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Facebook

Facebook to launch satellite in 2016 to give Internet access to remote places

In a respectable attempt to provide access to the Internet throughout hard-to-reach places, Facebook is scheduling a satellite launch this 2016 that aims to make the World Wide Web readily accessible to people living in remote parts of Africa.

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American flag

Nielsen Encourages Marketers to Set Their Eyes on Wealthy Blacks

Nielsen reported last Thursday that American marketers and media companies should set their eyes on wealthy black American consumers. CNN Money writes that the report is focused on black American, which includes African-Americans and black immigrants, with at least $75,000 annual income. Nielsen's Cheryl Pearson-McNeil, said black in the US has a collective $1.1 trillion in buying power. "You can't ignore that," she said.

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Migrant crisis

Immigrants beneficial to Germany in the long run

At a time when anti-immigration groups in Germany are raising voices against the influx of immigrants in big numbers, the debate on whether immigrants would be a burden or beneficial on the economy remains vibrant.

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BHS (British Home Store)

New BhS owners are looking for £70M to finance revival

Retail Acquisitions, the new owner of department store chain BhS seeks for funding of 70 million pounds several months after buying it. The new owners are now talking with prospect providers for additional funds that would help them transform the iconic brand.

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android one

Google brings Android One to Africa

Google's Android One initiative is now officially on its way to Africa. For those who may not be familiar with Android One, it is an initiative started by the search engine giant, Google, as a way to help bring inexpensive yet still useful smartphones to developing countries, according to Business Insider Australia.

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Ivory

U.S. pushes China on ivory trade, wildlife NGOs

A senior U.S. official told China on Friday that its legal imports of ivory act as a loophole for illegal traders, and that it needs to understand the importance of wildlife NGOs.

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Nestle

Nestle scales back Africa workforce

Swiss food and drinks company Nestle (NESN.VX) is cutting 15 percent of its workforce in 21 African countries, the company confirmed on Wednesday.

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Shopping centre

Wal-Mart makes slow progress navigating Africa's challenges

When Wal-Mart Stores Inc (WMT.N) spent $2.4 billion on a stake in South Africa's Massmart (MSMJ.J) five years ago, the world's biggest retailer said it was buying a gateway to high-growth markets in sub-Saharan Africa.

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Industrial and Commercial Bank of China Ltd

China agrees $2-billion infrastructure deal with Equatorial Guinea

China's biggest lender by assets, Industrial and Commercial Bank of China, said on Wednesday it had signed an infrastructure pact worth $2 billion with the oil-rich west African nation of Equatorial Guinea.

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Cocoa

African cocoa a golden ticket for Tanzania chocolate factory

Jaki Kweka is that rare breed of gourmet chocolatier. She makes fine chocolate in Africa using local African ingredients.

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Standard Chartered

StanChart targets wealthier customers in retail bank revamp

Standard Chartered Plc (STAN.L) will shift its retail banking focus to affluent clients from ordinary customers and urge them to bank online as part of a broader restructuring led by embattled CEO Peter Sands, a senior executive told Reuters.

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Railway

Ethiopia bets on grand projects in drive for industrial power

Chinese workers mingle with Ethiopians putting the finishing touches to a metro line that cuts through Addis Ababa, one of a series of grand state infrastructure projects that Ethiopia hopes will help it mimic Asia's industrial rise.

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Bill and Melinda Gates

Gates foundation sees huge gains against disease, poverty by 2030

Worldwide child deaths will be halved over the next 15 years, polio, guinea worm and river blindness will be eradicated, and there will be a single-dose cure for malaria.

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Mark Zuckerberg

Facebook's Zuckerberg brings free Internet to Colombia, mute on China

Facebook Inc Chief Executive Mark Zuckerberg launched a free Internet application in Colombia on Wednesday as part of a drive to bring developing markets online, but remained mute on when and if the company would look to move into China.

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Medicine

Aspen, Cipla win share of $860 million South Africa AIDS drug tender

South Africa will spend 10 billion rand ($860 million) between 2015 and 2017 on life-prolonging HIV/AIDS treatment drugs, health authorities said on Wednesday, as studies show the prevalence of the virus is rising.

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