Saturday, April 20, 2019
Nigeria’s central bank said on Wednesday it had ordered South African telecoms firm MTN and four banks to bring $8.134 billion back into the country that MTN had illegally sent abroad in breach of foreign exchange regulations. The news...
2017 was a slow year for M&A deals across Africa. Instability, lack of regulatory clarity and weak economic fundamentals in the continent’s biggest markets in particular worked to limit investor confidence. Meanwhile, increasing concerns over ethical and compliance considerations...
Ethiopian Airlines has signed an agreement with South African aerospace company Aerosud to establish a joint-venture manufacturing company. The Joint Venture Aerospace Company will manufacture and supply various aircraft parts to Boeing, Airbus and other aerospace companies. The manufacturing facilities are...
Orange wants to be much more than a telecoms operator in Africa. We want to be a provider of essential services for our customers.” – Bruno Mettling, CEO of Orange Middle East and Africa. As part of its diversification plan...
The African Export-Import Bank (Afreximbank) expanded its shareholder-base, as it admitted JSC Russian Export Centre (REC), as the latest international financial organisation to join the institution. REC was admitted as a shareholder following its successful subscription to Class “C” shares...
Data released by the hospitality community, Airbnb, reveals that guests are travelling off the beaten track, to towns and cities others often overlook. According to the data, Bloemfontein, South Africa’s judicial capital, has tripled the number of guest arrivals...
Kenya Airways' shares were suspended from trading at the Nairobi Securities Exchange (NSE) for the next two weeks after the government announced last week that it was moving to restructure ownership at the State-owned airline. On Monday, Treasury...
The Kenya Power Pension Fund (KPPF) has been named the best fund in Africa. This is after it emerged the winner of the category in the recently-held Africa Investor (Ai) Capital Market & Index Series Awards in New York, USA. The...
The government has rolled out the second phase of the Sh15 billion Last Mile electricity project that will see more than 2.5 million households connected to the national grid. Energy Cabinet Secretary Charles Keter said that the second phase will include the...
For bond investors, Africa’s been a happy hunting ground this year. Its local-currency and dollar securities easily outperformed those of emerging markets overall as investors piled into a continent offering high yields and starting to recover from the commodity bust...
- Advertisement -

FOLLOW US

8,997FansLike
19,910FollowersFollow
1,000SubscribersSubscribe
- Advertisement -

RECENT EVENTS