People around the world are remembering Nelson Mandela who died yesterday in South Africa at the age of 95, reports CNBC's Michelle Caruso-Cabrera, with a look at the world leader's life and economic policies.» Read More
CHEGUTU, Zimbabwe, Nov 15- Across Zimbabwe, dozens of factories lie idle with peeling paint, rusting machines and broken roofs in once bustling industrial districts, symbols of the huge economic challenge facing President Robert Mugabe and his ZANU-PF party.
WARSAW, Nov 14- Slow-moving U.N. negotiations on fighting climate change can advance only if rich nations fulfill their promise to provide billions of dollars in finance to developing countries, China's chief climate negotiator Su Wei said Thursday.
The company has been operating since 2002 despite the anarchy that has plagued Somalia, and has survived over the years only because of the warring parties' need for communications, chief executive Ahmed Yuusuf said.
Jeff Gable, head of Africa nonequity research at Barclays Africa, says investors should consider infrastructure and urbanization opportunities.
*Platinum set to average $1,465/ oz in next 6 months. Refiner Johnson Matthey said on Tuesday in its Platinum 2013 Interim Review that the platinum market was expected to show a shortfall of 605,000 ounces this year from 340,000 ounces last year.
KINSHASA, Nov 11- The defeat of Democratic Republic of Congo's most important rebel group has strengthened President Joseph Kabila's grip on political power, but bringing peace to his vast central African nation remains a remote prospect.
*Consumers struggle to repay debts as economy slows. JOHANNESBURG, Nov 11- African Bank Investments, South Africa's biggest provider of unsecured loans, posted an 88 percent plunge in full-year earnings on Monday as bad consumer debt mushrooms in Africa's largest economy.
*EU seeking South Africa's political support for sub-Saharan trade deals. BRUSSELS, Nov 11- The European Union on Monday will propose lifting its block on South African sugar and allow more duty-free access for wine in return for help with Europe's stalled trade deals with sub-Saharan Africa, people familiar with the matter said.
*Low internet penetration rates holds back Africa tech growth. DAKAR, Nov 11- When Abasiama Idaresit started a digital marketing firm in Nigeria's bustling economic capital three years ago, he quickly learned how brutal life can be in a market where tech startups are in their infancy.
*Microsoft, Google running tests in three African countries. *Microsoft in talks with 10 more countries for trials. Elsewhere in the country Microsoft is operating similar pilots.
*Equatorial Guinea pushing new gas supply deals across Africa. *BG currently selling Equatorial Guinea's LNG in Asia. ABIDJAN, Nov 7- Equatorial Guinea may seek to revise some aspects of a controversial deal with BG Group as it moves to export more gas to Africa, its oil minister said.
After South Africa announced it it will reduce U.S. treasury holdings, David Mann, Regional Head of Research, Asia at Standard Chartered says its likely the greenback will be less dominant.
A recent report of a wine shortfall just marks a return to a more typical level of production and won't lead to bottles vanishing from store shelves.
*Central bank raised concerns over Lawson's loans. LAGOS/ ACCRA, Oct 30- Pan-African lender Ecobank announced the departure of chairman Kolapo Lawson on Wednesday in an attempt to restore confidence after a series of blows to its reputation.
AB InBev, SABMiller merger would combine Latam, Africa growth markets. *SABMiller price tag would likely be more than $100 bln. BRUSSELS/ LONDON, Oct 28- With half the world's beer produced by four big firms and few markets left for them to tap, the time may be right for a $100 billion merger between the two largest, Anheuser-Busch InBev and SABMiller.
JOHANNESBURG, Oct 25- South Africa's African Bank Investments issued its second profit warning in five weeks on Friday, flagging a 90- percent plunge in full-year earnings due in part to rising bad debts among its core market of low income borrowers.
JOHANNESBURG, Oct 23- South Africa's Sibanye Gold, spun off earlier this year by Gold Fields, expects earnings to be similar in the second half of the year to the first, assuming its forecast holds for the bullion price to stay around current levels.
SAO PAULO, Oct 22- Brazil will decide in December whether to open its skies to foreign airlines during the World Cup, the head of the Brazilian tourism agency Embratur said on Tuesday.
JOHANNESBURG, Oct 22- South Africa's No.2 grocer, Pick n Pay, increased its profit for the first time since 2010 in the first half, sending its shares surging on Tuesday as investors bet the retailer's turnaround plan is starting to bear results.
LUSIKISIKI, South Africa, Oct 17- South Africa's system of migrant mine labour has come under renewed scrutiny, with government and company officials blaming it for a host ills bedeviling the industry and the country, including last year's wave of violent wildcat strikes.