Saturday, November 17, 2018
The Public Investment Corporation has made an equity investment in South African stock exchange, ZAR X, on behalf of the Government Employees Pension Fund. The PIC acquired a 25% stake in the group, which has a trading value of R3.7...
South Africa’s minister of Public Enterprises, Lynne Brown, has given state-owned utility Eskom the go ahead to resume the signing of outstanding Power Purchase Agreements (PPAs) with renewable independent power producers (IPPs). The PPAs have been kept on ice since...
The former minister of aviation, Babatunde Omotoba, has revealed that the current infrastructure in the power sector was incapable of transmitting more than 4000 megawatts adding that Nigeria cannot generate 7000 megawatts. He stated this in Abuja yesterday at the...
At the annual AfricaCom conference today, pan-African ICT investor, Convergence Partners and 4Di Group announced a recently concluded acquisition of a significant minority stake in ESET Southern Africa by Convergence Partners.  ESET Southern Africa is the local distributor and...
58 years of Nigeria’s independence, Ebere Nwoji writes that the pension sector has recorded significant growth. The pension sector no doubt, is one of the fast growing sectors of the economy since the introduction of the funded Contributory Pension Scheme...
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...
JOHANNESBURG (Capital Markets in Africa) – A unit of Bidvest Group Ltd. agreed to buy FinGlobal, a provider of financial services to South Africans living outside the country, as part of an acquisition drive to expand and diversify its...
Nigeria has enjoyed strong economic growth rates in the last two decades, benefiting from rising oil prices and expansion of non-oil sectors. The plunge in oil prices in 2014 induced fiscal pressures and foreign currency shortages, and spilled over...
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...
TRADE Union Congress of Tanzania (TUCTA) yesterday applauded the enactment of Public Service Social Security Fund Act to merge the various pension funds into two schemes. The trade union apex body welcomed the move, saying the merger will lead to...
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