Most Recent World News

National Bank of Kenya has posted Sh282 million losses in the first half of 2018

National Bank of Kenya (NBK) has posted Sh282 million losses in the first half of 2018, compared to Sh179 million profit made same period the previous year. Loans dropped by.

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Ethiopia launches first waste-to-energy plant in Africa

Ethiopia has launched the waste-to-energy facility, a first of its kind in Africa. The plant, situated in Addis Ababa, which has been named as the Reppie project, will incinerate at.

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Nigeria: Govt Spent U.S.$202,000 Servicing External Debt for 2018 Q2

The Debt Management Office (DMO) has disclosed that Nigeria spent a total of $202,253.15 to service its external debt stock for the second quarter of 2018. This was contained in.

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Ivory Coast to auction cocoa crop in advance to guarantee price for season

Ivory Coast’s Cocoa Coffee Council (CCC) has decided to auction all of its cocoa production to exporters in advance in order to set a guaranteed price throughout the season for.

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Equity Kenya, Ethiopian banks to collaborate for payments and ecommerce

Equity Group’s fintech unit has announced discussions with six Ethiopian banks to collaborate on cross-border mobile payments and ecommerce. Finserve Africa is targeting remittances from three million of Ethiopians living.

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Egypt’s Finance Ministry considers issuing LE2 coin category

The Finance Ministry announced in a press statement on Tuesday that it is considering a new coin currency equal to two pounds to ease change issues, which would better facilitate.

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Nigeria Rakes in N111Bn Tax From U.S. Companies

United States of America’s companies operating in Nigeria contributed about N111 billion as tax to the nation’s economy in 2017, LEADERSHIP has exclusively gathered. The tax figure was a cumulative.

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We shall improve Uganda’s quality of exports – trade funder

The United Kingdom’s partnership with Africa is incredibly important to us. In the UK perspective, Africa’s success in the medium and long term matters. Uganda rightly aspires to reach the.

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20 consumers owe City of Cape Town nearly R160m

Cape Town – The Top 10 defaulting Cape Town businesses owe the City more than R120 million in debt older than 90 days and now the City is getting tough.

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Egypt introduces improved financial reporting system for agencies

The finance ministry of Egypt has started the implementation of a new system to monitor state agencies’ financial transactions. The Government Financial Management Information System, which is part of the.

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