SOUTH AFRICA

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South Africa Tech Giant Naspers' European Spinoff In Stunning Debut

South African media titan Naspers on Wednesday effectively created Europe's largest consumer tech company, called Prosus, with a stunning Amsterdam stock debut driven by interest in its stake in China's Tencent.Prosus' value instantly soared to around 123 billion euros ($136 billion) according to the Bloomberg news agency, making the group the largest to trade on the Amsterdam stock exchange after Shell and Unilever.
Aftermath: People rummage through looted foreign-owned shops in Malvern, a Johannesburg suburb

Tensions ease in SAfrica-Nigeria xenophobia row

Tensions eased between twin African powerhouses South Africa and Nigeria on Thursday after Pretoria temporarily closed its diplomatic missions in the rival state following a wave of attacks on foreign-owned stores there that claimed 10 lives."Nigeria does not seek an escalation of the ongoing situation," a senior aide to Nigeria's President Muhammadu Buhari told reporters on condition of anonymity.
Lesotho-based company Medigrow cultivates cannabis legally for the medical marijuana industry

Lesotho, Africa's medical cannabis pioneer

Vast white greenhouses sit high up on the slopes of Lesotho's Marakabei town, hidden from view.It's not fruit or vegetables, however, growing under the 18 plastic covers, but thousands of cannabis plants.The cannabis is grown legally by the Lesotho-based company Medigrow and is regulated by the government."We have three rows that contain 1,200 plants each. That's 3,600 plants across the whole structure," said Medigrow's head of production Albert Theron, gazing proudly over the crop.

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