FirstRand Africa Expansion Efforts Suffer Setback As Ghana Talks Fail
From Money Web FirstRand Ltd. said talks to buy Merchant Bank Ghana failed, setting back the efforts of South Africa’s second-largest financial services company to build a presence in West Africa....
View ArticleMiddle East Carriers Take Advantage of Nigeria’s Thriving Air Travel Market
From Business Day Nigeria The big boom in Nigeria’s air travel market in the last one year, is attracting major players from the Middle-East, now regarded as the emerging hub of international air...
View ArticleNigerian Stock Exchange Wants Trading Rule Changes; Nigerian Stocks See Four...
From Business News What shaped the past week Global Markets This week marked the start of earnings seasons and Global markets, specifically the U.S and European markets, opened the week positive on...
View ArticleSouth African Tax Chief Resigns After Investigation
From Bloomberg Oupa Magashula, the head of the South African Revenue Service, quit after a panel found that he sought to stymie its investigations into whether he breached hiring procedures. Finance...
View ArticleNYC Case Exposes West African Mining Rights Fight
From Yahoo News While the FBI eavesdropped on Frederic Cilins this year, prosecutors say the Frenchman sometimes dropped his voice to an urgent whisper. They also say his words, though quiet, spoke...
View ArticleKenyan Motorists Will Pay More For Fuel, Says Energy Regulatory Commission
Motorists in Kenya can expect to pay more for super petrol and diesel following fuel prices adjustment by the Energy Regulatory Commission (ERC). The ERC increased super petrol and diesel prices by...
View ArticleEgypt Freezes Assets of Key Members of Muslim Brotherhood
Egypt has taken a bold move against the leaders of the Muslim Brotherhood. The country’s public prosecutor has frozen the assets of 14 Islamist leaders, reports The BBC. Among those who reportedly had...
View ArticleKenyan Peacekeepers Involved In Illegal Somalia Charcoal Export, Charges U.N.
According to a recently revealed confidential report by U.N. monitors, Kenyan soldiers in the African Union peacekeeping force in Somalia aided in illegal charcoal exports from the port city of...
View ArticleKenya Debt Control, External Distress Impressive to IMF
From All Africa The International Monetary Fund is satisfied with Kenya’s debt levels and does not see the country exposed to risk of external debt distress. According to the fund’s latest debt...
View ArticleEthiopia, World’s 3rd-Fastest Growing Economy?
Considering Ethiopia’s high rate of poverty, investment in the country’s information and communication technology is among the highest in the world, according to a report in BizTechAfrica. Ethiopia’s...
View ArticleLuxury Property, Economic Growth on the Rise in Morocco
From Property Abroad Morocco is turning into another Arabian real estate success story, with a future marked out by better economic growth than most European countries and good relations with both its...
View Article3M Restructuring Africa Operations, Looking To Mining, Oil And Gas
U.S.-based 3M, maker of myriad consumer products, sees mining, oil and gas as potential industries for future growth in Africa, along with energy and healthcare, according to a report in...
View ArticleCôte d’Ivoire Working to Grow Economy, Support SMEs
In May the International Finance Corporation (IFC) — a World Bank group — announced that the organization would collaborate with Côte d’Ivoire’s government to encourage business growth, and to better...
View ArticleAnnual Inflation in Namibia Reaches 6.2%
From All Africa Annual inflation accelerated to 6,2% in June from from 6,1% in May, the Namibia Statistics Agency said yesterday. Inflation was 5,6% in June last year. The agency said all items index...
View ArticleRed Cross Assisting Jonglei Violence Victims, More Medical Teams Needed
From International Committee of the Red Cross A new eruption of intercommunal violence in Jonglei, South Sudan, has resulted in hundreds of severe casualties. To help medical personnel cope with the...
View ArticleReport: Domain Registry Business Wide Open In Africa
Despite technical training provided by various global internet service providers, the domain registry business remains relatively untapped in Africa, according to a report in ITworld.com. One of the...
View ArticleMauritius Looks to be Indian, Foreign Investment Routing Platform
As Mauritius and India have long established investment relations, policymakers in the island-nation are suggesting that Indian investors route future business deals through the country. Deemed as the...
View ArticleA Zambian Beef Distributor Makes It In Africa
A first for Zambia, Zambeef Products CEO Francis Grogan has been named a finalist in the All Africa Business Leaders Awards sponsored by CNBC Africa, Forbes Africa and ABN Productions. Grogan was...
View ArticleSeven Gabonese Airlines Land on EU Airspace Blacklist
From African Manager Seven Gabonese airlines are on the black list of 21 airlines banned from European air space because “they do not meet the appropriate security conditions,” sources close to the...
View ArticleThe 10 Cheapest Cities For Luxury Living Around The World
Have you ever thought of giving up your hustle-and-bustle life in a town that you love but can’t totally afford for a place where your dollars could take you a little or a lot further? You don’t have...
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