Coca-Cola Co (KO.N) reported a 60.2 percent drop in quarterly profit, as the beverage maker incurred a charge of $653 million related to refranchising its North America bottling operations. Reuters reports that net income attributable to Coca-Cola's shareholders fell to $1.37 billion, or 32 cents per share, in the second
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Researchers in the United States say a trial in which American teenagers used a vaginal ring to prevent HIV infection has proved successful. A further such study will now be run with teenagers in Africa, the BBC reports. The girls used a flexible plastic ring, embedded with anti-retroviral drugs, which
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A KShs10 billion (about UShs346bn) Kenya Airways (KQ) aircraft was on Sunday night extensively damaged just prior to takeoff, forcing the airline to ground it and book the Johannesburg-bound passengers on other flights. The Daily Nation, quoting the national carrier, reports that one of KQ’s eight Boeing 737-800 aircraft suffered
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The storm over former surgeon-general Vejay Ramlakan's book, "Mandela's Last Years," which documents the final days of Nelson Mandela, for whom Ramlakan cared until the end, will inspire a necessary debate about the ownership of our famous statesman's legacy. Recent days have seen Mandela's widow, Graça Machel, threatening to sue
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More than 20% of the Democratic Republic of Congo's mining revenue is being lost due to corruption and mismanagement, a campaign group says. According to a Global Witness report, the money is being distributed through corrupt networks linked to President Joseph Kabila. At least $750m (£580m) has gone missing over
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Tanzania has asked foreign employees of London-listed Acacia Mining to leave the country in an escalation of a dispute that began in 2016 over allegations of tax evasion, a source with knowledge of the matter said on Friday. Two senior local staff of the mining firm, Tanzania's largest foreign investor,
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Exiled South Sudanese opposition figure Riek Machar declined to renounce violence or declare a unilateral ceasefire and instead demanded new peace talks outside the war-torn country, an international mediator told the United Nations on Thursday. South Sudan descended into civil war in 2013 after President Salva Kiir fired Machar as
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The US and China have wrapped up contentious trade talks in Washington without agreement. The two sides did not issue a joint statement or action plan after the meeting and cancelled scheduled press conferences. The US was critical of China's trade surplus and demanded "more fair" trade arrangements. Separately, US
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Kenya Airways has found new owners following a major financial restructuring. Under the Optimisation Plan, the Government tops the national carrier’s shareholding followed by KQ Lenders Company Ltd while KLM drops to third position in ownership. The Standard reports that KQ Lenders Company, which comprises 11 banks that converted their
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China's economy grew at an annual rate of 6.9% between April and June according to official figures, slightly higher than forecast. The growth rate, which compares expansion with the same three months in the previous year, was the same as in the first quarter of 2017. Beijing is trying to
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