African Economics news

 

  1. CBN Bans Banks From Transacting Bitcoin, Other Digital Currencies

    Thewhistler.ng - Finance 01.18 / 11:53 thewhistler.ng
    The Central Bank of Nigeria (CBN) on Tuesday banned the commercial banks operating in Nigeria against the use of virtual currencies, including bitcoin, ripples,…
  2. Stage freight caused us – Uganda coach

    Ghanabusinessnews.com - Business 01.18 / 11:51 ghanabusinessnews.com
    Head coach of the Uganda National team, Milutin Sredojevic, has attributed his sides loan goal loss to Ghana in the opening match of Group D, on Tuesday, at the Port-Gentil… The post Stage freight caused us – Uganda coach appeared first on Ghana Business…
  3. Ghana Black Stars earn hard fought win over Uganda

    Ghanabusinessnews.com - Business 01.18 / 11:50 ghanabusinessnews.com
    The Black Stars of Ghana, picked up the three maximum points in their first game in Group D, after a hard fought lone goal victory over old foes the Cranes… The post Ghana Black Stars earn hard fought win over Uganda appeared first on Ghana Business…
  4. Tullow discovers new oil fields in Turkana

    Capitalfm.co.ke - Business 01.18 / 11:43 capitalfm.co.ke
    NAIROBI, Kenya, Jan 18 – Tullow Oil plc (Tullow) has announced the discovery of gross oil interval of 55 metres with 25 metres of net oil pay at a depth of 700 metres in Kenya, even as the country prepares for oil exportation. On Tuesday, the firm said the overall oil column for the field … Continue reading "Tullow discovers new oil fields in…
  5. Econet Caught In US$130 Million Rights Concern

    Zimeye.com - Business 01.18 / 11:30 zimeye.com
    ECONET Wireless Zimbabwe is set to seek shareholder approval for a US$130 million capital raising exercise to enable it to pay off its foreign debt. Econet owes four financial institutions US$128,19 million with a weighted average of 7,1 percent  as at February 29, 2016. In addition to this the group pays guarantee fees of 6 p…
  6. Chatbots – Coming one day to a device or business near you?

    Mediaupdate.co.za - Industries 01.18 / 11:11 mediaupdate.co.za
    AI is changing how the world does business and how businesses interact with their customers. As sophisticated AI goes mainstream, the use of chatbots will likely grow, and according to Chantal Troskie, customer experience account manager at Oracle South Africa, South Africa is not that out of step with its international…
  7. From farm to factory: How Vietnam became globalisation winners

    Capitalfm.co.ke - Business 01.18 / 11:02 capitalfm.co.ke
    HAI DUONG, Vietnam, Jan 18 – Nguyen Thi Thanh Loan grew up on a small plot of land in rural Vietnam, with just enough food to eat, few new clothes and no disposable income. Today she works in a Ford factory assembling cars from Chinese, Thai, American and European parts, her children drink imported milk and … Continue reading "From farm to factory: How Vietnam became globalisation …
  8. Samsung launches $150m early-stage startups fund

    Bizcommunity.com - Finance 01.18 / 10:29 bizcommunity.com
    ©Denis Ismagilov via [[www.123RF.com 123RF]]Samsung has launched its Samsung NEXT Fund, a $150 million venture capital investment fund aimed at supporting early-stage startups globally that are pursuing advanced software and services innovation. Read more... | Send to a …
  1. CBN Bans Banks From Transacting Bitcoin, Other Digital Currencies

    Thewhistler.ng - Finance 01.18 / 11:53 thewhistler.ng
    The Central Bank of Nigeria (CBN) on Tuesday banned the commercial banks operating in Nigeria against the use of virtual currencies, including bitcoin, ripples,…
  2. Samsung launches $150m early-stage startups fund

    Bizcommunity.com - Finance 01.18 / 10:29 bizcommunity.com
    ©Denis Ismagilov via [[www.123RF.com 123RF]]Samsung has launched its Samsung NEXT Fund, a $150 million venture capital investment fund aimed at supporting early-stage startups globally that are pursuing advanced software and services innovation. Read more... | Send to a …
  3. Fin24.com | Sanral stabilises slope in Nelson Mandela Bay

    Fin24.com - Finance 01.18 / 05:19 fin24.com
    The completion of an R80m slope stabilisation engineering project in Nelson Mandela Bay has saved Africa’s automotive manufacturing capital from power black-outs, says S…
  4. Fin24.com | How govt can turbo-charge SA’s growth

    Fin24.com - Finance 01.18 / 04:58 fin24.com
    Small businesses can rev-up much needed economic growth in South Africa, but they need added support from the government, says an…
  5. eNCA | Liberty Media shareholders approve acquisition of Formula One

    Enca.com - Finance 01.18 / 01:28 mzansilife.co.za
    The takeover gives the US firm control of a global and highly profitable sport that currently includes 21 races per year and rakes in billions from…
  6. Zimbabwe government releases January pay dates for civil servants …Army, Airforce gets priorty

    Government has released pay dates for civil servants with members of the Zimbabwe National Army and Air Force of Zimbabwe set to receive their salaries today. In a statement issued yesterday by the Ministry of Finance and Economic Development, the health sector would get their salaries on January 20 followed by the police and the […] The post Zimbabwe government releases January pay dates for civil servants …Army, Airforce gets priorty appeared first on Zimbabwe…
  7. JSE up 3.6%, The All Share is up 5% - are these signs of a great year ahead?

