Steinhoff Starts Sale of $321 Million of Shares in Africa Unit

Steinhoff Starts Sale of $321 Million of Shares in Africa Unit

Steinhoff International Holdings NV started the sale of 200 million shares in the embattled retailer’s African operations to settle debt and further shore up its balance sheet following an accounting scandal late last year. The move follows similar disposals of stock in South Africa’s KAP Industrial Holdings Ltd. and investment holdings company PSG Group Ltd. […]

KENYA: Africa splitting into two

KENYA: Africa splitting into two

The tear, which continues to grow, caused part of the Nairobi-Narok highway to collapse and was accompanied by seismic activity in the area What the Kenya earth collapse means for Uganda Kampala, Uganda | INDEPENDENT TEAM & AGENCIES | Western Uganda’s border will one day be one endless ocean shore with beaches similar to those at Mombasa […]

Standard Bank eyes expansion into francophone West Africa

Standard Bank eyes expansion into francophone West Africa

South Africa’s Standard bank is set to expand its operations into francophone West Africa. The bank is riding on a chinese investment drive into Ivory Coast to establish a foothold in the region. Chinese authorities and companies have committed over $7.5 billion over the next few years to invest in infrastructure in the Ivory Coast. […]

Africa's unsung scientists finally get their own journal to spread research

Africa's unsung scientists finally get their own journal to spread research

A new journal to showcase Africa’s often-overlooked scientific research has been launched to give the continent’s scientists better global recognition. Scientific African will be the first “mega-journal” in Africa. It was unveiled in Kigali last week at Africa’s biggest science conference, the Next Einstein Forum (NEF) conference, and the first issue is scheduled to be […]

Human finger bone points to an early exodus out of Africa

Human finger bone points to an early exodus out of Africa

This finger bone (four sides shown) represents the oldest directly dated human fossil found outside of Africa and the Levant. Ian Cartwright By Michael PriceApr. 9, 2018 , 11:15 AM For more than a decade, a team of archaeologists and anthropologists scoured the Arabian Desert for evidence that some of the earliest members of our […]

Dylan Hartley's place on England tour of South Africa in jeopardy

Dylan Hartley's place on England tour of South Africa in jeopardy

Dylan Hartley’s place on the England tour of South Africa this summer is in question after Northampton admitted the national captain’s latest concussion lay-off is a cause for concern. Hartley has missed Northampton’s past two matches – including the 50-point thrashing by Saracens on Saturday – after showing symptoms of concussion following England’s Six Nations […]

Another big win for NZ Men who scorch South Africa

Its been another big win for the New Zealand Men at the Gold Coast Commonwealth Games after dominating South Africa 6-0 in their second pool match. The Kiwis looked in total control from the opening whistle, leading 4-0 at halftime before netting another two goals in the fourth quarter. Kane Russell scored a double from […]

A huge crack provides evidence that Africa is slowly splitting into two

A huge crack provides evidence that Africa is slowly splitting into two

A tanker drives near a tear that opened up following heavy rains and seismic activity in Kenya’s Rift Valley in March. It measures about 50 feet wide and several miles along — and is growing longer. (Thomas Mukoya/Reuters) by Laura Geggel by Laura Geggel April 7 at 9:00 AM A piece of East Africa is […]

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