Ghana backpedalling out of banking crisis
19/08/2018Ghana is backpedalling out of a banking crisis as the government takes on debt to save a troubled sector and vows to punish the executives responsible. Early in August, Ghana’s.
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Yuan gains increasing popularity in Africa
19/08/2018China’s yuan has attracted more and more attention in African countries thanks to its advantages in facilitating China-Africa trade and investment, optimizing the structure of foreign exchange reserves and stabilizing.
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Business & Economy
Egypt Aims For Natural Gas Dominance In The Mediterranean
19/08/2018The natural market gas in the Eastern Mediterranean is in full ebullition – with Egypt determined to be the center of this regional marketplace. The country faces challenges, including maintaining.
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Business & Economy
Indian investors to invest 10 million dollars in Uganda
18/08/2018Two Indian investors, Riyaz Ganji and his brother an Aga Khan Ismaili entrepreneur, Javid Merchant are set to invest over $10m in pharmaceutical and textile industries. The two who recently.
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Business & Economy
Ugandan maize lowers flour prices in Kenya to 6-year low
18/08/2018Maize flour prices in Kenya have dipped to a six-year low on increased supply of cheap grains from Uganda and harvests in western region, easing inflationary pressure. Two-kilogramme packets of.
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Business & Economy
Tanzania, Burundi miss deadline on double taxation
18/08/2018Tanzania and Burundi missed the July 18 deadline set by the region’s heads of state to ratify the East African Community Multilateral Double Taxation Agreement. Regional businesses said the delay.
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Business & Economy
Kenya govt approves $40m Likoni cable car project
18/08/2018The Kenyan Cabinet has approved the construction of a Ksh4.1 billion ($40 million) cable car project to ease movement of passengers between Mombasa Island and the mainland. A Kenyan and.
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Business & Economy
‘CBN/ABP to disburse loan to 1,500 farmers in Kogi’
18/08/2018Doyin and Susan Foundation, an NGO, has facilitated loan of between N300,000 and N900,000 for 1,500 farmers in Kogi West Senatorial District under Anchor Borrowers Programme (ABP). Chairperson, Board of.
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Business & Economy
Canadian Overseas To Raise GBP3 Million To Develop Nigerian Project
17/08/2018Canadian Overseas Petroleum Ltd on Friday said it intends to raise GBP3 million through a share placing to finance its Nigerian development project. The oil & gas company said it.
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Business & Economy
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Leftists table bill to nationalize South Africa’s central bank, rattle rand
17/08/2018Opposition firebrand Julius Malema tabled a bill to nationalize South Africa’s central bank, rattling markets wary of any threat to the institution’s independence. The rand fell more than 1 percent.
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