder of Bespoke Investment Group weighed in on the best places to invest now.

  • Thursday's losses could continue, the Mad Money host says. Plus, his top Africa picks.

  • There are a lot of great opportunities to invest in Africa today, said David Riedel, president of Riedel Research Group.

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    Designers emphasized the importance of fashion meaning something during the current recession and suggested consumers will focus on uniqueness and affordability which is what they offer.

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    Chancellor of the Exchequer Alistair Darling predicted that the economy would contract at a rate of 3.5 percent in 2009, with a fall of around 1.6 percent in the fourth quarter.

  • Somali pirates vowed to hunt down American ships and kill their sailors Wednesday and French forces detained 11 other hijackers in a high-seas raid, raising tensions a day after an abortive attack on a U.S. freighter loaded with food aid.

  • The Fed could cause Zimbabwe-like inflation making the US a 'banana republic,' famous bear Marc Faber said.

  • Celebrating the release of his new CD, “Imaginary Kingdom” (BeSide Records, September 23, 2008 ), musician/philanthropist Peter Buffett was joined by his father, Warren Buffett at Peter’s Concert & Conversation at the Paley Center for Media in Los Angeles (Friday, October 3). Ukulele in hand, the jovial elder Buffett stepped out onstage to join his son in a spirited rendition of “Ain’t She Sweet.” Joining them onstage for the second verse was multi-platinum artist/producer Akon, doing human beat

    Warren Buffett took a break recently from making multi-billion dollar investments in American business icons to play the ukulele with two musicians who, unlike the Omaha billionaire, actually make a living as professional musicians.

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    U.S. crude oil futures fell for a third day in a row on Wednesday as government data showed that crude oil stocks rose much more than expected last week.

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    Oil prices sank as low as $118 a barrel Tuesday on the growing belief that a U.S. economic slowdown and high energy costs are curbing consumer demand for gasoline and other petroleum products.

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    Oil briefly fell below $120 a barrel Monday before recovering slightly at the close, pressured by evidence of rising OPEC output in the midst of declining demand in the United States and Europe.

  • Oil Pump

    Oil prices settled slightly higher Friday, clawing back above $125 a barrel after Israel raised new concerns about Iran's nuclear program. But more concerns that high prices are eating into demand limited the gains.

  • Oil prices ended lower Thursday, pulling back from the previous day's rally, as disappointing data on the U.S. economy signaled further cutbacks in energy demand for the world's thirstiest consumer.

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    Oil prices shot up as much as $5 a barrel, halting a dramatic two-week slide, after the US government reported a surprise drop in gasoline supplies.

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    Oil fell to its lowest level in nearly three months, extending a steep slide since mid-July on mounting evidence high prices and a souring economy were cutting into world energy demand.

  • Royal Dutch Shell declared force majeure on Tuesday on its Nigerian Bonny Light crude oil exports for July to September following an attack by militants on an oil trunk pipeline in the Niger Delta on Monday.

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    Oil prices rose Monday, approaching $125 a barrel after militants sabotaged two oil pipelines in Nigeria and Iran claimed that it had doubled the size of its nuclear program but signaled a willingness to work with the U.S.

  • Militants in Nigeria's Niger Delta said on Monday they had attacked two major oil pipelines belonging to Royal Dutch Shell, forcing the firm to halt some production and helping push world oil prices higher.

  • Oil Pump

    Oil dropped $2 to a fresh seven-week low on Friday, extending a decline that has knocked more than $23 off crude in two weeks as high fuel prices continue to batter demand.