Most Recent News

Taiwanese businesses feel the squeeze in Africa as Beijing extends its reach

Taiwan’s businesses in Africa, already squeezed diplomatically and facing tough competition from their mainland counterparts, can expect to come under even more pressure as Beijing extends its reach across the.

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ABCON kicks as banks suspend BDCs’ accounts

The Association of Bureau De Change Operators of Nigeria has kicked against ongoing banks’ suspension of bureau de change accounts, demanding for tax remittances on turnover volumes. In a statement.

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South Africa: Today’s Destiny Traders eyes Mozambique energy market

The Managing Director of Today’s Destiny Traders, Mr Peter Madlala says the research that he has conducted as part of preparation for his trip to Mozambique to participate in the.

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Nigerian President, Muhammadu Buhari to submit 2019 budget on NASS resumption

The federal government has hinted that President Muhammadu Buhari will present the 2019 budget to the National Assembly when the legislature reconvenes in September. Minister of State for Budget and.

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Ghana opposition seeks IMF view on $2 bln Chinese Bauxite deal

Ghana’s opposition in parliament wants the International Monetary Fund (IMF) to decide whether a $2 billion Chinese deal agreed by the government in exchange for bauxite will add to the.

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Maimane asks Ramaphosa to table terms of R33bn Eskom-China loan

Main opposition Democratic Alliance leader Mmusi Maimane said on Friday he had written to President Cyril Ramaphosa requesting that he table in Parliament within 14 days, the full terms and.

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Angola signs $500 million agreement with Germany’s Commerzbank

Angola has signed a framework agreement amounting to $500 million with and the German Commerzbank. On the side of Angola, the document was signed by Finance minister Archer Mangueira, while.

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Kenya: NIC Bank Half-Year Net Profit Down 2.1% as Interest Paid on Deposits Rises

NIC Bank’s net profit for the first six months of 2018 fell 2.1 per cent to Sh1.98 billion from Sh2.03 billion posted at a similar time last year as interest.

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KEFI Signs Agreement Worth Up To USD35 Million For Ethiopian Project (ALLISS)

KEFI Minerals PLC said Friday it has signed an agreement with Ethiopian investors worth as much as USD35 million in order to develop its Tulu Kapi gold project in Ethiopia..

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Nigerian crude exports set for four-month high

The nation’s oil exports are expected to rise to their highest in four months in October, on the back of supply of several larger grades coming back online following a.

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