Business In The News South Africa

Barclays Africa to continue under old name in nine African countries

JOHANNESBURG, May 15 (ANA) – Barclays Africa Group Limited (BAGL) said on Tuesday that its Barclays-branded banks in nine African countries will continue to trade under the same name even after the group name changes to Absa in July. Barclays Africa’s shareholders on Tuesday, approved that the group changes its name to Absa Group Limited as part of […]

In The News South Africa

SA National Institute for Communicable Diseases warns of malaria upsurge

JOHANNESBURG, April 19 – With the recent Easter holidays and an upcoming long weekend, a substantial proportion of the South African population has, or will shortly, return from destinations where there is a risk of acquiring malaria, both in and outside the country, the National Institute for Communicable Diseases (NICD) warned on Thursday. Preliminary data from the National […]

Africa Business In The News

Emerging Africa Infrastructure Fund, IFC sign loan deal for Mozambique power station

JOHANNESBURG, January 22 – The Emerging Africa Infrastructure Fund has signed a deal with the International Finance Corporation to provide a $21 million loan to one of Mozambique’s newest and strategically most important power stations, it said on Monday. EAIF said other lenders to Central Termica de Ressano Garcia (CTRG) included Absa Bank, French development finance […]

Africa In The News

Mozambiquan mayor shot dead

JOHANNESBURG, October 6 – Mahamudo Amurane, the 44-year-old mayor of Nampula in north-east Mozambique has been shot dead, AP reported Friday. Amurane was shot dead after a gunman shot him three times at close range on Wednesday on the 25th anniversary of the signing of the peace accord after he had given a speech about […]

Africa In The News

Hotels shut in Mozambique prostitution clampdown

MAPUTO, September 28 – Industry regulators have closed down seven hotels in southern Mozambique as the country cracks down on prostitution. The Inspection of Economic Activities (INAE) shut the facilities in Inhambane Province following indications they were abusing their licences by making bookings for hookers. Authorities said some of these hotels were located near schools […]