Saturday, September 22, 2018
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...
Telkom Kenya, the third largest mobile phone provider by subscription has announced a partnership with American Tower Corporation for the acquisition of tower masts in Kenya which expands the American company’s hold in Kenya. The two companies announced that they...
Kepler Capital Markets set a CHF 95 price objective on Nestle (VTX:NESN) in a research note published on Wednesday, December 6th. The brokerage currently has a buy rating on the stock. Several other equities analysts have also issued reports on...
MTN Group Ltd. plans to borrow as much as 400 billion naira ($1.1 billion) in Nigeria this year as Africa’s largest wireless carrier by sales seeks to fund local investment and replace existing debt in the continent’s most populous country. MTN...
Billionaire Beny Steinmetz is back to mining diamonds. The Koidu mine in Sierra Leone, controlled by the billionaire’s family trust, has started mining again after halting production for almost a year. It’s the latest step in a recovery for a business that’s...
Following prolonged delays in the expansion of the Hwange Thermal Power Station, due to financial constraints, the project has secured $116 million to proceed. The Zimbabwe Power Company (ZPC) is set to receive equity contributions from Standard Bank South Africa...
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...
AFRICA OIL CORPORATION (OTCMKTS:AOIFF) had a decrease of 3.12% in short interest. AOIFF’s SI was 511,800 shares in December as released by FINRA. Its down 3.12% from 528,300 shares previously. With 58,600 avg volume, 9 days are for AFRICA...
Ghana’s Cocobod is seeking up to $1.5 billion from China’s Eximbank to improve farms and install irrigation systems and other projects, the regulator’s chief executive Joseph Aidoo said on Wednesday. A man carries a cocoa bag while walking over cocoa...
After six successive months of year-on-year growth, the motor industry is confidently forecasting that full-year, new-vehicle sales for 2017 will improve by 2% compared to 2016. Figures from the Department of Trade and Industry show that sales totalled 49,754 last...

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