African Business News

Kenya's main share index rises after peaceful presidential vote

Mar 12 - Kenya's main share index surged 4 per cent to a new 4-1/2 year high as investors bought into stocks on the second session of trading after the presidential election wrapped up peacefully, it was announced on Tuesday.According to reports by Reuters, the ...

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AfDB expects growth in Africa, but urges more inclusion

Mar 12 - Sub-Saharan Africa is expected to show a 5.8 per cent growth in 2013 with the domestic demand increasing. But businesses need to promote a more inclusive society in order to achieve this growth, said the African Development Bank (AfDB) today."We are looking ...

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Naspers merges Russian websites with Avito in $570 million deal

Mar 12 - South African e-commerce and media firm Naspers Holdings announced today it will merge two of its Russian Internet sites with its Russian Internet rival Avito.ru in a US$570 million deal.Naspers has become a US$29 billion Internet powerhouse by buying businesses in quickly ...

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Africa’s textiles to be displayed at new industry event

Mar 5 – A new trade show has been announced on Thursday that will exclusively showcase African textile, apparel and footwear to African and international buyers.The event, called Source Africa, will take place from April 9 to 12 at the C