African countries have renewed their commitment to tackling the challenges posed by the energy sector, promising to proffer solutions to the lingering problems.

Shoprite intends to borrow about 2.5 billion rand ($338 million) in the next two years to fund an expansion drive in preparation for a recovery in consumer demand.

Africa Union (AU) Ministerial committee last Thursday said African countries were not ready to leave their markets that were opened to European goods.

Vodafone Group Plc, France Telecom SA and Bharti Airtel Ltd., which spent at least $18 billion on deals in Africa and the Middle East in the last two years, may face lower margins in the world’s fastest-growing phone markets.

German carmaker BMW has reported a surge in profits, thanks to a recovery in global markets, demand from China and strong sales of new models.

The battered British Petroleum (BP) has begun reinventing itself as a result of the Gulf of Mexico oil spill, naming its first American Chief Executive Officer (CEO).

Cargill has entered into a supply agreement to provide Unilever's European operations with 10,000 metric tonnes of segregated refined palm oil, certified by the Round Table for Sustainable Palm Oil (RSPO).

The US trade deficit widened to its highest level in 18 months in May, driven by demand for imported cars, computers and clothing.