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  • JOHANNESBURG, June 2- When Wal-Mart Stores Inc spent $2.4 billion on a stake in South Africa's Massmart five years ago, the world's biggest retailer said it was buying a gateway to high-growth markets in sub-Saharan Africa. Massmart's slow inroads into the rest of the continent, touted as the next big growth area, highlight the challenges of doing business in...

  • JOHANNESBURG— Despite a fatal lion attack the previous day, business ran pretty much as usual on Tuesday at the Lion Park north of Johannesburg, and visitors were driving through with all their windows rolled up. Scott Simpson, assistant operations manager at the Lion Park, said Tuesday that it is "operating as usual" except the area where the attack occurred has...

  • DIARY- Top Economic Events to June 15 Monday, 1 Jun 2015 | 8:01 PM ET

    WASHINGTON- Federal Reserve Board Governor Lael Brainard speaks on the U.S. economic outlook and monetary policy at the Center for Strategic and International Studies- 1400 GMT. PARIS- Organisation for Economic Cooperation and Development Forum 2015. PARIS- European Central Bank board member Daniele Nouy speaks at the panel discussion "Unlocking...

  • LAGOS, Nigeria— Financial crime agents arrested 21 bankers including senior executives of the Central Bank of Nigeria for the theft of $33 million worth of defaced naira currency notes, Nigerian officials said Monday. The fraud involved using cut-up pieces of newspaper to replace notes in Nigeria's naira currency that had been designated for destruction at...

  • The crisis has prompted the authorities in Tripoli, who control much of western Libya, to plan cuts to petrol subsidies, to delay public salary payments and to ban on imports from cars to steel. Libya needs $30 billion to fund imports annually and typically spends $40 billion on its budget. "Libya is on the verge of economic and financial collapse," U.N.

  • LONDON, June 1- Equities will be the riskiest asset class this year and through the next decade, but will also offer the highest returns and attract the biggest allocation boost from investors, a poll predicted on Monday. The most bullish on stocks were UK investors, 74 percent of whom expect the market to rise this year. "Views of what constitutes risk vary within the...

  • *Boko Haram firmly in new leader's sights. ABUJA, May 29- New Nigerian President Muhammadu Buhari promised on Friday to eradicate the "mindless, godless" militants of Boko Haram and rescue hundreds of women and children held captive, including 200 girls taken from the town of Chibok a year ago. In his inaugural address as elected leader of Africa's most populous...

  • *Boko Haram firmly in new leader's sights. ABUJA, May 29- New Nigerian President Muhammadu Buhari vowed on Friday to eradicate the "mindless, godless" militant group Boko Haram and rescue hundreds of women and children held captive, including 200 girls taken from the town of Chibok a year ago. In his inaugural address as elected leader of Africa's most populous...

  • PARIS, May 29- Air France faces its second safety investigation in as many weeks after pilots were forced to recover in mid-takeoff after entering the wrong data into the computer of a cargo jet, airline and safety officials said. The mistake over the plane's weight was discovered when the Boeing 777 freighter accelerated too slowly while starting off down the...

  • *Firms say worries on political stability curb Africa investment. *Japan, Africa ministers to meet on Saturday. TOKYO, May 29- A Japanese government drive to secure access to resources in Africa has sputtered as some companies shy away from investing due to slumping commodity prices and worries over political stability, helping China as it races to import raw...

  • RPT-Vodafone investors open to Liberty deal Friday, 29 May 2015 | 2:35 AM ET

    LONDON, May 28- Some of the biggest investors in Vodafone say they are open to a European tie-up with Liberty Global, as the British company is now in a stronger position to negotiate a deal with John Malone's cable group. The positive reaction stands in contrast to previous occasions when talk of a deal sent shares in Vodafone tumbling on fears that it, as the suitor,...

  • DIARY- Top Economic Events to June 11 Thursday, 28 May 2015 | 8:01 PM ET

    SOFIA- European Central Bank board member Yves Mersch speaks at the Bulgarian Authorities 2015 IMF/World Bank Constituency Meetings- 1100 GMT. BARCELONA, Spain- European Central Bank board member Vitor Constancio speaks at the XXXI Reunion Circulo de Economia- 0730 GMT. HARTFORD, United States- Federal Reserve Bank of Boston President Eric Rosengren speaks...

  • Vodafone investors open to Liberty deal Thursday, 28 May 2015 | 1:58 PM ET

    LONDON, May 28- Some of the biggest investors in Vodafone say they are open to a European tie-up with Liberty Global, as the British company is now in a stronger position to negotiate a deal with John Malone's cable group. The positive reaction stands in contrast to previous occasions when talk of a deal sent shares in Vodafone tumbling on fears that it, as the suitor,...

  • ABIDJAN, May 28- Nigeria's Agriculture Minister Akinwumi Adesina won an election on Thursday to be the new president of the African Development Bank, the lender said. After six rounds of voting that saw seven rivals from across the continent defeated, Adesina secured around 60 percent of the vote in an election held in Ivory Coast, where the AfDB is based.

  • TORONTO, May 28- Ivanhoe Mines Ltd's chief executive said on Thursday that he will meet with officials from the Democratic Republic of Congo this weekend to address any "misunderstandings" around his company's deal to sell nearly half of its Komoa copper project. The government opposes the transaction, according to media reports, because it was not consulted on...

  • ABIDJAN, May 28- The African Development Bank's governors began voting on Thursday to elect a new president to guide the pan-African lender through the continent's increasingly complex financial environment. Eight candidates, including Nigeria's agriculture minister, Akinwumi Adesina, Cape Verde's finance minister, Cristina Duarte, and a former...

  • WASHINGTON— During his transition from Florida governor to likely presidential candidate, Jeb Bush served on the boards of or as an adviser to at least 15 companies and nonprofits, a dizzying array of corporate connections that earned him millions of dollars and occasional headaches. "Board of directors and advisory boards are in charge of high-level...

  • *Turkey believes robust military vital for regional role- analyst. *China weapons deal has raised concern among NATO members. ANKARA, May 27- For years Turkey has boasted NATO's largest army, bar only the United States, and now President Tayyip Erdogan wants a defence industry to match.

  • *Pilots, avoiding storm clouds, flew towards Mount Cameroun. PARIS, May 26- French investigators have opened a probe after an Air France jet with some three dozen people on board narrowly avoided hitting the highest mountain in central Africa in early May, according to information published by France's BEA air accident agency. The Boeing 777 jet was making a short...

  • SAO PAULO, May 26- Brazil will likely experience a moderate El Nino by the end of the year, bringing steady rain to the country's main grain producing regions and sustained drought in the arid north, the national meteorological institute, Inmet, said. El Nino can lead to scorching weather across Asia and east Africa, but heavy rains and floods in parts of South...