Nigeria’s Buhari pulled a fast one on militants. The Niger Delta Avengers had threatened to kill Nigeria’s President Muhammadu Buhari if he set foot in the region. He sent his vice president to represent him. But he was not scared, just smart.
No longer stable. Ratings agency Moody’s has lowered its outlook for the South African banking system to negative from stable, citing worsening operating conditions over the next 18 months.
Man in charge. South African President Jacob Zuma seemed in danger of being ousted two months ago. Now he appears as powerful as ever, tightening his grip on the ruling African National Congress as a campaign to oust him falters.
Growing on China. Naspers Ltd.’s market capitalization rose above $63 billion on Tuesday as it tracked the record gains of Chinese WeChat messaging app developer Tencent Holdings Ltd., in which it owns a 34 percent stake.
When the world’s biggest brewer wants to become bigger. Anheuser-Busch InBev NV, the world’s largest brewer, was on Tuesday recommended by South Africa’s Competition Commission to take over fellow brewer SABMiller Plc in a $106 billion deal, the biggest-ever in the industry.
Future not bright for South Africa. South Africa’s central bank Governor Lesetja Kganyago says the country’s economic prospects do not look promising.
Sorry, we’d have to keep our ivory. The ban on the trade of ivory stifles growth in developing nations while doing nothing to help preserve endangered species, Environment Minister Oppah Muchinguri told foreign diplomats on Wednesday in Harare.
B flat; but it isn’t music. Kenya may have its sovereign credit rating cut by one level to B flat because of the nation’s fiscal deficit.
Gone without getting it done. Western Sahara has lost its dogged emancipator, President Mohamed Abdeaziz Ezzedine. What happens next?
Hello Kampala, Uber is here! Uber Technologies Inc. started services in the Ugandan capital of Kampala on Thursday, adding a fourth sub-Saharan African market for the rapidly-expanding ride-hailing company.