African Business News

African Coffee Shops Boom Driven By Meals, Consumption Rise Slowly

That is the explanation Charlse Kihiko, the founder of Kenya’s newest coffee shops chain, Urban Coffee, gave in an interview with Business Daily.

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Centum Investment Company - Building Value in Kenya: Ryan Hoover, Investment Analyst, Africa Capital Group

It’s gut check time for Kenya investors.

The Nairobi Securities Exchange’s main index has lost 31.7% in U.S. dollar terms since the start of the year in response to security concerns, China’s slowing growth, and a brief experiment with a 5% capital gains tax.

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African Finance Ministers Seek Mega-Financing Deals to Boost Agriculture Sector

African Ministers of Finance have stepped up a campaign for additional financing led by the African Development Bank (AfDB) to channel funding required to boost production of rice and commercial farming in Africa and enable the continent to become an exporter of food.

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South Africa's Mediclinic to buy UAE's Al Noor Hospitals for $2.2B

South Africa‘s Mediclinic Intl has agreed to buy United Arab Emirates’ Al Noor Hospitals Group for around 1.4 billion pounds ($2.2 billion), gaining the upper hand on rival NMC Health in a tussle for expansion in the fast growing Gulf region.

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