Africa

Businessman Who Shot His Wife to Death Thinking She Was an Intruder Gets Only 12 Years in Prison

A South African businessman was sentenced to 12 years in prison for shooting his wife to death after he mistook her for an intruder in their home.


Tesla Slashes EV Prices in China, Germany and Other Countries in Europe as Sales Drop

Tesla has implemented price reductions in key markets such as China, Germany, and other European countries, following similar cuts in the United States...

Moderna Pauses Kenya Plant Plan After Losing $1 Billion as COVID-19 Vaccine Demand Slumps

Moderna announced on Thursday that it has decided to halt its plans to construct a vaccine manufacturing facility in Kenya due to a decrease in demand for COVID-19 vaccines after the pandemic...

Former CEO Shoots Himself to Commit Suicide After Receiving $25 Million Record-Breaking Fine for Fraud at Steinhoff

After being notified of an arrest warrant against him, a former CEO of Steinhoff was found dead in what authorities suspect to be a suicide...


Latest News

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.
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
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 break
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
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
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 ve
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 plann
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 perfor
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
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 an
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