* Oil-rich Angola to raise $1 billion in Eurobonds this year* Demand seen strong due to strong economy, demand for risk* Political risk limited, but transparency concerns mayweighBy Shrikesh LaxmidasLISBON,...
Africa : Commodity Bridgehead to Asia
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Modern open-plan offices are breeding grounds for contagious illnesses, writes Rebecca Greenfield.
"You may get a gold star for showing your sniffling face at the office and soldiering through the workday to prove your value - but everyone around you just gets sick. You're an inconsiderate work hazard"
Stanbic Bank Kenya says interest-rate caps imposed by the government are a “painful penalty” that will curb income.
"Stanbic Bank Kenya, the lender controlled by Africa’s largest bank by assets, said interest-rate caps imposed by the government are a “painful penalty” that will curb the income the lender earns from loans"
Nigeria's gross domestic product contracted by 2.06 percent in the second quarter, sending the economy into a recession.
"Nigeria's gross domestic product (GDP) contracted by 2.06 percent in the second quarter, the statistics office said on Wednesday, sending Africa's biggest economy into a recession after a decline in the first quarter"
Home shopping retailer HomeChoice International has continued with its impressive momentum.
"Home shopping retailer HomeChoice International has continued with its impressive momentum when it reported a 15.8 percent growth in revenue to R1.2 billion for the six months to June, despite the weak consumer environment impacting on its lower income earners"
The S&P 500 fell for the fourth time in five sessions on Tuesday, but was still within 1% of its record closing high set earlier this month.
"Apple was the largest weight on US stock indexes on Tuesday after antitrust regulators ordered the company to pay about $14.5 billion in back taxes to the Irish government, but gains in bank shares partly offset the decline"
SA’s central bank hammers home its independence after comments by ANC deputy secretary-general Jessie Duarte.
The South African Reserve Bank (SARB) said yesterday that it had noted recent comments by ANC deputy secretary-general Jessie Duarte, that “our Reserve Bank needs to cushion the rand, but the Reserve Bank itself is privately owned and so we have a difficulty”
MTN, SA’s second largest cellular group, on Wednesday confirmed it had poached Enzo Scarcella from Telkom.
"MTN, SA’s second largest cellular group, on Wednesday confirmed it had poached Enzo Scarcella from Telkom"
Public Enterprises Minister Lynne Brown tells Eskom to hand over a report to the Treasury about its dealings with Gupta-linked firms.
"South African Public Enterprises Minister Lynne Brown tells Eskom to hand over a report to the Treasury about its dealings with Gupta-linked firms"
SA furniture retailer Steinhoff sees full-year revenue rise by a third as its European business performs well.
"South African furniture retailer Steinhoff saw full-year revenue rise by a third as the company, which is buying the United States' Mattress Firm and Britain's Poundland, said its European business had performed strongly"
British Prime Minister Theresa May meets members of her government today to discuss how to leave the European Union.
"After a summer of political earthquakes followed by a few weeks of holiday calm, Prime Minister Theresa May will meet members of her government on Wednesday to discuss how Britain is to leave the European Union"
Eskom chief executive Brian Molefe says he has no legal basis to block a Gupta-controlled company.
"South African power utility Eskom on Wednesday defended doing business with a company linked to the wealthy Gupta family that is accused of holding undue political sway over President Jacob Zuma"
The days of big American technology companies slicing tax bills in Europe could be coming to an end.
"The days when big US technology companies could easily slice tax bills in Europe are coming to an end"
Glencore has worked very hard to heal some self-inflicted wounds, writes Liam Denning.
"A year ago, Glencore was staring into the abyss. But having hit an all-time low in September 2015, the stock has since gained 161 percent, trouncing its London-listed mining rivals"
Britain’s decision to leave the EU caused the pound to slump - and Steinhoff is concerned that its UK businesses will be affected.
"South Africa's Steinhoff warned on Wednesday the slump in the pound after Britain's vote to leave the European Union would hurt its UK business as the furniture conglomerate fell a touch short of estimates with a one-third rise in annual sales"
Burkina Faso experienced a gold rush in recent years because of the high grades found in some deposits - and the country says there’s more to come.
"Burkina Faso said it has more gold waiting to be discovered as the nation where output jumped more than 20 times in a decade reviews its geological records"
EU regulator says the globe’s richest company benefited from selective tax treatment that gave it an advantage over other businesses.
"The world’s richest company benefited from selective tax treatment that gave it an unfair advantage over other businesses, the European Union regulator said on Tuesday. It’s the largest tax penalty in a three-year campaign against corporate tax avoidance. Apple and Ireland both vowed to fight the decision in the EU courts"
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Uganda's government is being accused of caring more about gorilla tourism than Batwa pygmies, write Tommy Trenchard and Aurelie Marrier d'Unienville.
"Uganda's government is being accused of caring more about gorilla tourism than Batwa pygmies"
Joseph Stiglitz: The US ought to learn a thing or two from Mauritius, where all citizens enjoy high standards of healthcare and education
"Mauritius, a small island nation off the east coast of Africa, is neither particularly rich nor on its way to budgetary ruin. Nonetheless, it has spent the last decades successfully building a diverse economy, a democratic political system and a strong social safety net. Many countries, not least the US, could learn from its experience"
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Sub-Saharan Africa is losing $95 billion annually due to fewer jobs given to women on the continent, a United Nations (UN) report showed
"African women have been overshadowed by men in economic production and hold only 66 percent of all jobs in non-agricultural informal sector, according to Africa Human Development Report 2016"
Sir Alex Ferguson-backed BOS Ice Tea is a South African success story with aspirations of penetrating the US market, and we believe that they will.
"Legendary former Manchester United coach Sir Alex Ferguson backs BOS Ice Tea, a South African success story that aspires to penetrate the U.S. market. The healthy drink brand has done well in Europe, and has plans to expand. Its target? American iced tea drinkers"
The Nigerian naira hit a new record low of 414 to the dollar in the parallel market on Monday
"The Nigerian naira hit a new record low of 414 to the dollar in the parallel market on Monday as the continents second largest economy continued to struggle with a biting scarcity of foreign exchange, with market pundits predicting further pressure in the foreign exchange market this week"
Share in Kenyan banks have suffered the worst fall in years over the last one week after the president signed a legislation capping interest rates
"Share price in more than half of banks listed on the Nairobi Securities Exchange fell to their one-year low by the end of last week as investors reacted to the news that the cost of credit had been capped"
Fairtrade wants to put its stamp on conflict-free gold: 90% of the labor force involved in gold mining is artisanal, small-scale and vulnerable.
"The U.K.-based Fairtrade Foundation wants Fairtrade gold to becomes the norm in the jewelry industry. In September and October, it’s holding five conferences in England, Scotland and Wales. It will also launch a Fairtrade gold business advice clinic to help boost awareness of Fairtrade gold jewelry at a local level"