I write about money in Africa for the Wall Street Journal. Greek immigrant. Tell me things matina.stevis@wsj.com

Sasol Evacuates South African Workers From Mozambique as Precautionary Measure

wsj.com — NAIROBI-Sasol, Africa's biggest oil and petrochemicals company, is evacuating 340 South African employees at its Mozambique operations to their home country, on concerns they may be attacked in retribution for widespread violence against foreign workers in South Africa, it said in a statement Friday.

Kenyan Money-Transfer Ban Puts Strain on Somalis

wsj.com — NAIROBI, Kenya-The country's latest bid to stamp out homegrown extremism stymied Idris Mohamed's attempt this month to send $100 to his parents in Somalia. "We are closed for business until further notice," read a sign on the door at a branch of Dahabshiil, the biggest of 13 money-transfer companies in Kenya that serve largely Muslim customers.

Sub-Saharan Africa’s Economic Growth Rate to Stall in 2015

wsj.com — NAIROBI-Plunging oil prices, sluggish growth in the developed world and a slowdown in China's pace of industrialization will bring down sub-Saharan Africa's growth rate this year to its lowest in two decades, the World Bank said Monday.

Gunman in Kenya Attack Was Son of Government Official

wsj.com — GARISSA, Kenya-One of the four gunmen in the second-worst terrorist attack in Kenya's history was the son of a Kenyan government official, the country's Interior Ministry said Sunday, a development that spotlights the country's problem of homegrown extremists who turn violent.

Kenyans Agonize Over Student Massacre

wsj.com — GARISSA, Kenya-One year ago, President Uhuru Kenyatta declared on television that the era of insecurity was over for Kenyans. He vowed that closed-circuit cameras capable of picking faces out of crowds and relaying information to authorities would soon dot major cities and towns.

Businesses Seek Out New African Frontiers

wsj.com — Shoprite Holdings Ltd. sold more Guinness stout at its 11 stores in Angola and Nigeria last year than at home in South Africa, where it has 10 times as many outlets. But Africa's biggest retailer is also contending with an Islamic insurgency in Nigeria, where Boko Haram militants have staged attacks near its shops-and the effects of wilting...

South Africa’s Sasol Says Savings Savvy Vital for Volatile Oil Market

blogs.wsj.com — Major oil companies are scrambling to cut costs as global oil prices plummet. Sasol, South Africa's petrochemicals giant, is the latest to roll out its aggressive savings plan, involving potentially thousands of job cuts. Sasol has two goals in mind: Weather the slump in crude prices; and be well placed to take advantage of any business opportunities as soon as the market turns around.

Sasol Cuts 1,500 Jobs as Oil Price Slumps

wsj.com — NAIROBI-South African petrochemicals giant Sasol Ltd. said it has cut 1,500 jobs, the latest big round of layoffs in a global oil sector scrambling to cope with the oil-price rout. Sasol said it was also slashing its dividend to weather lower oil prices, even as it reported a big jump in second-half 2014 profit.

Standard Bank’s Sharpened Focus on Africa Lifts Profit

wsj.com — Standard Bank Group Ltd., Africa's biggest lender by assets, recorded a 12% rise in net profit in 2014 as it continued to dispose of business outside the continent. The Johannesburg-based bank said net profit rose to 15.93 billion South African rand ($1.35 billion) from 14.26 billion rand in 2013, on a 1% rise in group headline earnings to 17.32...

Kenya Set for Faster Growth, Says World Bank

wsj.com — NAIROBI-Low oil prices and loose monetary policy in the U.S. have bolstered Kenya's economy, East Africa's largest, helping it grow faster than expected last year and setting it on course for sustained growth in the years ahead, the World Bank said in a report Thursday.
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Apr 18, 2015

I may no longer live in the UK but I am an immigrant and this is an important campaign. Bravo, Lisa. twitter.com/lspollack/stat…

Apr 17, 2015

S&P: Republic of Kenya Ratings Affirmed At 'B+/B'; Outlook Stable

Apr 17, 2015

@Pol_Sec_Analyst particularly worrisome if signs of aggression and retaliation against SA citizens abroad.

Apr 17, 2015

@Pol_Sec_Analyst did u see our story abt Sasol evacuating SA employees from Mozambique fearing retaliatory attacks? wsj.com/articles/sasol…

Apr 17, 2015

Fears of Retaliatory Attacks Against South African Workers in Mozambique Lead Sasol to Evacuate Them wsj.com/articles/sasol… #XenophobicSA

Apr 17, 2015

Envy the London colleague who will hit the pubs in half an hour to vox pop idle traders #bloombergdown

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