    Fspinvest.co.za - Finance 01.17 / 22:11 fspinvest.co.za
    3 to Buy Have local Gold stocks turned? After a roller coaster ride for gold stocks in 2016 which ended with a sharp pullback in several gold stocks. The Gold Price appears to be building a base around $1,175 and local gold stocks are showing signs that they have turned. Sibanye’s acquisition of Aquarius is complete and could be very well timed. Buy at current levels. The one retailer that missed the 5 year rally but is ready to buy now The positive n…
  8. eNCA | Cosatu wants the SA Reserve Bank nationalised

    Enca.com - Finance 01.17 / 15:34 mzansilife.co.za
    The federation was responding to a leaked preliminary report by the Public Protector on the involvement of Absa in an apartheid era…
  1. Stage freight caused us – Uganda coach

    Ghanabusinessnews.com - Business 01.18 / 11:51 ghanabusinessnews.com
    Head coach of the Uganda National team, Milutin Sredojevic, has attributed his sides loan goal loss to Ghana in the opening match of Group D, on Tuesday, at the Port-Gentil… The post Stage freight caused us – Uganda coach appeared first on Ghana Business…
  2. Ghana Black Stars earn hard fought win over Uganda

    Ghanabusinessnews.com - Business 01.18 / 11:50 ghanabusinessnews.com
    The Black Stars of Ghana, picked up the three maximum points in their first game in Group D, after a hard fought lone goal victory over old foes the Cranes… The post Ghana Black Stars earn hard fought win over Uganda appeared first on Ghana Business…
  3. Tullow discovers new oil fields in Turkana

    Capitalfm.co.ke - Business 01.18 / 11:43 capitalfm.co.ke
    NAIROBI, Kenya, Jan 18 – Tullow Oil plc (Tullow) has announced the discovery of gross oil interval of 55 metres with 25 metres of net oil pay at a depth of 700 metres in Kenya, even as the country prepares for oil exportation. On Tuesday, the firm said the overall oil column for the field … Continue reading "Tullow discovers new oil fields in…
  4. Econet Caught In US$130 Million Rights Concern

    Zimeye.com - Business 01.18 / 11:30 zimeye.com
    ECONET Wireless Zimbabwe is set to seek shareholder approval for a US$130 million capital raising exercise to enable it to pay off its foreign debt. Econet owes four financial institutions US$128,19 million with a weighted average of 7,1 percent  as at February 29, 2016. In addition to this the group pays guarantee fees of 6 p…
  5. From farm to factory: How Vietnam became globalisation winners

    Capitalfm.co.ke - Business 01.18 / 11:02 capitalfm.co.ke
    HAI DUONG, Vietnam, Jan 18 – Nguyen Thi Thanh Loan grew up on a small plot of land in rural Vietnam, with just enough food to eat, few new clothes and no disposable income. Today she works in a Ford factory assembling cars from Chinese, Thai, American and European parts, her children drink imported milk and … Continue reading "From farm to factory: How Vietnam became globalisation …
  6. Ghana to get Fiscal Stability and Responsibility Act

    Ghanabusinessnews.com - Business 01.18 / 09:46 ghanabusinessnews.com
    The Finance Ministry will soon introduce a Fiscal Stability and Responsibility Act, to help ensure the stability of the macro economy to attract more investors. Mr Ken Ofori-Atta, Finance Minister-designate,… The post Ghana to get Fiscal Stability and Responsibility Act appeared first on Ghana Business…
  7. Constitution of The Gambia must be respected – ECOWAS

    Ghanabusinessnews.com - Business 01.18 / 09:46 ghanabusinessnews.com
    The Chairperson of the ECOWAS Authority of Heads of State and Government, President Ellen Johnson Sirleaf has said that the Constitution of The Gambia must be respected amid President Jammeh’s… The post Constitution of The Gambia must be respected – ECOWAS appeared first on Ghana Business N…
  8. Fin24.com | Companies secure Eskom vow to not cut electricity

    Fin24.com - Business 01.18 / 08:59 fin24.com
    Eight companies with extensive industrial operations have filed an urgent court application to stop Eskom from cutting the electricity of the Madibeng municipality in North West…
  1. Fin24.com | Tokyo stocks down at break as Trump comments boost yen

    Fin24.com - Markets 01.18 / 05:34 fin24.com
    Tokyo shares have fallen after US president-elect Donald Trump's comment that the dollar was too strong lifted the yen - a negative for Japan's…
  2. Spar Zimbabwe to open new stores in 2017 after re-organisation

