Tuesday, May 19, 2015
Power outages are the biggest brake on South Africa's economic growth, Finance Minister Nhlanhla Nene said Monday, as factories, homes and offices across the country continue to suffer from long electricity cuts.
Monday, May 11, 2015
South Africa's annual season of labor strikes often turns violent, but a recent wave of deadly xenophobic attacks has heightened fears that this year's protests could fuel further aggression towards migrant workers.
Wednesday, April 29, 2015
Royal Philips NV, the world's biggest lighting maker, said Tuesday higher restructuring costs wiped out gains from higher sales to reduce first-quarter net profit by 27 percent to 100 million euros (US$109 million).
Monday, April 27, 2015
Many U.S. companies drag on complying with a law against financing armed movements active in eastern Democratic Republic of Congo (DRC) through the purchase of "conflict minerals," according to a new study.1 Comment
A wave of xenophobic attacks in South Africa could provoke reprisals from neighboring countries, raising concerns among South African business leaders and officials that the violence against foreigners could further damage the weak economy.
Monday, April 20, 2015
Still smarting from a jihadist attack that killed 21 foreign tourists last month, Tunisia is hoping to save the summer season with new security measures and an ad campaign touting its safety as a destination, but industry leaders are glum.
Monday, April 6, 2015
"We live in a city ... that has no roads, no infrastructure, no schools, no water, no electricity and no jobs," says young democracy activist Tresor Akili of his home town of Goma in the east of Democratic Republic of Congo, where decades of war and a myriad of militias have bled the population dry.
Clinging to cheap kitchenware and the hope of a better life, Fatima Kamara hawks her goods to travelers when she should probably be doing her homework.
Monday, March 30, 2015
Ivory Coast reigns as the world's top cocoa producer but it wants to sell more than the beans, turning them into the even more lucrative chocolate, from breakfast spread to candy bars.
Monday, March 23, 2015
Across Africa, where many nations show high economic growth rates but with little benefit to their populations, the notion of social and economic "emergence" is taking hold as a remedy for perennial pessimism.