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.
Monday, April 7, 2014
Twenty years ago the Rwandan economy was in ruins: the banks were empty, cash crops rotted in the fields and the streets were strewn with corpses.
Miner's wife Nomfanelo Jali hasn't been able to serve her family meat in a month and increasingly struggles to put anything on the table at all, as South Africa's long-running platinum strike takes its toll.
For those who grumble about their daily commute, imagine this ride to work: clamber into an elevator cage and plummet 2.4 kilometers into the earth, so fast that ears pop from the changing air pressure. Then board a small railroad car that creaks and grinds the same distance to the outer reaches of a South African gold mine.
Saturday, April 5, 2014
Nigeria could leap-frog South Africa to become Africa's biggest economy this weekend, when the results of a new way of calculating national output are announced.