BUSINESS

27/8/2015

China signs deal with Africa's richest man, Aliko Dangote

In the arrangement, Sinoma engineering will build seven plants across the continent

full story

Forget $580m bailout cash from State, Kenya Airways toldBy JOHN NGIRACHU | Wednesday, August 26  2015 at  11:04

Kenya's acting Transport Cabinet Secretary James Macharia appearing before Transport Committee of Parliament on August 25, 2015. PHOTO | NATION MEDIA GROUP |

Government says it will only step in to offer guarantees to lenders

full story

De Beers cuts diamond prices to boost demand By AFP | Tuesday, August 25  2015 at  14:58

The main entrance to De Beers-Tanzania Williamson Diamonds Ltd at Mwadui in Shinyanga, in Tanzania. PHOTO | FILE |

Move comes amid a commodities slump fuelled by China's economic slowdown

full story

South Africa rand hits all-time low against the dollarBy BBC | Monday, August 24  2015 at  15:17

The rand fell more than 2 per cent against the dollar when the currency market opened on Monday |

Currency affected by Chinese economic slowdown and yuan devaluation

full story

China devalues yuan, raising fears of currency depreciation in EA By ALLAN OLINGO | Monday, August 24  2015 at  11:47

Currencies of other emerging markets have depreciated against the US dollar following the yuan devaluation a fortnight ago, continuing the defensive currency wars that started with the devaluation of the Swiss franc earlier in the year. GRAPHIC | NATION MEDIA GROUP |

Another dilemma for sub-Saharan African markets and currencies

full story