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Business Africa

  • Davos, Switzerland

    The headlines at the World Economic Forum's annual meeting in Davos were dominated by banking regulation and reform, the shape of the recovery and Greece's Euro crisis. But it wasn't all about government, business and the economy, Bill and Melinda Gates announced that their foundation was committing $10B over the next 10 years to help research, develop and deliver vaccines for the world's poorest countries.

  • Coca-Cola bottles

    The global slowdown has caused a radical change in the way people buy and use products, but fast-moving consumer goods like Coca-Cola are less impacted by the change, Muhtar Kent, CEO of the Coca-Cola Company, told CNBC Thursday.

  • The market won't retest its March lows, but it will turn choppy around January or February, said Joe Quinlan, chief market strategist at Bank of America.

  • Forget China. The next big growth story in the next decade is Africa. With a population that’s fast approaching the one billion mark, Coca-Cola’s CEO Muhtar Kent believes that “Africa is really going to blossom in the next decade.” Kent wasn’t the only one to talk up Africa’s potential last week.

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    The deep waters off the coasts of countries like Brazil and Sierra Leone have become hot spots for large discoveries of oil this year as exploration continues to move further from shore.

  • USS Chancellorsville

    Somali pirates holding a hijacked ship off the coast of Somalia fired at a U.S. Navy helicopter as it made a surveillance flight over the vessel, the first such attack by pirates on an American military aircraft, the Navy said Thursday.

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    Africa's investment fortunes are shifting, as the 'Dark Continent' becomes gradually less depended of its main trading partner, Europe, and attracts investor from fast-growing emerging countries.

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    Emerging markets were the shining light when the world entered recession last year, but even these developing economies have been struck by the global slowdown. But as China and India continue to grow and Japan exits out of a contraction, are emerging markets becoming the world's saving grace, and if so, how should investors be taking advantage of the opportunities there?

  • Peter Kenny, managing director at Knight Equities and Charles Campbell, senior sales trader at Miller Tabak & Co. weighed in on the best places to invest now.

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    A strike by metro drivers wrought havoc on the streets of London, with thousands of commuters seeking alternative ways to get to work and overground traffic sometimes grinding to a halt.

  • Flag of Zambia

    The fight against corruption in Africa’s most pivotal nations is faltering as public agencies investigating wrongdoing by powerful politicians have been undermined or disbanded and officials leading the charge have been dismissed, subjected to death threats and driven into exile.

  • African countries are improving politically and economically and their businesses are doing "great," said Lawrence Speidell, portfolio manager at Frontier Market Asset Management.

  • Investor Spring Cleaning - A CNBC Special Report

    Peter Kenny, managing director at Knight Equities and Paul Hickey, co-founder of Bespoke Investment Group weighed in on the best places to invest now.

  • Thursday's losses could continue, the Mad Money host says. Plus, his top Africa picks.

  • There are a lot of great opportunities to invest in Africa today, said David Riedel, president of Riedel Research Group.

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    Designers emphasized the importance of fashion meaning something during the current recession and suggested consumers will focus on uniqueness and affordability which is what they offer.

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    Chancellor of the Exchequer Alistair Darling predicted that the economy would contract at a rate of 3.5 percent in 2009, with a fall of around 1.6 percent in the fourth quarter.

  • Somali pirates vowed to hunt down American ships and kill their sailors Wednesday and French forces detained 11 other hijackers in a high-seas raid, raising tensions a day after an abortive attack on a U.S. freighter loaded with food aid.

  • The Fed could cause Zimbabwe-like inflation making the US a 'banana republic,' famous bear Marc Faber said.

  • Celebrating the release of his new CD, “Imaginary Kingdom” (BeSide Records, September 23, 2008 ), musician/philanthropist Peter Buffett was joined by his father, Warren Buffett at Peter’s Concert & Conversation at the Paley Center for Media in Los Angeles (Friday, October 3). Ukulele in hand, the jovial elder Buffett stepped out onstage to join his son in a spirited rendition of “Ain’t She Sweet.” Joining them onstage for the second verse was multi-platinum artist/producer Akon, doing human beat

    Warren Buffett took a break recently from making multi-billion dollar investments in American business icons to play the ukulele with two musicians who, unlike the Omaha billionaire, actually make a living as professional musicians.