Weather New York, NY +60°F

Africa

Night Vigil for Xenophobic Attacks in SA

Gauteng, Economic Hub of South Africa, Contributes 35% To The National Economy

Global economic crisis has affected value of South African currency immensely. Amid such economic hardships, Gauteng province has recorded growth above the national average and 35% contribution towards national economy. Gauteng province premier, David Makhura has revealed the information while delivering his State of The Province Address.

Read Full Article
Unused Oil Rigs Docked In Cromarty Of Firth As Oil Slump Continues

Investment in oil, gas projects shrinking

Investment inflows into oil and gas projects are dropping significantly. The investments in oil projects in 2016 is forecast to fall below £1 billion from the five-year annual average of £8 billion.

Read Full Article
United Nations Hosts World Leaders For Annual General Assembly

The African Economic Summit Ends With Calls to Boost Economy With Investment

This year’s African economic summit was ended with calls to boost trade and investment on the continent. The conference aims to strengthen Africa’s place in the world economy through investment and to establish Egypt as a gateway for foreign investments.

Read Full Article
Opening Day Of The World Economic Forum (WEF) 2016

South African Finance Minister Orders Probe Into Eskom Coal Supply Deal

Eskom, a South African state owned power producer has attracted a probe over its deals for developing new power plants. Country’s finance minister has ordered the probe and cancelled post budget breakfast briefing scheduled to be broadcast by New Age newspaper. The move has been analyzed as a revolt within the government against Gupta family, intimate with President Jacob Zuma.

Read Full Article
SOUTH AFRICA-CAPE TOWN-ZUMA-ECONOMIC CHALLENGES

South Africa's economy flutters, GDP to slowdown

A gamut of factors are affecting the South African economy as dwindling inflows of money, weaker currency, rising unemployment rate and severe drought conditions are at their worst in 25 years. South Africa's GDP growth rate is projected to slowdown further in 2016.

Read Full Article
World Leaders Address The UN General Assmebly

African Dignitaries Join Investment Forum, Aims to Establish a Free Trade Zone

Heads and ministers of some African countries, representatives from business groups and other dignitaries will meet in Africa 2016. Egyptian government has organized the summit scheduled to be held on February 20-21. During the summit, the participant leaders will discuss ways to remove hurdles in Businesses and establishing a free trade zone in Africa.

Read Full Article
Company Signs

Starbucks Latest Spicy Brews: Smoked Butterscotch Latte and Teavana Citrus Green Latte

Starbucks have brewed some new additions to its mouth-watering menu. The company introduces the Smoked Butterscotch Latte together with the Teavana Citrus Green Latte, whether hot or cold and other versions of Frappuccino. This latest addition is available in U.S. and Canada only.

Read Full Article
Anglo American Plc Chief Executiver Officer Mark Cutifani Interview

Anglo American loss widens on write-downs

Anglo American Plc suffered a pre-tax loss of $5.5 billion (£3.8bln) for 2015 year. The 2015 loss was more than twice the loss incurred in 2014. As part of its future strategy, Anglo American is planning to shift its focus to copper, platinum and diamonds.

Read Full Article
Anglo American Plc's South African Headquarters As CEO Cynthia Carroll Quits

Anglo American Plc Announced to Sell Its Share in Kumba Iron Ore

One of the world's biggest mining company Anglo American Plc announced to sell its share in Kumba Iron Ore on Tuesday. The South African multinational company has suffered loss in its full-year performance.

Read Full Article
Key Speakers At The 'Ignition: Future of Digital' Conference

Pandora selling itself; stock soars over 10%

Pandora Media Inc has engaged Morgan Stanley to facilitate the selling itself including identifying potential buyers. Pandora has been spending heavily to attract more number of users amid increasing competition in internet radio space.

Read Full Article
Refugees Flock To Dadaab As Famine Grips Somalia

Zimbabwe Suffers Severe Drought And Is In Need Of $1.5 Billion Aid

Zimbabwe suffers a massive disaster in the form of drought which has hit immensely on the entire country. The Vice president Emmerson Mnangagwa has appealed for $1.5bn aid from the local businesses and charities to save more than a quarter of his population from extreme water scarcity.

Read Full Article
TO GO WITH AFP STORY BY JEAN-MARC MOJON

African coffee producers suffer from low prices

The increasing output in Brazil and falling prices are posing a major challenge to African coffee producers. Coffee exports revenues are a major source of income for several African nations. The coffee production in Brazil is forecast to reach 52 million of bags in 2016 from 43.2 million bags in 2015.

Read Full Article
ETHIOPIA-DROUGHT-AID-UN

Public spending propels Africa's fastest growing economy Ethiopia

The east African nation Ethiopia is poised to grow at 8.1 percent in 2016 from 8.7 percent growth in 2015. This makes Ethiopia a fastest growing nation in the world. The government spending on infrastructure projects is mainly driving the economy growth.

Read Full Article
Inside The Vodacom Group Ltd. Headquarters As Vodafone's Africa Business Rises

Vodacom's Q3 revenues up 8.7%; sees weaker growth

Vodacom Group Ltd has recorded 8.7 percent growth in third quarter revenues. The South Africa-based mobile phone company is focusing on subscribers and high-speed network expansion. Vodafone is expanding internet services and strengthening its network amid rising domestic competition.

Read Full Article
Chinese consumers are taking pictures of the gold..

China's gold demand rises as investors seek safe haven

The gold buying demand from China is surging from last December onwards owing investors' priority to safe haven assets. The sluggish stock markets, weaker currency and lower global prices are prime reasons for the rising demand for the yellow metal. The consumption rose 3.7 percent to 985.9 metric tons in 2015.

Read Full Article
1 2 3 4 5 6 7 8 9 10  

Subscribe to VCpost newsletter

Sign up for our Deals of the Day newsletter.
We will not spam you!

Real Time Analytics