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Business Africa

  • President Robert Mugabe listens to his wife Grace Mugabe at a rally of his ruling ZANU-PF party in Harare, Zimbabwe, November 8, 2017.

    Zimbabwean farmers who spent years resisting Grace Mugabe's efforts to take their farm can move freely, now that Robert Mugabe has resigned.

  • BANGKOK— A United Nations report says the world's least developed countries need access to electricity if they are to break out of poverty. The report by the U.N. Conference on Trade and Development released Wednesday urges wealthy nations to do more to honor their aid commitments to help bridge the energy gap. The countries covered in the report include 33 in...

  • JOHANNESBURG, Nov 22- South African cement producer PPC's board on Wednesday turned its back on a takeover attempt by AfriSam, backed by Canadian firm Fairfax Africa Investments, but PCC said it was still talking to Ireland's CRH and Swiss group LafargeHolcim. PPC has been a takeover target on-and-off for several years, with local-based AfriSam, Nigeria's...

  • LAGOS, Nov 22- Facebook will open a "community hub space" in Nigeria next year to encourage software developers and technology entrepreneurs and become the latest technology giant to pursue a training program in fast-growing Africa. Facebook did not provide details of the period over which its planned training would take place in Nigeria, which is Africa's...

  • NEW DELHI/ HONG KONG, Nov 22- Standard Chartered is close to selling its real estate principal finance unit to private equity firm Actis, sources with knowledge of the matter said, following the bank's decision last year to exit the loss-making business. The real estate principal finance unit has around $700 million in investments, mainly across India, China,...

  • A man takes part in a demonstration demanding the resignation of Zimbabwe's president with a sign featuring deputy president Emmerson Mnangagwa in the windshield of his car on November 18, 2017 in Harare.

    The longtime Mugabe ally has a heavy-handed reputation.

  • In a statement late Tuesday, CEFC China Energy Co. sought to distance itself from the corruption, money laundering and conspiracy charges filed against former Hong Kong home secretary Patrick Ho and Cheik Gadio, a former Senegal foreign minister. Details of the case in court papers provide rare insights into China's ambitions in Africa, highlighted also in...

  • CNBC Africa's Chris Bishop reports on Zimbabwean President Robert Mugabe's historic resignation.

  • BANGKOK- Bank of Thailand releases minutes of its previous interest rate meeting- 0200 GMT. WARSAW- National Bank of Poland release the minutes of its monitory policy meeting. FRIDAY, NOVEMBER 24 BOGOTA- Bank of Colombia holds Board of Director's meeting followed by a press release and a press conference.

  • TUNIS, Nov 21- Libya's Waha Oil Co is producing about 260,000 barrels per day, up more than 100,000 bpd from the company's output levels this summer, but further gains are complicated by a lack of investment, its chairman said on Tuesday. Waha is a subsidiary of Libya's National Oil Corporation and operates as a joint venture with Hess Corp, Marathon Oil Corp and...

  • VANCOUVER, Nov 21- Nevsun Resources Ltd lost its bid to have a Canadian court throw out a lawsuit by Eritreans workers who say they were forced to work at its mine in East Africa, according to an appeals court judgment released on Tuesday. Nevsun had appealed the ruling, arguing the case should be dismissed and that any lawsuit should be heard in Eritrea, not Canada.

  • LONDON, Nov 21- Standard Chartered is aiming to boost revenue growth at its investment bank by a compound annual rate of 5 to 7 percent in the medium term, the head of that business said on Tuesday, while trying to keep risk down and avoid past mistakes. The Asia, Africa and Middle East- focused bank will boost income after two years of restructuring, Simon Cooper, chief...

  • *Ethiopia looks to build garment-making industry. KOMBOLCHA, Ethiopia, Nov 21- Checkered shirts for American chain Gap. They are among a growing list of clothes being stitched together for big brands in Ethiopia.

  • *Ethiopia looks to build garment-making industry. KOMBOLCHA, Ethiopia, Nov 21- Checkered shirts for American chain Gap. They are among a growing list of clothes being stitched together for big brands in Ethiopia.

  • Investors in Zimbabwe are optimists by nature

    Cambria Africa CEO Samir Shasha discusses how markets are responding to the political crisis in Zimbabwe.

  • Chi Ping Patrick Ho, 68, of Hong Kong, and Cheikh Gadio, 61, of Senegal, were charged in a criminal complaint in Manhattan federal court with violations of the Foreign Corrupt Practices Act, international money laundering and conspiracy to commit both. "As alleged, Ho's Ugandan scheme was hatched in the halls of the United Nations in New York, when the country's...

  • 2018 will be a strong year for platinum, Zimbabwe could benefit: Pro

    World Platinum Investment Council CEO Paul Wilson speaks about how political upheaval in Zimbabwe is impacting the platinum marketplace.

  • Jean Devlin, Africa analyst at Control Risks, discusses the future of ousted Zimbabwean President Robert Mugabe.

  • CNBC Africa's Chris Bishop reports on the political crisis in Zimbabwe.

  • A soldiers checks the area where a suicide bomber from Somalia's Shebab insurgents killed at least 12 people and wounded 27 others, on September 8, 2014, by ramming a vehicle packed with explosives into a convoy of African Union troops in Mogadishu.

    The U.S. military said it killed more than 100 Islamist militants in Somalia when it launched an airstrike against the al Shabaab group.