Facebook opens first Africa office

Last Updated: Monday, June 29, 2015, 23:37

Facebook announced today it had opened its first African office in Johannesburg as part of its efforts "to help people and businesses connect" on the continent.

India seeks to expand marine food exports to Africa

Last Updated: Monday, June 22, 2015, 08:26

A 50-member delegation from the Ministry of Commerce and Industry participated in Africa's biggest trade fair - the South African international trade exhibition (SAITEX) - that started here today.

Africans negotiate `one trade regime` for common market

Last Updated: Sunday, June 7, 2015, 20:37

The business community, in particular, would benefit from an improved and harmonised trade regime which reduces the cost of doing business as a result of the elimination of overlapping trade regimes, officials say.

New 'Cape to Cairo' free trade pact hailed as Africa milestone

Last Updated: Sunday, June 7, 2015, 09:14

The launch of a free trade agreement by three African economic blocs in Egypt this week will be an important step towards a potentially game-changing common market spanning the continent, supporters say.

South African Indians lead rise in new millionaires

Last Updated: Sunday, May 17, 2015, 19:47

They were among the 9 percent increase in the number of South Africans who have assets totalling more than USD 1 million.

Airtel Africa appoints ex-MTN executive as MD for Chad

Last Updated: Thursday, April 23, 2015, 11:46

Telecom major Bharti Airtel on Thursday announced that its African unit has appointed former executive of South Africa-based telecom operator MTN, Anwar Soussa, as the Managing Director for Airtel Chad with effect from May 1.

Diageo to buy Mallya's remaining 50% stake in African firm

Last Updated: Thursday, April 2, 2015, 13:51

"Diageo will acquire this further interest from Pestello Investments Inc for an initial payment of USD 22 million and a potential earn-out payment of up to USD 14 million," the statement added.

Airtel, UNICEF pact to provide education content in Africa

Last Updated: Wednesday, February 18, 2015, 15:48

Bharti Airtel has partnered with UNICEF to provide health, education and youth-focussed content to its customers in 17 African countries.

Exim Bank to provide $22.5 mln line of credit to Gambia

Last Updated: Wednesday, February 11, 2015, 20:04

Exim Bank will provide a line of credit of USD 22.5 million to Gambia for financing electrification project in the African nation.

RBI allows repos in debt issued by multilateral bodies

Last Updated: Tuesday, February 3, 2015, 22:36

To boost the tepid corporate bonds market, RBI on Tuesday allowed bonds issued in Indian market by multilateral agencies such as World Bank Group, ADB and African Development Bank to be considered as eligible underlying for repo in corporate debts.

Godrej Consumer acquires South Africa's Frika Hair

Last Updated: Tuesday, January 6, 2015, 17:06

FMCG major Godrej Consumer Products Ltd Tuesday said it has fully acquired South Africa's hair extensions firm Frika Hair (Pty) Ltd for an undisclosed sum in order to consolidate its position in the South African market.

Zimbabweans on target for rampant Chiefs in South African Premiership

Last Updated: Sunday, February 2, 2014, 16:44

Zimbabweans Kingston Nkhatha and Knowledge Musona scored as Kaizer Chiefs triumphed 2-0 at Moroka Swallows to take a 10-point lead in the South African Premiership this weekend.