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Trade corridors will boost African marketplace - Davies
CAPE TOWN: South Africa is helping neighbouring African countries to develop various transport corridors in a bid to boost regional integration and create a larger marketplace for Africans, the Minister of Trade and Industry Rob Davies said yesterday, 8 March 2011. 9 Mar 2011 11:40
Ivorian leader extends ban on cocoa exports
ABIDJAN, CÔTE D'IVOIRE: Alassane Ouattara, internationally recognised as the winner of Ivory Coast's disputed presidential election, on Tuesday, 22 February 2011, extended a ban on cocoa exports, a cornerstone of the economy, to 15 March. 23 Feb 2011 14:05


Europe will remain home of luxury retail
[Published by Verdict] LONDON, UK: Despite huge growth in China, the market for luxury retail in Europe will remain the most lucrative in the world and will grow by nearly US$60 billion (about R431 billion) to be worth US$175 billion (about R1257 billion) by 2015 finds Verdict, one of the Datamonitor group of companies. 9 Feb 2011 09:28
Anti-corruption Act scuppers deals
NEW YORK, US: According to results of Deloitte's annual Look Before You Leap survey of corporate executives, investment bankers, private equity executives and hedge fund managers, 63% of respondents reported that the US Foreign Corrupt Practices Act (FCPA) and anti-corruption issues caused their companies to renegotiate or pull out of planned business relationships, mergers or acquisitions over the last three years. 8 Feb 2011 11:48
Africa's engagement with China, India reshapes global economy - report
[Issa Sikiti da Silva] Africa's engagement with China, India and other Asian economies is a new megatrend that will reshape the global economy for years and decades to come, as Africa gradually moves away from the West and heads towards high-growth economies of the East, according to a recent report released by MasterCard Worldwide Insights. 8 Feb 2011 07:05
Zimbabwe ban hits Country Bird exports
[Michael Bleby] Country Bird Holdings had lost sales of 600 tons of chickens a month to Zimbabwe as a result of the reworked chicken controversy that broke out last month, financial director Robbie Taylor said Wednesday, 26 January 2011. 28 Jan 2011 09:17
Unemployment, inflation worries hit consumer confidence
NEW YORK, US: Consumer confidence fell in 25 out of 52 countries in Q4 2010 as hope for a global economic recovery evaporated at the end of last year, according to the latest edition of the Nielsen Global Consumer Confidence Index, which tracks consumer confidence, major concerns and spending intentions among online consumers. 27 Jan 2011 11:00
Ivory Coast's Ouattara orders cocoa exports halt
ABIDJAN, CÔTE D'IVOIRE: Ivory Coast's internationally recognised leader Alassane Ouattara on Monday, 24 January 2011, ordered a one-month halt to exports of cocoa and coffee, a statement said. 25 Jan 2011 08:48
Yara launches US$20 million investment in Tanzania
DAR ES SALAAM: Global fertiliser company Yara International ASA launched its US$20 million investment into a new fertiliser terminal by the port in Dar es Salaam. 17 Jan 2011 11:27
Logistics sector 2030: Africa and Asia to reshuffle the cards?
LONDON, UK: The dynamic economic development of emerging markets will fundamentally change world trade by 2030, leading to the emergence of new logistics service providers to challenge the market share of established companies. 30 Nov 2010 08:26
GM restructures African business, seeking growth
[Michael Bratt] General Motors (GM) has announced a new strategy for African business, which it hopes will allow GM to capitalise on the growing opportunities around the continent. 23 Nov 2010 12:36
Mr Price takes aim at Nigerian market
[Michael Bleby] Retailer Mr Price is eying Nigeria, a market it says could host up to 100 stores, if it could only end its ban on the import of clothing. 22 Nov 2010 11:00
Asia's 2011 optical industry looking good
SINGAPORE: Over 90% of optical retailers across six Asian markets are optimistic that the industry will continue to do well, if not better next year. 3 Nov 2010 11:19
Hope for full global economic recovery in 2010 diminishes
NEW YORK, US: After an upbeat start to the year with two consecutive quarters of increases in optimism, global consumer confidence fell three points in September to an Index of 90 as consumers' hopes for a full economic recovery this year fades in most parts of the world, according to the latest edition of the Nielsen Global Consumer Confidence Index. 27 Oct 2010 06:22
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