Business

Business: Runaway debt risks sending SA over a fiscal cliff, warn Fitch and Moody’sBusiness: Runaway debt risks sending SA over a fiscal cliff, warn Fitch and Moody’s

Business: Runaway debt risks sending SA over a fiscal cliff, warn Fitch and Moody’s

Fitch Ratings and Moody’s Investor Services warned on Friday that the country risked going over a fiscal cliff following Finance…

June 29, 2020
Busines: African, global telecom giants bid to enter Ethiopia marketBusines: African, global telecom giants bid to enter Ethiopia market

Busines: African, global telecom giants bid to enter Ethiopia market

Twelve telecom companies have thrown their hat into the race to enter the Ethiopian market according to the country’s communications…

June 28, 2020
Business: South Africa unlikely to stabilise debt by 2023-Moody’sBusiness: South Africa unlikely to stabilise debt by 2023-Moody’s

Business: South Africa unlikely to stabilise debt by 2023-Moody’s

The South African government target to stabilise its ballooning debt by 2023 will be very difficult to achieve and unlikely,…

June 27, 2020
COVID-19: Kenya Airways loses $100 million in revenueCOVID-19: Kenya Airways loses $100 million in revenue

COVID-19: Kenya Airways loses $100 million in revenue

Kenya Airways has lost an estimated $100 million in revenue as a result of the coronavirus pandemic and related lockdowns,…

June 26, 2020
Business: Kenya and South Africa dominate Africa’s private equity fundBusiness: Kenya and South Africa dominate Africa’s private equity fund

Business: Kenya and South Africa dominate Africa’s private equity fund

Kenya has attracted Venture Capital deals worth Sh74.3 billion in the past five years, second highest in Africa after South…

June 25, 2020
South Africa urges creditors to back rescue planSouth Africa urges creditors to back rescue plan

South Africa urges creditors to back rescue plan

South Africa’s public enterprises ministry on Wednesday urged creditors to back a rescue plan for cash-strapped South African Airways (SAA).…

June 24, 2020
Business: Sasol’s troubled Lake Charles project now operating at 86% capacityBusiness: Sasol’s troubled Lake Charles project now operating at 86% capacity

Business: Sasol’s troubled Lake Charles project now operating at 86% capacity

Sasol's delayed multibillion dollar Lake Charles project in the US is now operating at 86% of its total capacity. The…

June 23, 2020
Business: Ramaphosa Warns of More Job Losses in South AfricaBusiness: Ramaphosa Warns of More Job Losses in South Africa

Business: Ramaphosa Warns of More Job Losses in South Africa

South African President Cyril Ramaphosa warned of widening job losses as the effects of a shutdown to curb the spread…

June 22, 2020
Business: Mboweni’s dark hour | This week’s budget may unite leaders or crush the facadeBusiness: Mboweni’s dark hour | This week’s budget may unite leaders or crush the facade

Business: Mboweni’s dark hour | This week’s budget may unite leaders or crush the facade

Finance Minister Tito Mboweni is a man who is not above using humour to get a sincere point across. He…

June 21, 2020
Business: Hope renewed as agency vows revived railway use in KenyaBusiness: Hope renewed as agency vows revived railway use in Kenya

Business: Hope renewed as agency vows revived railway use in Kenya

A team of technocrats and politicians commuting on a trial run on the Nairobi-Nanyuki railway escaped unhurt when their one…

June 20, 2020