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  • Saudi cables suggest money links with media Tuesday, 23 Jun 2015 | 5:06 PM ET

    BEIRUT— A financially troubled Lebanese TV network received a $2 million Saudi bailout in return for adopting a pro- Riyadh editorial policy. Many of the cables were linked to the growing rivalry between Sunni Saudi Arabia and mostly Shiite Iran over influence in the region and point to Lebanon, an ethnically and religiously diverse nation with a vibrant press,...

  • Fire destroys parts of largest market in Kenya Tuesday, 23 Jun 2015 | 4:35 PM ET

    NAIROBI, Kenya— Officials say a fire has consumed parts of Kenya's largest market, destroying an area where vendors sell second-hand clothes imported from Western countries. Nairobi police chief Benjamin Kibue said Tuesday the cause of the fire in Gikomba Market in Nairobi remains unclear. Kenya's National Disaster Operation Center said no casualties were...

  • *Has been CFO of Takeda Pharmaceutical. Roger, currently CFO of Japan's Takeda Pharmaceutical, replaces Wan Ling Martello, who became Nestle's head of Asia, Oceania and Africa in May. Roger, 53, studied accounting at Audencia Business School and has an MBA from Ohio State University, Nestle said, citing his expertise in finance and control and experience in the...

  • MADRID— Authorities in Spain have accused a company there of running a lucrative international operation that illegally captured vast amounts of an Antarctic fish prized in top restaurants. Spain did not name the companies, but New Zealand's Foreign Minister Murray McCully told The Associated Press in an interview they were all linked to Vidal Armadores SA,...

  • Chinese retail spreads in Uganda amid local jealousy Tuesday, 23 Jun 2015 | 4:37 AM ET

    Yet Kun's perseverance in the face of such obstacles, including the rising hostility toward local merchants, is a measure of how profitable it is for Chinese merchants to run small businesses in Uganda— and the rest of Africa. Over the past 10 years, Chinese industrial giants have invested billions across Africa, and there has been an accompanying explosion of...

  • *Al Shabaab has launched series of attacks in Kenya. DADAAB, Kenya, June 21- When Kenyan police arrested six men in the vast Dadaab refugee camp near the Somali border last April, their ultimate aim was to dismantle a decades-old sugar smuggling trade that is funding Somali militants waging war on Kenya. The arrests, coming weeks after four al Shabaab gunmen...

  • Congo denies entry to reggae star Fakoly Saturday, 20 Jun 2015 | 2:48 PM ET

    KINSHASA June 20- Ivorian reggae star Tiken Jah Fakoly, an outspoken critic of corruption and authoritarianism in African politics, has been barred from entering the Democratic Republic of Congo, where he was due to perform, the government said on Saturday. Spokesman Lambert Mende said Fakoly had been denied entry at Kinshasa's N'djili Airport on Friday by...

  • WASHINGTON— Tensions between the U.S. and China are growing over its island-building in the South China Sea and over suspicions that Beijing was behind a massive hack into a federal government server that resulted in the theft of personnel and security clearance records of 14 million employees and contractors. The two countries' top diplomats and finance...

  • SAO PAULO, June 19- Brazilian police on Friday arrested Marcelo Odebrecht, the head of Latin America's largest engineering and construction company Odebrecht SA, and accused his family-run conglomerate of spearheading a $2.1 billion bribery scheme at state-run oil firm Petrobras. In pre-dawn raids that netted 12 arrests in four states, police also...

  • RABAT, Morocco— Morocco and French automaker PSA Peugeot Citroen on Friday signed an accord to build a new factory aimed at producing up to 200,000 cars annually for the African and Middle East market. The factory involves an investment of 557 million euros and is the second major agreement between Morocco and a French automaker, following Renault's 2013...

  • The planned factory, first reported by Reuters last November, represents a belated step by Paris- based Peugeot to expand into lower-cost vehicles and emerging markets, reducing its exposure to Western Europe's relatively stagnant demand and high production costs. Peugeot said it expects the plant to source 60 percent of components locally, rising to 80...

  • SAO PAULO, June 19- Brazilian police on Friday arrested Marcelo Odebrecht, the head of Latin America's largest engineering and construction company Odebrecht SA, and accused his family-run conglomerate of spearheading a $2.1 billion bribery scheme at state-run oil firm Petrobras. In pre-dawn raids that netted 12 arrests in four states, police also...

  • NEW YORK— Over a ton of confiscated ivory tumbled off a conveyor belt into a rock crusher in Times Square on Friday in a symbolic display highlighting an illegal trade that activists say threatens the survival of African elephants. "Crushing ivory in Times Square— literally at the crossroads of the world— says in the clearest of terms that the U.S. is serious about...

  • June 19- Chocolate maker Hershey Co trimmed its full-year sales growth forecast citing weak sales in China, and said it would cut 300 jobs by the end of the year under a new cost-cutting program. Sales in China nearly halved in the first quarter compared with the same period of 2014, leading analysts to warn that Hershey's $450 million annual sales target for the...

  • NAIROBI, June 18- U.S. private equity firm TPG will invest up to $1 billion in African companies under a tie-up with Sudanese billionaire Mo Ibrahim's Satya Capital, the companies said on Thursday. TPG is a newcomer to Africa while Satya's interests range from healthcare in Nigeria to manufacturing in Tanzania. Satya will also make available an extra $300...

  • BRUSSELS— The European Union will move ahead beginning next week on a plan to disrupt the business model of human traffickers in the Mediterranean Sea, diplomats said Friday. Dozens of boats are launched from lawless Libya each week, with Italy and Greece bearing the brunt of the surge. Two diplomats from EU nations told The Associated Press the EU would start...

  • Africa growth: A long term story Friday, 19 Jun 2015 | 7:00 AM ET
    Africa growth: A long term story

    Anna Rosenberg, associate practice leader for Sub-Saharan Africa research at Frontier Strategy Group, discusses business activity in Africa.

  • MELBOURNE, June 19- London copper eased on Friday and was on track for a fifth weekly fall, with a seasonal ebb in Chinese demand expected to keep eroding prices. *The most-traded copper contract on the Shanghai Futures Exchange was flat at 41,910 yuan a tonne. *The United States said on Thursday it would not "paper over" differences between the United States and China...

  • CSI Africa? Using elephant DNA to fight poachers Thursday, 18 Jun 2015 | 2:05 PM ET
    A KWS security officer stands near a burning pile of 15 tons of elephant ivory seized in Kenya at Nairobi National Park on March 3, 2015.

    Scientists used the DNA found in illegally hunted elephant tusks to help African law enforcement agencies track ivory poachers.

  • NAIROBI, June 18- U.S. private equity firm TPG will invest up to $1 billion in African companies under a tie-up with Sudanese billionaire Mo Ibrahim's Satya Capital, the companies said on Thursday. TPG is a newcomer to Africa while Satya's interests range from healthcare in Nigeria to manufacturing in Tanzania. Satya will also make available an extra $300...