UK to boost economic links with Zambia
30/08/2018Zambians will benefit as the UK puts more attention and resource into economic development and trade links to create the economic growth that will sustain rapidly growing populations in Africa..
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Business & Economy
Johannesburg Stock Exchange signs deal with MTS on open bond trading platform
30/08/2018London Stock Exchange Group’s electronic bond trading platform MTS has collaborated with Johannesburg Stock Exchange (JSE) to launch an electronic government bond trading platform in South Africa. The partnership will.
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Business & Economy
Tanzania: Sh3.3tr Loan to Fund Standard Gauge Railway
30/08/2018Tanzania is to receive a $1.46 billion loan (about Sh3.3 trillion at the prevailing exchange rates) from the British multinational banking conglomerate, Standard Chartered Group. The money will be spent.
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Business & Economy
Guinness Nigeria’s profit before tax grew by ₦7.3 billion in 2018
30/08/2018Guinness Nigeria Plc posted a profit before tax of ₦9.9 billion at the end of the 2018 financial year, the company’s results released by the Nigerian Stock Exchange have shown..
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Business & Economy
Nigerian bankers to meet after MTN ordered to transfer $8.1 bln – Access Bank CEO
30/08/2018Nigeria’s Access Bank expects the country’s banking industry to hold its regular committee meeting soon to discuss South African telecoms firm MTN’s repayment of $8.1 billion, on the orders of.
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Business & Economy
Aker Energy to start Ghana drilling in Oct, eyes development plan in 2019
30/08/2018Norwegian oil firm Aker Energy will delay submitting a plan for development of its block off Ghana until early next year in order to first complete appraisal drilling, expected to.
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Business & Economy
Nigeria: Reforms in Maritime Sector to Drive Economic Growth – Buhari
29/08/2018President Muhammadu Buhari has said the Federal Government is repositioning the maritime sector to become Nigeria’s economic driver. Buhari made the commitment yesterday in Abuja at the launch of a.
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Business & Economy
Nigeria: $3.3bn Egina FPSO Has Opened Nigeria for More Investments, Say Stakeholders
29/08/2018The $3.3 billion Floating Production Storage Offloading (FPSO) unit that sailed away in the early hours of Sunday from Lagos to the 200,000 barrels per day Egina oilfield has opened.
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Business & Economy
Kenya Airways reports Sh4bn loss after tax
29/08/2018Kenya Airways has reported a Sh4b loss after tax for the first six months of 2018. This is an improvement from the Sh5.66bn posted in a similar period last year..
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Business & Economy
China, Africa’s best trading partner for 9 successive years
29/08/2018China-Africa trade has been growing robustly since the launch of 10 major cooperation plans three years ago. In the first half of 2018, bilateral trade rose 16 per cent year.
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