KCB Group to Acquire National Bank of Kenya
12/06/2017Kenya biggest lender by assets, KCB Group, has proposed to acquire the National Bank of Kenya through a share swap which will boost its shares of the government’s banking.
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Zimbabwe to Export Wildlife to DRC, Gambia
08/06/2017The Zimbabwean government has said it would export wildlife to Gambia and the Democratic Republic of Congo, according to the Environment Minister, Oppah Muchinguri-Kashiri. She also said that both countries.
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Steinhoff South Africa Reports Rise in Profit, Revenue
07/06/2017South 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,.
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South Africa: Datatec Boost Shares with New Sale Deal
06/06/2017Datatec 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.
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Telkom SA Records Profit Jump
05/06/2017Africa’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.
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Barclays Africa Boost Sales, Reaches Target
01/06/2017Barclays 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.
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Trump Budget Spares Kenya from Deep Cuts in Aid
25/05/2017By: 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.
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Ghana Seeks Improved Terms for IMF Bailout Program
24/05/2017By: 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,.
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South Africa’s Rand Slips after U.K. Bomb Blast
23/05/2017South 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.
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Africa to Experience Growth from Rebound in Global Commodity Prices
22/05/2017It 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.
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