    SPAR Zimbabwe Limited has announced plans to grow the SPAR business further in 2017. At the beginning of 2016, SPAR International granted the shareholders of SPAR Zimbabwe the licence to operate the SPAR brand. Over the course of last year, SPAR Zimbabwe has grown the retail portfolio and managed to develope a distribution and…
  3. ZSE industrial index rise as mining index remain flat

    THE Zimbabwe Stock Exchange industrial index gained 0,59 percent to close at 146,21 points for the week, buoyed by mid-capitalisation counters but the mining index remained flat at 58,51 points. Delta gained 2,21 percent to close at 92 cents while Padenga, advanced 0,31 percent to settle at 16,05 cents in the week. Old Mutual…
  4. Imperatives for the new Industrial Policy

    ZIMBABWE is expected to launch a new industrial policy (IP) this year, following the expiry of the one launched in 2012 to run up to 2016. The new policy is going to run until 2020. The World Bank defines an industrial policy as “government efforts to alter industrial structure to promote productivity based growth”. An IP…
  5. Fin24.com | US stocks gain despite Trump hit to pharma

    Fin24.com - Markets 01.15 / 20:59 fin24.com
    US stocks have finished higher after a volatile session, with strong gains by energy shares offsetting the hit to the pharmaceutical sector after criticism by President-elect Donald…
  6. Fin24.com | Richemont steals the show on JSE as Christmas bonanza buoys demand

    Fin24.com - Markets 01.15 / 20:57 fin24.com
    The pattern on JSE has again been one of investors taking profits in early trade, but indices moved upwards again thanks to another record on London's FTSE…
  7. Fin24.com | Resources top performers on JSE this week

    Fin24.com - Markets 01.15 / 20:53 fin24.com
    Share prices on the JSE have been heading upwards again after the customary profit-taking earlier in the day, with resources the best performing shares over the past…
  1. Fin24.com | Choosing a career in the hospitality industry

    Fin24.com - Personal Finance 01.15 / 21:07 fin24.com
    A hospitality qualification can provide the opportunity to enter an exciting, vibrant environment that is continually evolving, says an…
  2. Fin24.com | Improve your financial literacy in 2017

    Fin24.com - Personal Finance 01.15 / 21:05 fin24.com
    As you start off the new year, the best gift you can give yourself is that of financial literacy, which should help you understand and manage your finances better. Neesa Moodley…
  1. Chatbots – Coming one day to a device or business near you?

    Mediaupdate.co.za - Industries 01.18 / 11:11 mediaupdate.co.za
    AI is changing how the world does business and how businesses interact with their customers. As sophisticated AI goes mainstream, the use of chatbots will likely grow, and according to Chantal Troskie, customer experience account manager at Oracle South Africa, South Africa is not that out of step with its international…
  2. Penquin announces new management structure

    Mediaupdate.co.za - Industries 01.18 / 10:10 mediaupdate.co.za
    Results driven full-service agency, Penquin has announced several changes to its senior management structure to bring in…
  3. Fashola advocates ‘undercover bosses’ for power distribution companies

    Businessnews.com.ng - Industries 01.18 / 05:20 businessnews.com.ng
    The Minister of Power, Works and Housing, Mr. Babatunde Fashola has charged the top management of the electricity distribution companies to disguise themselves as ‘undercover bosses’ and interact with their customers to find out their grievances. Speaking at the 11th Monthly Power Sector and Stakeholders Meeting held recently at the Ikeja West Transmission Station in […] Fashola advocates ‘undercover bosses’ for power distribution compani…
  4. NNPC Begins Oil Exploration In Gongola Basin

    Thewhistler.ng - Industries 01.18 / 04:07 thewhistler.ng
    In a bid to further expand the oil resource base in Nigeria, the Nigerian National Petroleum Corporation (NNPC) on Thursday began exploration activities in the Gongola…
  5. Primedia takes branding to South African taxi ranks

    Mediaupdate.co.za - Industries 01.17 / 09:13 mediaupdate.co.za
    Primedia Outdoor offers 1 180 advertising touchpoints across the commuter environment countrywide. The commuter industry is an important sector for any brand looking to reach one of the biggest consumer segments in South Africa as the taxi industry in serves 18 million commuters (of which 15 million travel…
  6. NNPC/Sahara Energy JV unveil vessels to address LPG supply hiccups

    Nigeriantimes.ng - Energy 01.16 / 18:26 nigeriantimes.ng
    The supply logjam which often impedes stable availability of Liquefied Petroleum Gas, LPG, otherwise called cooking gas, may soon be over. The West Africa Gas Ltd (WAGL), a Joint Venture Company of Nigerian National Petroleum Corporation, NNPC, and Sahara Energy will tomorrow, Tuesday 17 January, unveil two LPG vessels in Ulsan, South Korea which…
  7. We won’t devalue Naira – CBN tells BDCs

    Businessnews.com.ng - Industries 01.15 / 16:59 businessnews.com.ng
    The Central Bank of Nigeria (CBN) has told Bureau de Change (BDC) operators it does not intend to devalue the naira and will support it at current levels, especially with a recent rise in oil prices, the head of their association said on Thursday. Reuters quoted the President of the Association of Bureau De Change […] We won’t devalue Naira – CBN tells B…