Kenya Shilling Weakens Further
14/07/2015Kenya’s shilling weakened to a new 3-1/2-year low against the dollar on Monday, hurt by demand for the U.S. currency from energy and manufacturing sectors. At 0635 GMT, commercial banks.
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Business & Economy
Honda Begins Assembly Of Accord Car In Nigeria
14/07/2015Honda Automobile Western Africa, a wholly-owned subsidiary, yesterday said that it had begun local assembly of the Accord Sedan in Lagos, Nigeria. Initial Accord annual production capacity is 1,000 units.
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Business & Economy
Mall of Africa: South Africa On Course To Get Africa’s Biggest Mall
14/07/2015The mammoth Mall of Africa, due to open for business in April next year, will be the crowning glory of South Africa’s strong shopping centre industry. The country already ranks.
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Business & Economy
China’s Investment In Africa – The African Perspective
14/07/2015By Steven Kuo JOHANNESBURG – China’s interest in Africa is often said to come on the back of colonial aspirations. Newspaper headlines scream that Chinese firms, backed by the powerful.
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Business & Economy
Made In Africa: Three Cars Designed And Manufactured In Africa
13/07/2015According to the World Bank, Sub-Saharan Africa is projected to remain one of the fastest growing regions in the world. While Africa’s economy is soaring past most regions with an.
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Business & Economy
Volkswagen Reopens Assembling Plant In Nigeria After 20 Years
11/07/2015Volkswagen Automobile Group has reopened its auto assembly factory on the Badagry Expressway, Lagos, after 20 years of suspending operations in the country. According to the German automaker, the reopening.
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Business & Economy
Featured
Canadian firm discovers more oil in Kenya
10/07/2015Africa Oil announced the news after an independent assessment of the firm’s contingent resources in the South Lokichar Basin located in Blocks 10BB and 13T in the East African country..
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Business & Economy
Tanzania’s economic performance weakens
10/07/2015The International Monetary Fund (IMF) says Tanzania’s macroeconomic performance remains strong with favourable medium-term prospects. The country has however seen a recent weakening in its economy due to delays in.
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Business & Economy
Foreign reserve has risen by $2.89b in one month under Buhari – Emefiele
09/07/2015The Governor of the Central Bank of Nigeria, Godwin Emefiele, on Wednesday disclosed that the current administration under President Muhammud Buhari has been able to increase Nigeria’s foreign reserve from.
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Business & Economy
Dangote Cement plans $150m Cameroon plant expansion
08/07/2015Dangote Cement Plc has disclosed plans to expand the output from its Douala, Cameroon plant from the current 1.5 million metric tonnes per annum to three million metric tonnes by.
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