African Business News

South Africa's M&R makes offer for Clough

South African contractor Murray & Roberts has made a bid to take over engineering and project services company Clough Ltd, by buying the roughly 40 per cent stake in the group it does not already own.

Clough chairman Keith Spence said the board would support the deal,

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Hotel sector recovering steadily in SA

JSE-listed Hospitality Property Fund‚ which invests in hotel and leisure properties‚ is optimistic about the outlook for the hotel sector after a challenging period‚ according to its chief executive Andrew Rogers.
Rogers said at the IPD Property Investment Conference last

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Nairobi prepares for East Africa’s Hotel Summit

One of East Africa’s premier hotel conferences and trade fairs, Hotel Summit East Africaand the Kenya Hospitality Trade Fair are now just two weeks away, due to kick off on the 25th of July at the Kenyatta International Conference Centre – for the exhibition lasting three days – and

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Kenyan businesses rated second best in Africa

Kenyan businesses have been rated second-best in Africa — after South Africa — at involving low-income communities in efforts to boost economic growth and sustainable development.A report compiled by the United Nations Development Programme (UNDP) praises

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