Business News Africa

  • SYDNEY- Remarks by Guy Debelle, RBA Deputy Governor, at the Finalists Announcement for Walkley Business Journalism Awards 0200 GMT. SYDNEY- Panel Participation by Michele Bullock, RBA Assistant Governor, at the Sibos 2018 Conference 0300 GMT. SYDNEY- Panel Participation by Guy Debelle, RBA Deputy Governor, at the Sibos 2018 Conference 0430 GMT.

  • *Clegg was Britain's deputy PM from 2010 to 2015. LONDON, Oct 19- Facebook Inc has hired former British Deputy Prime Minister Nick Clegg to lead its global affairs and communications team, as the social network deals with a number of scandals related to privacy, fake news and election meddling. The appointment makes Clegg, former leader of Britain's Liberal...

  • Oct 18- Starbucks Corp said on Thursday it would give its longtime partner Mexico's Alsea SAB the rights to operate its cafes in France, the Netherlands, Belgium and Luxembourg as the coffee chain tries to streamline its operations in markets where sales have struggled. Starbucks said it will sell 83 company-owned stores in the Netherlands and France to...

  • Acacia, which is Tanzania's largest gold miner, is locked in a long-running dispute with the government which has accused the company of tax evasion. After taking office in 2015, President John Magufuli launched an anti-corruption drive and vowed to stamp out tax evasion by multinational companies in Tanzania's mining and telecoms sectors.

  • JOHANNESBURG, Oct 18- Investec Asset Management, a subsidiary of Investec, has bought in a firm that runs private colleges in South Africa, it said on Thursday, tapping into a fast-paced expansion in education businesses. Its parent company is planning to spin-off and float the asset management unit on the London Stock Exchange with a secondary listing in...

  • Oct 18- Starbucks Corp said on Thursday it would give its longtime partner Mexico's Alsea SAB the rights to operate its cafes in France, the Netherlands, Belgium and Luxembourg as the coffee chain looks to trim costs and battle competition. For the Europe, Middle East and Africa region, the coffee chain said it plans to restructure its back-office support...

  • CAPE TOWN, Oct 18- South Africa is likely to adopt new plans for the country's car industry in December which aim to increase the local content of assembled cars to 60 percent by 2035 from around 38 percent now, a cabinet minister said on Thursday. The new plan, which will come into effect in 2021, seeks to provide stability for one of South Africa's main...

  • *Insecurity rising, mainly in the east, as Russia boosts forces. *Eastern rural voters support nationalist PiS party. WARSAW, Oct. 18- Last winter, Monika Pawlik spent her days crawling through mud and digging trenches in frozen ground, training for Poland's home guard.

  • GENEVA, Oct 18- Nigeria's state oil firm NNPC has extended its crude-for-product swap contracts, the country's main avenue to meet the bulk of its fuel needs, until June 2019, sources familiar with the matter said. Despite having a refining capacity of about 445,000 barrels per day, its plants have been underperforming for years, making Africa's biggest oil...

  • SANTIAGO- Central Bank of Chile holds monetary policy meeting MONDAY, OCTOBER 22 SYDNEY- Remarks by Guy Debelle, RBA Deputy Governor, at the 2018 ISDA Annual Australia Conference, Sydney- 2235 GMT. SYDNEY- Remarks by Guy Debelle, RBA Deputy Governor, at the Finalists Announcement for Walkley Business Journalism Awards 0200 GMT. JAKARTA- Indonesia Central Bank...

  • Its gas strategy is moving on two tracks: expanding output of the super-cooled gas in places such as Papua New Guinea and Mozambique, and creating demand for those supplies in China by opening Exxon's first import and storage hub, according to an Exxon manager and people briefed on the company's plans. An Exxon spokesperson declined to provide an executive to...

  • ADDIS ABABA, Oct 17- German mechanical engineering conglomerate Voith has signed an agreement to supply turbines for a $4 billion dam Ethiopia is building along the River Nile, state-affiliated media said on Wednesday. The agreement with Voith, which has already supplied 13 out of the dam's 16 turbines alongside France's Alstom, was made after the government,...

  • Acacia, which is Tanzania's largest gold miner, is locked in a long-running dispute with the government which has accused the company of tax evasion. After taking office in 2015, President John Magufuli launched an anti-corruption drive and vowed to stamp out tax evasion by multinational companies in Tanzania's mining and telecoms sectors.

  • The U.S. Department of Agriculture Animal and Plant Health Inspection Service on Tuesday lifted the regulatory prohibition on cultivation by farmers of the cotton plant, which was developed by Texas A&M University scientists. The plant's cottonseed cannot be used as food for people or as animal feed yet in the United States because it lacks Food and Drug...

  • JOHANNESBURG, Oct 17- South Africa's retail sales rose in August as household goods, clothing and cosmetics grew, data showed on Wednesday, with recovering consumer spending a sign the economy is climbing out of a recession that has piled pressure on President Cyril Ramaphosa. The expansion was much more than the 0.3 growth forecast by a Reuters poll, and was the...

  • BEIJING, Oct 17- Shanghai copper extended losses for a second day on Wednesday, curbed by tepid spot trading amid increasing stockpiles at the futures exchange. *Three-month copper on the London Metal Exchange edged up 0.1 percent to $6,221 a tonne by 0109 GMT, and the most-traded copper contract for November delivery on the Shanghai Futures Exchange dipped 0.5...

  • CAPE TOWN, Oct 16- Falling revenues and a recession mean South Africa will struggle to finance public services, the National Treasury said on Tuesday, as ratings agency Moody's warned of the risks of rising government debt. Africa's most industrialised economy tipped unexpectedly into recession in the second quarter, and the appointment of a new finance...

  • The San Francisco- based bank, whose purchase of a high-profile location near the Bank of England two years ago was seen as a vote of confidence in the Brexit process, said it would continue to service UK and non-EU clients from London. The company gave no indication whether the move would lead to job cuts in London or how many it would employ in Paris.

  • TRIPOLI, Oct 16- Libya's state-owned mobile phone operator al-Madar launched the first 4 G services in the North African country, a rare investment in a country hit by years of political turmoil and violence. The service, equivalent to ten times the speed of the previous 3 G Internet, was activated at al-Madar's headquarters in Tripoli. We were confronted with...

  • The San Francisco- based bank, whose purchase of a high-profile location near the Bank of England two years ago was seen as a vote of confidence in the Brexit process, said it would continue to service UK and non-EU clients from London. The company gave no indication whether the move would lead to job cuts in London or how many it would employ in Paris.