Reuters Africa Business

By Sonia Rolley PARIS (Reuters) -International lawyers representing the government of the Democratic Republic of Congo said on Wednesday they had new evidence gathered from whistleblowers, which deepened concerns that Apple could be sourcing minerals from conflict areas in eastern Congo. In a statement, the lawyers urged Apple to answer questions about its supply chain …

Congo lawyers say they have new evidence on Apple’s minerals supply chain Read More »

NAIROBI (Reuters) – Kenya’s KCB Group’s pretax profit for the first quarter of this year jumped 53%, helped by higher interest income, it said on Wednesday. The bank, which also operates in Democratic Republic of Congo, Tanzania, Rwanda, South Sudan, Uganda and Burundi, said pretax profit rose to 21.16 billion shillings ($160.91 million) from 13.85 …

Kenya’s KCB Group first quarter pretax profit up 53% Read More »

JOHANNESBURG (Reuters) -BHP Group’s $43 billion takeover proposal for smaller rival Anglo American needs a “meaningful revision”, Anglo’s second-biggest investor said on Wednesday, as the clock ticks for the world’s No.1 miner to submit a binding offer. BHP’s latest all-share proposal, raised from an initial $39 billion, was dismissed by Anglo as significantly undervaluing the …

Major Anglo investor says BHP bid needs ‘meaningful revision’ Read More »

By Camillus Eboh ABUJA (Reuters) – A Nigerian court has adjourned a tax evasion case against Binance to next month for possible arraignment of the cryptocurrency exchange and two of its executives after a trial stalled on Wednesday, the judge said. The matter stalled because authorities failed to bring Tigran Gambaryan, a U.S. citizen and …

Nigerian court adjourns Binance, executives’ tax evasion trial to June 14 Read More »

By Nqobile Dludla JOHANNESBURG (Reuters) -Pick n Pay said on Wednesday it expects to swing to a full-year loss as South Africa’s third-biggest grocer takes an impairment of 2.8 billion rand ($155 million) on loss-making and underperforming core supermarket stores. But the market cheered a debt restructuring agreement with lenders, pushing its shares up 9.40% …

South Africa’s Pick n Pay flags full-year loss with $154 million impairment Read More »

DUBAI (Reuters) – Abu Dhabi National Oil Company (ADNOC) has acquired a 10% stake in Galp’s Area 4 concession in the multi-billion-dollar natural gas project in the Rovuma basin in Mozambique, it said on Wednesday, its first foray into the African country. Under the terms of the deal, ADNOC will have access to a share …

ADNOC makes first foray into Mozambique with 10% stake in GALP concession Read More »