Egypt’s investment bank Beltone Financial will acquire brokerages in Egypt and will launch a $1 billion investment fund in fixed income instruments in September, its Chief Executive Officer Bassem Azzab.
Egypt has experienced an increase in its annual urban consumer price inflation in July. The annual urban consumer price inflation catapulted from 29.8 percent in June to 33.0 percent in July. .
A survey carried out on Tuesday revealed that the South Africa’s business confidence climbed to its highest level in five months in July helped by a firmer currency, higher sales of vehicles and falling inflation..
The South African rand has weakened due to investors bet on a no-confidence vote by secret ballot against President Jacob Zuma could unseat him. At 0650 GMT the rand was.
Lonmin Plc, the British producer of platinum group metals operating in the Bushveld Complex of South Africa, has said it would cut cost and monetize select assets, including the sale.
The Federal Government has adjured Nigeria’s richest man Aliko Dangote to speed up the construction of his $12bn refinery. According to the Nigerian government, it is ready to assist in.
The South African Central Bank is saddled with the responsibility of ensuring that the South African currency retains its value. Governor Lesetja Kganyago said Tuesday, during a proposal by the.
Zambia’s Konkola Copper Mines (KCM) has declared that operations on Nchanga underground mine (NUG) will be put on hold following the recent theft of high voltage cables within the mining.
Image: UN The head of Ethiopian Trade ministry Gondar regional office, Bizuayehu Demissie, has said that Ethiopia has successfully exported 62 million US dollars’ worth of agricultural products through the.
South Africa’s world largest producer of the precious metal, Amplats, stated on Monday that there has been a fall of 55% profit on lower sales, a stronger rand and tax.
