Top Business Stories
Stalled reforms in focus at Nigeria oil summit
Tue, 22 Feb 2011
Uncertainty over reforms of
Nigeria's oil and gas industry and the potential for unrest in
the Niger Delta ahead of April elections will be among topics
high on the agenda at an energy summit in Abuja this week.
...read more
Shoprite H1 profit up, outlook positive
Tue, 22 Feb 2011
Shoprite, Africa's biggest
grocer, posted 13.6 percent rise in first-half profit as
cash-strapped consumers flocked to its mainstay South African
supermarket unit.
...read more
S.African truckers end week-long strike
Tue, 22 Feb 2011
South African truckers
ended their week-long strike on Monday after accepting an above
inflation salary increase of 9 percent, union officials and
employers said.
...read more
Flooding costs S.Africa farming $392 mln -industry
Tue, 22 Feb 2011
Floods in
South Africa have cost the farming sector about 2.8 billion rand
($392 million) in damages, and farmers are hoping for a
government bailout, an industry official said on Monday.
...read more
S.Africa's AECI lifts FY profit, outlook upbeat
Tue, 22 Feb 2011
AECI, the South
African maker of industrial chemicals and explosives, reported a
67 percent rise in 2010 profit on Tuesday as strong demand
offset unfavourable swings in currencies.
...read more
Stratex to drill for Ethiopia gold, silver
Tue, 22 Feb 2011
Stratex International Plc
plans to start drilling for gold and silver in the
second quarter of this year in northern Ethiopia, the
London-listed gold exploration firm said on Monday.
...read more
Ecobank Kenya targets up to 4 new branches this year
Tue, 22 Feb 2011
Ecobank's Kenyan unit plans to expand its 19-branch network by up to four
this year to tap opportunities in the small and medium sized
sector, its managing director said on Monday.
...read more
Barclays Kenya's pretax profit up 51 pct in 2010
Tue, 22 Feb 2011
Barclays Bank of Kenya's
pretax profit jumped 51 percent to 13.6 billion Kenya
shillings in 2010, helped by the one-off sale of its custody
business, the bank said on Tuesday.
...read more
IEA may release oil stocks if supply disrupted - Birol
Tue, 22 Feb 2011
Industrialised countries
would consider a coordinated release of oil from stocks to meet
any supply disruption stemming from the political turmoil in the
Middle East, the IEA's chief economist said on Tuesday.
...read more
Gaddafi defiant in face of mounting revolt
Tue, 22 Feb 2011
Libyan leader Muammar Gaddafi
signalled his defiance in the face of a mounting revolt against
his 41-year rule on Tuesday, making a brief appearance on state
television and denying he had fled the country.
...read more
Nigeria 2010 oil output avg 2.6 mln bpd - presidency
Tue, 22 Feb 2011
Nigeria's combined crude oil and
condensate production averaged 2.6 million barrels per day last
year due to a successful amnesty for militants in the
oil-producing Niger Delta, the presidency said on Monday.
...read more
S.Africa's WBHO H1 profit falls 19 pct
Mon, 21 Feb 2011
South Africa's Wilson Bayly Holmes Ovcon Ltd WBOJ.J posted a 19 percent drop in half-year profit, hurt by the slowdown in construction after the World Cup boom, and cautioned about the outlook for 2012.
...read more
Petra Diamonds upbeat on demand as H1 profit falls
Mon, 21 Feb 2011
Petra Diamonds PDL.L said it was positive for its full-year due to strong demand for rough diamonds as it posted in-line profits for the six months to end-December.
...read more
Uganda's Museveni wins disputed presidential vote
Mon, 21 Feb 2011
Ugandan President Yoweri
Museveni, one of Africa's longest serving leaders, won election
to a fourth term in office by a huge margin on Sunday but the
opposition rejected the outcome.
...read more
China rejects key G20 imbalance indicators
Mon, 21 Feb 2011
China rejected plans to use real
exchange rates and currency reserves to measure global economic
imbalances, casting doubt on the ability of Group of 20 major
economic powers to reach agreement at a meeting on Friday.
...read more
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