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African companies

  • Wednesday, 19 June, 2024
    Guinness Nigeria PLC
    The Singaporean firm betting on Nigeria amid multinationals’ ‘exodus’

    Family-owned Tolaram bought Guinness shares from Diageo in Africa’s largest but volatile market

    People in Lagos, Nigeria, relaxing and drinking a Guinness beer
  • Sunday, 16 June, 2024
    Airlines
    RwandAir says Qatar Airways closing in on acquiring stake

    Carriers have been working on a deal expected to boost capacity in fast-growing market

    A Rwandair plane at the Kanombe, Kigali International Airport in Kigali
  • Tuesday, 11 June, 2024
    Diageo PLC
    Diageo sells majority stake in Guinness Nigeria to Singapore’s Tolaram

    Spirits group scales back presence in country amid currency and economic crisis

    A picture of a Guinness can
  • Thursday, 6 June, 2024
    Special ReportAfrica’s Fastest Growing Companies
    TymeBank expands digital footprint as South Africa’s online-only lender

    Growth plans must contend with areas of high unemployment and customers who have fluid living arrangements

    In a bustling grocery store, a woman in a blue blouse extends her payment card to a cashier dressed in a light blue shirt and glasses. The checkout area is equipped with modern payment terminals, and the store’s shelves filled with products are visible in the background
  • Thursday, 6 June, 2024
    Special ReportAfrica’s Fastest Growing Companies
    Africa businesses struggle to recover from Covid pandemic

    List of top 125 shows companies that have performed well in difficult times

    An illustration shows four people engaging in various shopping activities using giant smartphone screens as doorways. On the far left, a woman carries a basket on her head while opening a refrigerated section of a phone. Next, an older woman walks out of a phone carrying shopping bags. In the third phone, a young man picks fresh produce handed to him by a vendor. On the far right, a man in a red shirt, possibly a store employee, smiles and waves from behind another smartphone screen. The scene is set against an orange sky and grassy ground
  • Thursday, 6 June, 2024
    Special ReportAfrica’s Fastest Growing Companies
    Asset managers assess Africa's best investments

    Investing in Africa is the easy bit, say some leading investment managers. Getting your money back is the problem

  • Monday, 27 May, 2024
    Mining
    Abu Dhabi conglomerate embarks on flurry of mining deals

    Business owned by IHC broke into market last year with acquisition of a major Zambian copper mine

    Syed Basar Shueb with IHC’s logo on the wall behind him
  • Wednesday, 22 May, 2024
    South Africa
    South Africa’s blackouts crisis is ‘fixed’, says Eskom

    Chair of state-owned utility makes claim about outages days ahead of crucial vote for ruling ANC

    A shop owner picks an item for a customer by candlelight during power outages by South African utility Eskom
  • Wednesday, 22 May, 2024
    Agricultural commodities
    ETG threatens international arbitration in dispute over $60mn seizure

    Commodities house urges Mozambique to resolve commercial fight after rival seizes food export

    Dal
  • Friday, 17 May, 2024
    Naspers Ltd
    Tencent investor Naspers appoints Bloisi as new chief

    Head of Brazil’s biggest food delivery app expected to maintain strategy of buying back shares

    Fabricio Bloisi
  • Wednesday, 15 May, 2024
    Mining
    Glencore chief backs South Africa as Anglo takeover battle rages

    Gary Nagle’s praise came hours after the country’s storied miner announced it would break itself up

    Workers inspect batches of processed copper at Mutanda Mining Sarl, owned (69%) by Glencore
  • Tuesday, 14 May, 2024
    The ranking: Africa’s Fastest Growing Companies 2024

    List of 125 includes many businesses that have overcome the Covid pandemic and the continent’s economic problems

  • Friday, 10 May, 2024
    Moral Money
    Société Générale among French and UK banks pulling back from Africa Premium content

    Institutions had touted Africa as a growth market that would bolster their sustainability credentials

    Palm trees flank an office block
  • Thursday, 9 May, 2024
    News in-depthAnglo American PLC
    South Africa ponders ‘corporate sunset’ for Anglo American

    Journey from industrial behemoth to takeover target reflects country’s decline as a mining powerhouse

    Striking miners in Marikana in 2014
  • Tuesday, 7 May, 2024
    Kenya
    Kenya president set for landmark US state visit as Russia builds Africa influence

    William Ruto hails relationship with Washington and pushes for extension of Africa trade pact

  • Friday, 3 May, 2024
    Anglo American PLC
    South African watchdog says it will have last word on BHP bid for Anglo

    Country’s independent Competition Commission vows to assess any takeover on ‘public interest’ grounds

    The Waterval smelter, operated by Anglo American Platinum, outside Rustenburg, South Africa
  • Thursday, 2 May, 2024
    Mining
    BHP says Anglo deal structure is not a negative reflection of South Africa

    Statement comes as the Australian miner’s chief executive visits country after political backlash

    Workers at the Waterval smelter, operated by Anglo American Platinum, outside Rustenburg, South Africa
  • Saturday, 27 April, 2024
    News in-depthMining
    How Anglo American turned into prey

    The 107-year-old South African mining group, long resistant to change, has now rejected a takeover offer from BHP

    Processing plant at the Sishen open-cast mine, operated by Anglo American’s Kumba Iron Ore
  • Friday, 26 April, 2024
    News in-depthAnglo American PLC
    Why South Africa is Anglo American’s ‘poison pill’

    BHP, whose £31bn bid for Anglo has been rejected, faces fraught politics and complicated history in the country

    An Anglo American platinum mine in South Africa
  • Monday, 22 April, 2024
    African economy
    Africa-focused fund draws early investors to tech industry

    TLcom Capital doubles previous amount to raise $154mn for continent’s start-ups in a move that could help ease sector gloom

    TLcom partners, from left to right: Ido Sum, Omobola Johnson, Andreata Muforo, Maurizio Caio and Eloho Omame
  • Sunday, 14 April, 2024
    News in-depthNigeria
    Currency crisis pushes consumer groups from Nigeria

    Economic problems have overshadowed promise of Africa’s most populous country for big brands

    A woman stands behind a machine at a Unilever factory in Nigeria
  • Wednesday, 10 April, 2024
    MTN Group Ltd
    South Africa’s MTN to boost investment in generators to combat blackouts

    Telecoms group joins growing list of companies plugging shortfalls from state electricity provider

    A woman uses a paraffin light while cooking during an electricity blackout at her home in Soweto, South Africa
  • Tuesday, 9 April, 2024
    UK immigration
    Rwandan state airline rejected UK proposal to fly asylum seekers to Kigali

    RwandAir was concerned about reputational risk associated with British government’s contentious scheme

    A RwandAir aircraft
  • Monday, 8 April, 2024
    Media
    Canal+ confident it can overcome regulatory hurdles as it pursues MultiChoice

    French group must navigate South African legislation limiting foreign ownership of national broadcasters

    A MultiChoice logo is displayed outside a company building in Cape Town, South Africa
  • Friday, 5 April, 2024
    Naledi Pandor
    Bringing South Africa to its knees would be self-sabotage for the US

    Our bilateral relations have always been economically beneficial on both sides

    A miner wearing a headtorch on his helmet operates drilling machinery in a mine shaft
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