×

Business Africa

  • Senegal Air was formed in April 2016 with 40 billion CFA francs in state capital to replace the now defunct, heavily indebted carrier Senegal Airlines. Senegal Air will initially fly to Senegalese and West African regional destinations before opening a Paris- Dakar route during the course of 2018.. Senegal revoked the air operator's certificate of Senegal...

  • Crowd at the Palio horse race in Siena

    The world's population will grow to 8.6 billion in 2030, 9.8 billion in 2050 and 11.2 billion in 2100, according to the United Nations.

  • JOHANNESBURG, June 22- South African ecommerce and pay-TV group Naspers said on Thursday its subsidiary Myriad International Holdings B.V. is exploring the possibility of an international U.S. dollar bond offering. Naspers, Africa's biggest listed company by market size, said its subsidiary would launch a roadshow to meet potential investors, but gave no...

  • PROVIDENCE, R.I.— The Latest on Rhode Island's debate over a paid sick leave mandate:. It now awaits consideration by the full Senate, as well as the state House of Representatives. Corrects that Senate labor committee, not judiciary committee, passed the measure.

  • PARIS, June 21- Airline caterer Gategroup is planning to use the contacts of new owner HNA Group and its European heritage to make a mark in the fast-growing Chinese air travel market, its chief executive told Reuters on Wednesday. The company, with annual sales of around 4.5 billion Swiss francs, says it currently has a strong presence in the Americas, western...

  • JOHANNESBURG, June 21- One of South Africa's largest financial groups weighed in to the row over central bank independence on Wednesday, saying proposals to change how it is run were a "very serious risk" to the country. The banking group's intervention comes as it itself is subject of a critical report by Mkhwebane's agency, South Africa's official constitution...

  • BRUSSELS, June 21- Europe is slowly turning a corner as a wave of anti- European Union movements peters out, Donald Tusk told EU leaders in a letter published before he will chair their two-day summit starting on Thursday. Countries including Austria, the Netherlands, France and Italy have seen a sharp rise in popularity of parties with eurosceptic, often...

  • "That was an old Gmail account that has been hacked," said Kevin Durfee, owner of George's of Galilee in Narragansett. Goodwin said she didn't believe Durfee's public denial and was told by police to expect an apology from him, but the controversy only emboldened her and other sick leave proponents who ushered a compromise version through a Senate panel Wednesday...

  • *Thomson Reuters/ INSEAD Asian Q2 sentiment index 74 vs 70 Q1. SHANGHAI, June 21- Business confidence in Asia rose to a three-year-high in the second quarter of the year, propelled by a slew of favourable economic data across the region and easing concerns over the health of China's economy, a Thomson Reuters/ INSEAD survey showed. The Thomson Reuters/ INSEAD Asian...

  • DETROIT, June 20- Whirlpool Corp, the world's largest maker of home appliances, said on Tuesday that Jeff Fettig will step down on Oct. 1 after 13 years as chief executive and will be replaced by the firm's current chief operating officer, Marc Bitzer. "Jeff has done an exceptional job over a long and successful career," said Robert Wetenhall, an analyst at RBC Capital...

  • LONDON, June 20- The independence of South Africa's central bank is paramount, Finance Minister Malusi Gigaba said on Tuesday, adding he was weighing whether to back the bank in seeking a court review of a recommendation that its mandate be changed. A row over the independence of the South African Reserve Bank erupted this week after a public watchdog...

  • JOHANNESBURG, June 20- A major row in South Africa over the independence of its central bank escalated on Tuesday, with both sides trading barbs in a dispute over whether the bank should be more concerned about citizens and less about currency. The issue-- triggered by a public watchdog's recommendation-- comes just as South Africa's economy has sunk into...

  • JOHANNESBURG, June 20- A major row in South Africa over the independence of its central bank escalated on Tuesday, with both sides trading barbs in a dispute over whether the bank should be more concerned about citizens and less about currency. The issue-- triggered by a public watchdog's recommendation-- comes just as South Africa's economy has sunk into...

  • JOHANNESBURG, June 20- A major row in South Africa over the independence of its central bank escalated on Tuesday, with both sides trading barbs in a dispute over whether the bank should be more concerned about citizens and less about currency. The issue-- triggered by a public watchdog's recommendation-- comes just as South Africa's economy has sunk into...

  • JOHANNESBURG— South Africa's economy, which is in a recession, on Tuesday faced fresh uncertainty over a demand by the state watchdog agency for changes in the way the central bank is run, in escalating fallout from a bank bailout during the apartheid era. The South African rand weakened Monday after Public Protector Busisiwe Mkhwebane called for a...

  • The issue-- triggered by a public watchdog's recommendation-- comes just as South Africa's economy has sunk into recession, its credit rating downgraded and politics is gripped by questions over President Jacob Zuma's stewardship. Public Protector Busisiwe Mkhwebane, head of South Africa's constitutionally-mandated anti-graft watchdog, called on Monday...

  • LONDON, June 19- Index provider MSCI is likely to open its emerging market benchmark to Chinese mainland-listed shares at its review on Tuesday, but investors are also expecting news on other markets such as Argentina and Saudi Arabia. It will hold conference calls with journalists at 2300 GMT and again at 0700 GMT on June 21. The 169 stocks make up 5 percent of all...

  • ABIDJAN, June 19- The International Monetary Fund's Executive Board approved $224.8 million in additional credit for Ivory Coast under an existing lending framework, it said in a statement on Monday. Ivory Coast has emerged from a 2011 civil war to become Africa's fastest growing economy, but the government has had to cut its budget this year amid falling cocoa...

  • PRETORIA/ JOHANNESBURG, June 19- South Africa's rand fell more than 1.5 percent on Monday after the Public Protector, an anti-graft agency, recommended constitutional changes to make the central bank promote economic growth rather than currency and price stability. Mkhwebane made the proposal in a statement to a Pretoria news conference where she delivered...

  • *Deforestation is "like suicide"- Vatican bishop. OSLO, June 19- Religious and indigenous leaders appealed on Monday for better protection of tropical forests from the Amazon to the Congo basin, with a Vatican bishop likening current losses to a collective suicide by humanity. "Without the forests we don't have life," said Bishop Marcelo Sanchez Sorondo, head of the...