20 consumers owe City of Cape Town nearly R160m
21/08/2018Cape 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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Business & Economy
Egypt introduces improved financial reporting system for agencies
21/08/2018The 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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Business & Economy
South Africa’s Land Bank says expropriation could cost the government R41 billion
21/08/2018The Land and Agricultural Development Bank of South Africa (LADBSA) has warned that land expropriation without compensation, implemented on farmland, will trigger a financial fright. As reported by Business Tech,.
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Business & Economy
Ethiopian Airlines, Zambia to relaunch national airline at cost of $30 million
20/08/2018Ethiopian Airlines has signed a shareholding agreement with Zambia’s main development agency to relaunch the southern African country’s flag carrier at an initial cost of $30 million. The Ethiopian state-owned.
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Business & Economy
ECOWAS moves to develop regional strategies for AGOA, TIFA
20/08/2018A Technical Working Group (TWG) comprising of focal points from Directorates of the Commission of the Economic Community of West African States (ECOWAS) recommended that regional and national strategies be.
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Business & Economy
Afreximbank Records $343m Gross Revenue in Half-year
20/08/2018The African Export-Import Bank (Afreximbank) has released its unaudited financial statements for the half-year period ended 30 June 2018, showing gross revenue of $343 million. The figure represented a $21.
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Business & Economy
Nigeria Wasted $1tn Earned in Oil Booms, Says Report
20/08/2018But for the recurring wastefulness of federal government, the country could have used about $1 trillion it earned from its production and sale of crude oil in five different oil.
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Business & Economy
Nestlé Central & West Africa Region appoints Rémy Ejel market head
20/08/2018Nestlé Central & West Africa Limited, a subsidiary of the world’s leading Food and Beverage Company, has appointed Mr. Rémy Ejel as its new Market Head. Mr. Ejel joins Nestlé.
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Business & Economy
Ivory Coast bank woes threaten to slow early cocoa purchases
20/08/2018Poor liquidity within Ivory Coast’s banking system caused by the collapse of the top cocoa producer’s largest domestic exporter risks hindering exports at the start of the upcoming main crop,.
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Business & Economy
Nairobi Securities Exchange suspends trading of Kenya’s ARM Cement
20/08/2018The Nairobi Securities Exchange said on Monday it had suspended trading of Kenya’s ARM Cement two days after it was put under administration. “The suspension in trading of the company’s.
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