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  • *Deal gives Steinhoff exposure to African clothing market. JOHANNESBURG, Nov 25- South Africa's Steinhoff International will buy clothing retailer Pepkor in a $5.7 billion deal that gives the budget furniture firm exposure to Africa's fast-growing apparel market and strengthens its business in eastern Europe. The 62.8 billion rand cash and share deal will...

  • Bill Weir's new CNN series to begin in 2015 Tuesday, 25 Nov 2014 | 6:53 AM ET

    NEW YORK— Bill Weir's new series on CNN will entail a lot of travel. Weir said the series will examine the reasons for that and also take viewers to places like the Dead Sea; Venice, Italy; and Africa. CNN is a division of Time Warner Inc..

  • NAIROBI, Nov 25- Kenya's largest mobile phone firm Safaricom said on Tuesday it had signed a deal with the government to construct a security system worth 14.9 billion shillings. The awarding of the contract to Safaricom, which is 40 percent owned by Britain's Vodafone, had sparked a row when critics complained that it had been awarded without an open bidding...

  • "A guy can invest in the Alberta oil sands or a Bakken shale-type company and they are going to make a little bit of money, but they are not going to hit that grand-slam home run we are looking for in elephant country," said Mark Sommer, spokesman at Simba Energy. But Ebola, Islamic State and the Ukraine conflict have made an already tough market tougher for these...

  • LAGOS, Nov 24- Nigeria's naira hit a record low on Monday on concerns that a recent slide in global oil prices could undermine the central bank's efforts to keep defending the currency, dealers said. While the naira recouped some losses later in the day, one economist said an eventual devaluation was creeping closer for Nigeria, which also faces an Islamist...

  • *Kenya issued $2 bln Eurobond on Irish exchange in June. DIANI, Kenya, Nov 24- Kenya could cross-list its $2 billion Eurobond on the Nairobi bourse, Deputy President William Ruto said on Monday, telling investors that the yield on Kenyan debt is likely to fall as inflation eases. "I'm happy now that the stock exchange in Kenya is prepared to work with us as government to...

  • Tanzania: Maasai group looks likely to keep land Monday, 24 Nov 2014 | 9:57 AM ET

    NAIROBI, Kenya— A Maasai community near Tanzania's Serengeti National Park may be able to keep its traditional homeland after the country's president said on Twitter that the government would not take their land. President Jakaya Kikwete said over the weekend that there never has been and never will be any government plan to evict the Maasai.

  • Tunisia polls give ex-regime figure the edge Monday, 24 Nov 2014 | 7:17 AM ET

    TUNIS, Tunisia— A veteran politician from the previous regime that ran on a platform of restoring the prestige of the state took the lead in Tunisia's first free and fair presidential election Sunday, according to exit polls. Beji Caid Essebsi, 87, replicated the success of his Nida Tunis party in last month's legislative elections by taking 47 percent of the...

  • Giraffes on a plane? Most Wanted list released Friday, 21 Nov 2014 | 7:34 AM ET

    If so Interpol would like to speak with you. The international police agency Interpol recently began a Most Wanted campaign of suspects who have carried out such environmental crimes as wildlife trafficking, illegal fishing, illegal logging and trading in ivory. Ioannis Kokkinis, an Interpol criminal intelligence officer, said in a statement this week that a...

  • YAMOUSSOUKRO, Nov 21- Ivory Coast is finalising production sharing agreements with oil company Exxon Mobil for two ultra-deepwater blocks in the Gulf of Guinea, a senior official with the country's energy ministry told Reuters on Friday. We expect to finish discussions before the end of the year, "said Ibrahima Diaby, director of hydrocarbons at the ministry,...

  • LONDON, Nov 20- Nigeria will have to adjust to oil prices heading lower for some time to come, Finance Minister Ngozi Okonjo-Iweala said on Thursday in an interview in which she also cut the outlook for economic growth next year. Asked if she thought the 30 percent drop in crude prices since June might prove temporary, Okonjo-Iweala said Nigeria needed to adjust to...

  • US promotes entrepreneurship to counter extremism Thursday, 20 Nov 2014 | 12:02 PM ET

    MARRAKECH, Morocco— The U.S. is promoting entrepreneurship in the Middle East and North Africa as a way to create jobs and counter extremism in the region, senior American officials said Thursday at a conference in Morocco. Vice President Joe Biden and other American officials attending the 5th annual Global Entrepreneurship Summit in Morocco were hopeful of...

  • JOHANNESBURG, Nov 20- Edcon, the South African retailer taken private by buyout firm Bain Capital, is in talks to secure a secondary credit provider after the collapse of African Bank Investments this year, its chief executive said on Thursday. The move to find another credit provider may allay some concern about the debt-burdened company after Morgan Stanley...

  • Supply-demand balance for burley takes abrupt turn Thursday, 20 Nov 2014 | 7:56 AM ET

    LOUISVILLE, Ky.— A global supply-demand balance that once favored Kentucky tobacco farmers now seems to be turning against them as another market season opens in the state that leads the nation in burley tobacco production. "The supply-demand balance for U.S. burley has taken an abrupt turn after being a seller's market for several years of tight supply," said...

  • Ford: Lower oil prices unlikely to slow green cars Thursday, 20 Nov 2014 | 5:08 AM ET

    Bill Ford, the great-grandson of company founder Henry Ford, said the Dearborn, Michigan automaker will continue to promote green technology. Ford was speaking to a select group of media in the United Arab Emirates on Wednesday, where the company recently established a business unit to serve the Middle East and Africa. On Wednesday the company held the Middle...

  • DUBAI, Nov 19- Ford Motor Co's drive to make its sport utility vehicles and other models lighter to save fuel and boost performance will not be delayed by a recent drop in oil prices, Executive Chairman Bill Ford said on Wednesday. Ford is in the United Arab Emirates to celebrate the 50th anniversary of the iconic Mustang sports car, which was cut in six pieces and...

  • LAGOS, Nov 19- Foreign investors sold off Nigerian stocks valued at 101.2 billion naira in October after a drop in the oil price and the local naira currency, data from the stock exchange showed on Wednesday. Foreign investors increased the pace of outflows in August, selling out of the relatively liquid banking, consumer and oil sectors as the price of Brent crude,...

  • BUSINESS-NEWS-SCHEDULE AT 1630 GMT /11:30 AM ET Wednesday, 19 Nov 2014 | 11:40 AM ET

    WASHINGTON- President Barack Obama might be open to using the Keystone pipeline as leverage with Republicans if they cooperate on other aspects of his long-stalled domestic agenda, such as investing in infrastructure, closing tax loopholes or reducing carbon emissions. U.S. regulator seeks nationwide recall of Takata air bags. WASHINGTON- The U.S. auto...

  • BUSINESS-NEWS-SCHEDULE AT 1600 GMT /11:00 AM ET Wednesday, 19 Nov 2014 | 11:07 AM ET

    WASHINGTON- President Barack Obama might be open to using the Keystone pipeline as leverage with Republicans if they cooperate on other aspects of his long-stalled domestic agenda, such as investing in infrastructure, closing tax loopholes or reducing carbon emissions. WASHINGTON- The U.S. auto safety regulator has told Japanese supplier Takata Corp and...

  • Massive movie poster collection going to auction Wednesday, 19 Nov 2014 | 10:02 AM ET

    He's parting with them on Dec. 17 at Profiles in History auction house in Calabasas, California. Everett, who lives in Cleveland, Ohio, and owns a New York City movie photo leasing company, said his collecting passion began as a student at the University of Virginia, sparked by a fellow student who had a "fabulous" small photo collection of such Hollywood's legends as...