Most Recent News

SOUTH AFRICA’S TREASURY PROPOSES LOWER EXCISE DUTY FOR BRANDY

South Africa’s Treasury has recently proposed a 10 percent cut in excise duties on brandy, saying the alcoholic spirit was at a cost disadvantage to competitors due to stringent regulations.

WORLD BANK APPROVES $3 BILLION LOAN FOR EGYPT

The Minister of International Cooperation, Sahar Nasr in a statement, has recently announced that the World Bank has approved a $3 billion loan for Egypt, to be disbursed over the.

MTN SOUTH AFRICA TO CHALLENGE NIGERIA FINE IN COURT

South Africa-owned leading telecommunication company MTN, has recently decide to take the legal route as part of efforts to see that the fine imposed on its Nigeria subsidiary is reviewed..

ZIMBABWE: FEMALE LEGISLATORS CALL FOR GOVT FUNDING OF WOMEN’S BANK

Female legislators in the Zimbabwe National Assembly have recently urged the government to expedite the operation of the Women’s Bank to provide the much needed funding for their businesses. Debating.

KENYA’S SHILLING EASES AS STOCKS CLOSE HIGHER

The Kenyan shilling has recently eased due to increased dollar demand from companies across all sectors to meet their obligations before they close for the holidays, while stocks have risen..

CHINESE TO INVEST U.S.$500 MILLION FOR THE EXPANSION OF NIGERIAN BUSINESSES

The Minister of State for Industry, Trade and Investment, Hajiya Aisha Abubakar‎, has recently disclosed in Abuja, that Chinese investors have committed to invest an additional $500 million into various.

CHINESE COMPANY SIGNS 10-YEAR DEAL TO BUY OIL FROM ANGOLA

  China’s state-run company, Sinochem Group, has recently signed a deal with Angolan state-owned oil producer Sonangol to buy crude oil for a period of 10 years. The agreement which.

ETHIOPIA CONSTRUCTS RAILWAY TO CONNECT WITH NEIGHBORING COUNTRIES

Ethiopian President Mulatu Teshome has recently said the country’s railway coverage will reach 5,000 km by 2025, connectingEthiopia with Djibouti, Kenya, Sudan and South Sudan. The president said this while.

RWANDA: REFERENDUM POLLS KICK OFF TODAY

More than 40,000 Rwandans in Diaspora are expected to vote today in a referendum on revised Constitution, while 6.4 million voters who reside in the country are expected to cast.