In addition to the Middle East and North Africa, the United Arab Emirates is becoming asignificant hub for trade and investment in South Asia, Central Asia and Sub-Saharan Africa.Large multinational companies attribute the UAE's attraction…
Border closure hits Dangote, export moved to Congo
Dangote Cement exports from Nigeria to neighbouring countries fell 41% in 2019 when Nigeria’s government closed the land borders. The development has made the dominant cement company in Africa move its exports to Congo Republic,…
Congo unveils new docks in commercial city port
The port of Pointe Noire is constantly expanding. President of the Republic of Congo Denis Sassou Nguesso on Wednesday inaugurated new infrastructure for the Congo terminal. It is the concessionaire of the Autonomous Port of…
Egypt’s economy to become sixth strongest in the…
Talal Abu-Ghazaleh International Organization, said that Egypt’s economy is set to become the sixth strongest in the world by the year 2030, during an interview with Russia Today (RT) on Thursday, February 20. Highlighting a…
MCAs demand financial autonomy in BBI proposals
MCAs want county assemblies to be financially independent in proposals to the Building Bridges Initiative. The County Assemblies Forum said the county assemblies’ financial autonomy was key to the proper dispensation of their mandate as…
We Want To Enforce The Use Of The…
Finance Minister in an interview with the Sunday Mail said the mono currency situation is here to stay and the government wants to enforce the use of the Zimbabwe Dollar and they will penalise those…
Morocco Boasts Stronger Investment Climate than South Africa,…
Rabat – Rand Merchant Bank (RMB) has named Morocco the second most attractive country for investment in Africa, emerging stronger than South Africa and second only to Egypt in the bank’s 2019 index. The index,…
SAA business rescue practitioners defend decisions on embattled…
The joint South African Airways (SAA) business rescue practitioners (BRP) on Sunday defended steps taken to turn the embattled airline around, but also pledged to continue engaging stakeholders and to include inputs in the final…
WEMA Bank posts 32% rise in profit
Wema Bank Plc has reported a 32.5% increase in its after-tax profit for Full Year 2019 compared to the corresponding period of 2018. The full account of the bank’s financial performance in the review period…
OPEC Committee Recommends Fresh 600,000bpd Oil
With crude oil prices shedding over $11 per barrel this year to $55, thus alarming the producers, a panel set up by the Organisation of Petroleum Exporting Countries (OPEC) and its allies have recommended a…
SA bond yields fall to five-month lows as…
Foreign investors have overlooked pertinent domestic risks and rushed into rand-denominated bonds, prompting the yields on 10-year government bonds to fall to their lowest levels in almost five months on Thursday. Global markets recovered this…
Cash-strapped Cell C to renew deal with Sharks
Cell C, which has defaulted on almost R3bn of debt, said on Wednesday it had renewed its sponsorship agreement with Sharks Rugby. “Our sponsorship over the last six years has proven exceptionally valuable as a…
South African Billionaire Apologizes After Telling President Trump…
South African billionaire Patrice Motsepe apologized for telling U.S. President Donald Trump that Africa loves him, but warned the growing perception that the continent is anti-America may hamper investment. Motsepe’s remarks to Trump at a…
Minister urges Nigerian states to embrace digital economy
Nigeria’s Minister of Communications and Digital Economy, Dr. Isa Pantami, has urged the 36 states of Nigeria to key into the nation’s policy of national digital economy and strategy designed to fast-track growth.President Muhammadu Buhari…
Kenyan investment bank predicts continued opportunities for NSE
Genghis Capital, one of the leading investment banks in Kenya on Tuesday released a report predicting that the Nairobi Securities Exchange (NSE) will offer both local and foreign investment opportunities for the year 2020.According to…
Buhari unveils giant strides in agric. during meeting…
President Muhammadu Buhari has unveiled progress of his administration and the strides in agriculture, leading almost to self-sufficiency in rice and other grains.He told British Prime Minister Boris Johnson on Monday in London on the…
As Brexit nears, UK’s Johnson pushes for deeper…
The United Kingdom is positioning itself to be the ‘investment partner of choice’ for Africa, holding a summit with leaders of 21 African countries on Monday, days before it leaves the European Union (EU). Britain’s…
AfDB reveals top priority as Adesina visits UK
The African Continental Free Trade Area (ACFTA) will top discussion as Dr Akinwumi Adesina, the President of African Development Bank (AfDB) is expected in London for the milestone investment summit. The bank’s Communication and External…
Nigeria leads 6 nations opposed to change of…
Six West African countries have criticised what the changes of the regional CFA Franc currency to Eco, saying its not in line with what was agreed for the adoption of a single regional currency. Last…
