South Africa-based retail group Steinhoff International has recently reported a 13 percent increase in half-year operating profit and a 48 percent jump in revenue as recent acquisitions buoyed sales. Steinhoff,.
Datatec Ltd, a South African information technology firm on Tuesday said it will sell its Westcon-Comstor Americas business to Synnex Corp for up to $800 million, sending its shares up.
Africa’s largest landline producer, Telkom SA, recently reported a rise in a year’s earning as result of a result of an excellent performance from its mobile business and its enterprise.
Barclays Plc shrinks its stakes in its Africa unit earlier than expected as the bank increased the size of a share sale by over 50 percent. The London-based.
By: Kevin J. Kelley President Donald Trump’s proposed US spending plan generally spares Kenya from the deep cuts the White House is seeking in the overall foreign assistance budget. The.
By: Ekow Dontoh Ghana is seeking better terms for its debt-support program with the International Monetary Fund as the parties discuss an extension of the agreement beyond an April 2018 deadline,.
South Africa’s rand retreated on Tuesday as a suspected bomb attack in the United Kingdom spurred investor flight to safe-haven currencies amid broad risk aversion globally. At 0640 GMT, the.
It has been projected that Africa will see a lift-off in economic growth this year and next on the back of a rebound in global commodity prices, an annual report.
Zambia’s central bank has recently cut its benchmark lending rate by 150 basis point to 12.5 percent, Governor Denny Kalyalya said on Wednesday, citing lower inflation and subdued economic growth..
Kenya secured Sh21.9 billion financial assistance from China for infrastructure development and drought mitigation. The money includes a Sh19.2 billion grant to deepen ties between the two countries. An.
