Markets: Latest News
Makula Dunbar, 2:01 pm
Economic experts have predicted a further decline in Zimbabwe’s inflation rate as the country’s economy slows down and local prices track the declining value of the South African rand, resulting in generally decreasing local prices.
Dana Sanchez, 12:44 pm
People no longer come to Libya as tourists, said Mohammed Bujila, head of antiquities at Sabratha, the Libyan coastal city whose Roman ruins once attracted 20,000 foreigners a year.
Dana Sanchez, 11:02 am
Libya wants overseas assets returned to help replenish its sovereign wealth fund. The Libyan Investment Authority’s value dropped from $61 billion in 2008 to about $57 billion.
Dana Sanchez, 10:07 am
One Africa Media owns online marketplaces for cars, real estate, travel services and employment websites for Nigeria and Kenya. For job recruitment giant Seek, this purchase represents a foray into different businesses, not just a new geographic region.
Dana Sanchez, 5:43 pm
Established coffee shops in corporate buildings can become meeting points for those looking for a relaxed environment to discuss business, and this has become part of vida e caffé’s business strategy.
Dana Sanchez, 5:09 pm
Political uncertainty in Madagascar might have limited business and economic growth in the past, but the country has blossoming textile and eco-tourism industries.
Dana Sanchez, 3:29 pm
Financing is key for African renewables, a report says. Investors need strong relationships with local banks and international development finance institutions to access affordable capital.
Dana Sanchez, 12:59 pm
FedEx plans to ground express flights between Asia and the U.S. in July, and faces a shift by international shipping customers away from priority service to cheaper options, a report says.
Makula Dunbar, 10:54 am
Though Kenya is often spotlighted as East Africa’s technology and innovation leader, a recent world bank report reveals the nation’s economic growth doesn’t measure up to its East African neighbors
Dana Sanchez, 3:22 pm
Of the 174,000 tons of cashew nuts exported from Tanzania in the 2011-2012 season, most were purchased raw, exported and processed abroad, mainly in India. Then the cashews were re-exported to other countries at a higher price, a report says.
- Real Estate