Monday, May 19, 2014
Libya's economy has taken a heavy hit since rebels blockaded export terminals last summer, slashing all-important oil revenues, but it has enough reserves to weather the storm for now, analysts and politicians say.
The future may be bitter for chocolate lovers unless cocoa producers step up their output dramatically to satisfy an expected surge in demand from emerging market countries, an industry executive warns.
Thursday, May 15, 2014
Samsung Electronics promised on Wednesday to pay compensation to a number of employees who claim they contracted cancer from working at the company's semiconductor plants.
Tuesday, May 13, 2014
China on Sunday signed a deal to build a US$3.8 billion rail link between Kenya's Indian Ocean port of Mombasa and Nairobi, the first stage of a line that will eventually link Uganda, Rwanda, Burundi and South Sudan.
Monday, May 5, 2014
Despite colossal investment, Angola's goal of pumping two million barrels of oil a day and even upstaging Nigeria as Africa's largest producer remains a pipe dream.
Thursday, May 1, 2014
Microsoft will later this year start offering its Xbox One game console with a local partner in China, where such devices were banned for more than a decade.
Monday, April 28, 2014
Terrorist threats and wildlife poaching hurt Kenya's tourist industry for a second year in a row in 2013, where the number of visitors slumped 11 percent, press reports said Saturday.
Wednesday, April 23, 2014
Netflix is preparing a sequel unlikely to be a hit with its subscribers. The Internet video service is about to raise its prices for the first time in three years to help pay for more Internet video programming such as its popular political drama “House of Cards.”
Monday, April 21, 2014
Carlyle last week became one of the first major private equity players to launch a dedicated sub-Saharan Africa fund, underscoring the growing investor interest in the continent's growing middle class.
Saturday, April 19, 2014
PepsiCo reported a stronger-than-expected quarterly profit as the company sold more snacks around the world and hiked prices, including on its drinks.