Collymore To Stay Put At Safaricom
24/05/2019Kenya’s biggest telecoms operator, Safaricom, has announced that its chief executive, Bob Collymore, will stay on in his role for an extra year. “I’m here until the year 2020,” Collymore.
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Business & Economy
BP Nears Completion Of Sale Of Its Oil Asset
24/05/2019Oil giant BP is on the verge of completing the sale of its stake in a major Egyptian oil and gas company to Dubai-based Dragon Oil for over $600 million,.
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Business & Economy
SA’s MPR Kept At 6.75%
24/05/2019South Africa’s reserve bank kept its benchmark repo rate unchanged at 6.75 % on Thursday, saying while the medium-term inflation forecast had moderated, economic growth was set to contract in.
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Business & Economy
Morocco’s CPI Drops By 2%
23/05/2019Morocco’s consumer price index dropped 0.2 percent in April from a year earlier, after falling 0.1 percent year-on-year the previous month, the high commission for planning said on Wednesday. Food.
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Business & Economy
Zambia Central Bank To Raise Lending Rate
23/05/2019Zambia’s central bank has raised the benchmark lending rate to 10.25% from 9.75% to counter inflationary pressure and support macroeconomic stability, its central bank governor Denny Kalyalya said on Wednesday..
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Business & Economy
Congo Votes To Restructure Its Chinese Debt
22/05/2019Congo Republic’s senate on Monday voted to restructure some of its debt with China, a move that the International Monetary Fund has said was necessary to unlock financial support, the.
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Business & Economy
Mylan NV Exercises Option Right On Aspen
20/05/2019Aspen Pharmacare said on Monday that Mylan NV had exercised an option to buy Aspen’s portfolio of prescription and over-the-counter products in Australia for 188 million Australian dollars ($130 million)..
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Business & Economy
Zimbabwe Secures $500 Million Currency-easing Loan
20/05/2019Zimbabwe’s central bank has secured a $500 million loan from unspecified international banks to support inter-bank currency trading from Monday and ease a dollar crunch that has brought fuel and.
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Business & Economy
TOTAL To Buy Anadarko’s Assets
18/05/2019The Chief Executive of South Africa’s Total, Patrick Pouyanne said yesterday that the planned acquisition of U.S. firm Anadarko’s African assets is “perfectly fitting” with the company’s overall strategy and.
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Money & Markets
MTN Shares Make 10% Rise In Pre-market Bid
18/05/2019MTN Nigeria shares rose another 10% to 108.90 naira in pre-market bids today after its debut $6.5 billion stock market listing on the Lagos bourse. Nigeria’s biggest telecoms firm, owned.
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