British soap and shampoo maker PZ Cussons said its first-half performance was hurt by weak emerging market currencies that showed no signs of improving, prompting a fall in its shares as some analysts cut their full-year forecasts. Cussons, the maker of Imperial Leather soaps, nevertheless posted a 7.9 percent rise […]
Business News
S.Africa’s Tiger Brands to acquire Kenyan firm for $25 mln-paper
South African food company Tiger Brands has agreed to buy a Kenyan milling and confectionery firm for $25 million, the Business Day newspaper reported on Tuesday, citing a company executive. The Johannesburg-based maker of bread and breakfast cereal will acquire flour milling company Rafiki Mills, corporate affairs group executive Alex […]
Standard Chartered enters Angola’s booming bank sector
Standard Chartered has opened a corporate bank in Angola, the London-listed group said on Monday, underscoring growing interest in Africa’s biggest oil producing country after Nigeria. Angola has seen rapid economic growth since the end of a civil war in 2002, helping attract foreign banks such as Africa’s top lender […]
