Business News

China’s Unique Story – Silk Road on Rails: The China-Europe Block Trains

August 22, 2016/BON Cloud BON Cloud Debuts New License-Free Content for African Broadcasters Seeking China-related Stories The biggest story coming out of China today is the launching of the Silk Road on Rails: China-Europe block trains that carry goods across the globe. The proposal to establish China-Europe railroads surprised even […]

South Africa’s Sun International exits Nigeria

August 22, 2016/Reuters South African hotel and gaming group Sun International said on Monday it had decided to exit Nigeria due to weak economic growth and clashes with regulators in the west African country. In January Nigeria’s Economic and Financial Crimes Commission (EFCC) launched a probe into Sun International initial […]

South Africa’s MTN to sell $729 mln stake to black investors

August 22, 2016/Reuters South African mobile phone company MTN Group will sell shares worth 9.9 billion rand ($729 million), a 4 percent stake, to black investors to meet government quotas on black ownership. Africa’s biggest telecoms firm said the new black economic empowerment deal would be launched via a public […]