Safaricom’s CEO, Collymore, Passes On
02/07/2019Bob Collymore, the chief executive who helped to turn Safaricom Plc into East Africa’s most profitable company with an $11 billion valuation, has died after a nearly two-year long battle.
Most Recent News
Economy
Oil Price on The Rise As OPEC Cuts Output
02/07/2019Oil prices jumped today as traders betted OPEC would extend production cuts. Signs of a truce in U.S.-China trade tensions also helping. An end to their spat could help revive.
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International
Egypt Opens 4,000-year-old Pyramid
02/07/2019Egypt’s 4,000-year-old Lahun pyramid has opened its doors to the public for the first time, displaying a network of passageways and an ancient burial chamber. A small team of archaeologists.
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Governance and Policy
Zambia Directs State Power Firm to Take Cost-cutting Measures
27/06/2019Zambia’s Zesco Ltd should freeze staff hiring, merge some of its departments and take other steps to cut costs and make the state power utility more efficient, a government body.
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Trade and Investment
UBER to Expand Operations in African Countries
27/06/2019Global ride-hailing company Uber Technologies is in talks with regulators over plans to expand into two West African countries and provide a boat service in Nigerian megacity Lagos, a company.
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Economy
SA’s FDI Increases by $825.85 in Q1
27/06/2019South Africa’s foreign direct investment swung to inflows in the first quarter from outflows in the final quarter of last year as domestic private firms received equity and debt funding.
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Development Stories
Tanger Med Port to Become Mediterranean’s Largest
27/06/2019Morocco will open new terminals at Tanger Med port on Thursday, allowing it to surpass the Mediterranean’s largest ports Algeciras and Valencia in terms of container capacity, and drive more.
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Business
Vodafone Zambia Sold!
26/06/2019Vodacom Group which trades in Zambia as Vodafone has announced the sale of its business unit operations in Zambia, Nigeria and Cote d’Ivoire to Andile Ngcaba’s Synergy Communications. The transaction.
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Economy
Capital Market Operators Commend SEC
26/06/2019Capital market operators in the Nigerian Stock Exchange have commended the newly inaugurated board of the Securities and Exchange Commission (SEC) but charged them on the appointment of a substantive.
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