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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Governance and Policy
330 Billion Naira Fine; MTN Nears Completion
23/05/2019African telecommunications giant MTN has paid 275 billion naira ($898.99 million) toward a 330 billion naira fine imposed on it for not disconnecting unregistered SIM cards, Nigeria’s communications agency said.
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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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Development Stories
Kenya Aims To Raise 5 Billion Shillings To Plug Housing Deficit
23/05/2019Kenya’s new mortgage refinancing company, set up to help the many would-be homeowners who struggle to secure a mortgage, aims to raise 5 billion shillings ($49.41 million) on the capital.
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Events
3rd Annual Information Communication Technology Africa
22/05/2019Event date: 22nd – 23rd July 2019 Event location: Radisson Blu Hotel in Nairobi, Kenya Description: 3rd Annual Information Communication Technology Africa is a 2-day conference that is being hosted.
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International
EU Opens Second Biggest Embassy In Nairobi
22/05/2019The EU has gone a step further in deepening its relationship with Africa by establishing its second largest embassy in Nairobi, Kenya. EU High Representative Foreign Affairs and Security Policy,.
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Governance and Policy
World Leaders To Attend Nigerian President’s Swearing
22/05/2019Nigeria’s Minister of Information and Culture, Alhaji Lai Muhammed, who doubles as the chairman of the media and publicity sub-committee of the Presidential Inauguration Planning Committee (PIPC) led other members.
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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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