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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Zambia’s Central Bank Cuts Benchmark Lending Rate
17/05/2017Zambia’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..
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Kenya Secures Sh21.9 Billion Financial Assistance from China
16/05/2017Kenya 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.
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Vodacom, Safaricom Partner to Tap Kenyan Market
15/05/2017South Africa’s Vodacom said on Monday it will buy a 35 percent stake in Safaricom from its parent company Vodafone for 34.6 billion rand ($2.59 billion), expanding its reach into.
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South Africa Rand Gains as Dollar Slides
10/05/2017By: Mfuneko Toyana South Africa’s rand strengthened on Wednesday following two consecutive days of losses, helped by firmer precious metals prices and a slip in the dollar after U.S. President.
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South Africa Rand falls Close to 1month low as Euro Optimism Spreads
09/05/2017By: Mfuneko Toyana South Africa’s rand extended losses, nearing its weakest level in a month as demand for riskier currencies, as well as gold and other safe-haven commodities, waned following.
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