Bloomberg Nakumatt Holdings Ltd., Kenya’s biggest retail chain, is in talks to sell as much as 25 percent of the business to reduce debt that more than tripled over the past five years as it expanded. The company, based in the capital, Nairobi, is in discussions with foreign and domestic investors that are expected to be concluded within weeks, ...

  Shanghai / AFP China’s three biggest airlines all reported surging net profits in the third quarter, statements showed, as the country’s economy stablises. Net profit for China Southern, Asia’s biggest airline by fleet size, leaped to 3.31 billion yuan ($425.1 million) in the three months to September, nearly three times the 1.18 billion yuan made in the same period ...

  Bloomberg United Parcel Service Inc.’s shares dropped after the package giant agreed to purchase freighter jets valued at $5.3 billion to continue its international expansion. Delivery of the 14 Boeing Co. 747-8 jumbos will begin next year, the Atlanta-based courier said in a statement. The planes will be used in international markets and allow the courier to bring smaller ...