Bloomberg Air Tanzania Co. Ltd. will fly to Mumbai three times a week starting in September, it’s first flight outside the continent, after taking delivery of a Boeing 787-800 Dreamliner next month, the Dar es Salaam-based Daily News newspaper reported, citing Commercial and Business Development Director Patrick Ndekana. Tanzania is revamping its erstwhile struggling national carrier after investing in new ...

Bloomberg Steinhoff Africa Retail Ltd. shares fell after Tekkie Town head Bernard Mostert quit alongside fellow senior managers following a legal claim lodged against the retailer by the shoe chain’s founding shareholders. STAR, as Steinhoff Africa is known, has repeatedly said it shouldn’t be held liable for the claim by Tekkie Town founders led by Braam van Huyssteen, which relates ...

Bloomberg BYD Co. is building what would become the world’s largest vehicle-battery factory next year in an effort by the Chinese electric-car maker to increase capacity and help revive earnings growth. The plant will have an annual capacity of 24 gigawatt-hours when it is fully in use in 2019, enough to equip 1.2 million BYD Tang electric cars, according to ...