Hardware Warehouse is among the brands Steinhoff owns in South Africa

South Africa retail merger collapses

South African retail group Steinhoff and supermarket chain Shoprite have abandoned a $14bn deal to create Africa’s biggest shop network. The tie-up would have been the latest expansionary move by Steinhoff, which bought the UK’s Poundland discount chain last year. But the merger talks foundered after Shoprite shareholders complained they were getting a bad deal.…

Trump calls presidents of Nigeria, South Africa

President Donald Trump has been increasingly chatting with other world leaders during his first weeks in office. On Monday he turned his attention to Africa. Trump spent Monday morning calling two of the continent’s most prominent leaders, Nigerian President Muhammadu Buhari and South African President Jacob Zuma, to discuss combating terrorism, trade relations and other…

Barack Obama: How will Africa remember him?

As Barack Obama steps down as US president, the BBC’s Nancy Kacungira looks back at his legacy in Africa. The election of the first African-American US president led many Africans to believe that the continent might gain more prominence in US foreign policy. While some high expectations remain unfulfilled, Mr Obama’s eight years in office…

27th Africa-France Summit concludes in Mali

President Paul Kagame yesterday joined heads of states and government from the African continent for the 27th France-Africa Summit in Bamako, Mali. The summit was co-chaired by President of the Republic of Mali Ibrahim Boubacar Keïta, and President of the French Republic François Hollande. The president and other leaders’ presence in the Mali also served…