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Chinese production companies directly offer their luxury products at wholesale rates online because they were created for luxury retailers. Social media reveals places where suppliers create luxury products for Birkin and other premium brands including…
African content is getting more attention around the world. While Nigerian films (Nollywood) are already well-known, East Africa—especially Kenya—is starting to shine too. Kenya is now creating shows that people everywhere want to watch. Companies…
Standard Bank, which has come under fire for continuing to fund new fossil fuel projects on the continent, says it will do proper diligence to ensure that the projects it invests in do not harm…
Steinhoff International Holdings NV is getting close to reaching a potential deal on 10 billion euros (around R188 billion) of legal claims lodged against the global retailer following an accounting scandal that almost wiped out…
African cross-border fintech startup Chipper Cash has closed a $13.8 million Series A funding round led by Deciens Capital and plans to hire 30 new staff globally. The raise caps an event-filled run for the…
The Grand Ethiopian Renaissance Dam (GERD) on the Blue Nile river has become a major point of contention between Ethiopia, Egypt and Sudan. Ethiopia, which hopes to double its electricity generation capacity through the project,…
An initiative, which involves a $40 million fertilizer-revolving facility and another $170 million for value addition is to be implemented in the Eastern, Northern, Western, Central, Lusaka and Copperbelt provinces under the first phase from…
The International Monetary Fund's discussions with South Africa over a $4.2 billion loan to support its fight against the coronavirus pandemic are taking place at a "measured pace" because the country's deep and liquid capital…
Fitch Ratings and Moody’s Investor Services warned on Friday that the country risked going over a fiscal cliff following Finance Minister Tito Mboweni’s Supplementary Budget last week, which left both rating agencies unimpressed. Fitch said…
Twelve telecom companies have thrown their hat into the race to enter the Ethiopian market according to the country’s communications regulator. The bidders range from top players across the continent and a number of global…
The South African government target to stabilise its ballooning debt by 2023 will be very difficult to achieve and unlikely, ratings agency Moody’s said on Thursday. The Treasury on Wednesday presented a supplementary budget in…
Kenya Airways has lost an estimated $100 million in revenue as a result of the coronavirus pandemic and related lockdowns, CEO Allan Kilavuka told reporters on Friday. “We don’t have the full picture of how…
Kenya has attracted Venture Capital deals worth Sh74.3 billion in the past five years, second highest in Africa after South Africa, the latest continental private equity report shows. The inaugural report on venture capital, entitled…
South Africa’s public enterprises ministry on Wednesday urged creditors to back a rescue plan for cash-strapped South African Airways (SAA). Creditors are due to vote on the restructuring plan on Thursday, but one of the…
Sasol's delayed multibillion dollar Lake Charles project in the US is now operating at 86% of its total capacity. The alcohols plant at the project based in the US state of Louisiana is now operational,…
South African President Cyril Ramaphosa warned of widening job losses as the effects of a shutdown to curb the spread of the coronavirus batters the economy. Companies in the aviation, construction, entertainment and hospitality sectors…
Finance Minister Tito Mboweni is a man who is not above using humour to get a sincere point across. He also does not believe that he should hold his tongue simply because his views are…
A team of technocrats and politicians commuting on a trial run on the Nairobi-Nanyuki railway escaped unhurt when their one coach train hit a car at a non-designated level crossing point. The group of investors…
She is for the moment the most formidable African candidate for the post of president of the World Trade Organization. Nigerian Ngozi Okonjo-Iweala officially received support from Benin, which has withdrawn its candidate Eloi Laourou.…
While the mining industry overall was hard hit by the coronavirus pandemic, it is junior miners who sustained the heaviest blows - with some fighting to survive as their viability is threatened. The mining sector…
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