Egyptian exports climb $1.2 bn in only three months
22/08/2018Egyptian exports have surged by US$1.2 billion in 3 months, reaching $6.755 billion by the end of the third quarter (Q3) of the last fiscal year, compared to $5.547 billion.
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Business & Economy
National Bank of Kenya has posted Sh282 million losses in the first half of 2018
22/08/2018National Bank of Kenya (NBK) has posted Sh282 million losses in the first half of 2018, compared to Sh179 million profit made same period the previous year. Loans dropped by.
Africa
Rwanda, Italy sign bilateral air service agreement
22/08/2018The Government of Rwanda and the Italian Republic have signed a Bilateral Air Services Agreement with the aim of enhancing commercial flight operations between the two countries. The signed agreement.
Africa
Business & Economy
Ethiopia launches first waste-to-energy plant in Africa
22/08/2018Ethiopia has launched the waste-to-energy facility, a first of its kind in Africa. The plant, situated in Addis Ababa, which has been named as the Reppie project, will incinerate at.
Business & Economy
Nigeria: Govt Spent U.S.$202,000 Servicing External Debt for 2018 Q2
22/08/2018The Debt Management Office (DMO) has disclosed that Nigeria spent a total of $202,253.15 to service its external debt stock for the second quarter of 2018. This was contained in.
Business & Economy
Ivory Coast to auction cocoa crop in advance to guarantee price for season
22/08/2018Ivory Coast’s Cocoa Coffee Council (CCC) has decided to auction all of its cocoa production to exporters in advance in order to set a guaranteed price throughout the season for.
Africa
President Ramaphosa Celebrates Operation Phakisa: Biodiversity Economy at Vhembe District, Limpopo
22/08/2018President Cyril Ramaphosa will address the Biodiversity Economy Innovation and People & Parks conferences in Thohoyandou under the theme: “Innovating and Accelerating – with the people, for the people” on.
Business & Economy
Equity Kenya, Ethiopian banks to collaborate for payments and ecommerce
21/08/2018Equity Group’s fintech unit has announced discussions with six Ethiopian banks to collaborate on cross-border mobile payments and ecommerce. Finserve Africa is targeting remittances from three million of Ethiopians living.
Business & Economy
Egypt’s Finance Ministry considers issuing LE2 coin category
21/08/2018The Finance Ministry announced in a press statement on Tuesday that it is considering a new coin currency equal to two pounds to ease change issues, which would better facilitate.