Nedbank Group has reported a 26% rise in first-half profit, which was helped by a drop in bad debts and its push to boost revenue from fees.
Big South African banks are expected to show scant underlying growth when they report first-half earnings in coming weeks.
African nations exporting to the US under a deal should boost sales rather than pushing to extend the agreement, US trade representative Ron Kirk.
To 28-year-old Kenyan Mary Wanjiku, her cellphone is not just a cellphone. It is also a cheap, safe and easy way of sending her mother .
Pirates seized a British-owned ship and a Taiwan-registered fishing boat after taking three vessels last weekend, officials said on Tuesday.
Morgan Tsvangirai says that if the Zimbabwe Parliament is convened, mediators will have to deal with a violation of the power-sharing talks.
East Africa’s expanding economies unveiled spending plans geared to more growth, but will probably be dampened by food and fuel price inflation.
Three African trade blocs plan to harmonise trade policies so Africa can compete more effectively on world markets. Erastus Mwencha, secretary general of the Common Market for Eastern and Southern Africa, said on Thursday his group would be meeting the East African Community and Southern African Development Community later this year.
Africa must make higher health spending a priority if it is to stop rich nations poaching medical staff and cut deaths from the continent’s five biggest killers, an African health campaign group said. Tuberculosis, HIV/Aids, malaria, child and maternal mortality kill about eight million Africans every year, more than the combined populations of Sierra Leone and Botswana.
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/ 13 February 2008
Kenya is a land of stark contrast: the rich drive gleaming luxury cars and can afford to enrol their children in top British schools. But most live a hand-to-mouth existence and some Kenyans believe the bloody post-election crisis that has exposed the country’s tribal divisions could also inflame the gulf between classes and further exacerbate instability.