The Cinema Exhibitors Association of Nigeria (CEAN), the country’s premier Film Trade Association Body, has announced good news for cinema lovers on the occasion of the International Cinema Day. Opeyemi Ajayi, the chairman of the Cinema Exhibitors Association of Nigeria (CEAN), said in a statement on Tuesday in Lagos that cinema lovers would enjoy discounted […]
On the banks of the atlantic in Hann-Bel Air, Dakar, a young man waits desperately for the arrival of a canoe. Galaye Sarr, a 23 year old Fishmonger, like his colleagues and nearly all players in the Fishing industry is currently experiencing hard times owing to a decline in business. The cause? the coronavirus pandemic. […]
South Africa’s economy could contract by 2% to 4% this year due to the coronavirus pandemic and measures to curb its spread, according to the Reserve Bank. A 21-day nationwide lockdown aimed at slowing the spread of the pandemic will reduce the rate of change in gross domestic product for this year by 2.6 percentage […]
The management of the Calabar Mall and SPAR has debunked claimed that the mall collapsed. “The Calabar Mall building did not collapse as suggested through fake claims on the internet, and the shops remain open to customers,” it said. Mrs. Egbunu Kemi, the Management of the Mall has stated on record that the External Advertisement […]
The Central African Stock Exchange wants to accelerate economic diversification of the sub-region following a listing operation on the Central African Stock Exchange. After the merger-absorption of the Douala stock exchange a little more than 8 months ago and the hosting of its very first listing last February, the Central African Stock Exchange wants to […]
Odum Chijioke John, the Founder and Chief Executive Officer of Chiji14xchange, a leading Nigerian e-commerce company in the business of crypto currency trading and Gift cards exchange has decried the lack of government support in their evolving sub-sector of the e-commerce industry. Odum, who made this known in a recent interview accused the government of […]
The coronavirus epidemic continues to disrupt life across the world. The disruption is all but gathering steam in affected even virus-free African countries. The rate of infection is lower on the continent as compared to Europe, Asia and parts of the Americas, where lockdowns are in place. The impact on gatherings is an area that […]
The Johannesburg Stock Exchange (JSE) announces the primary listing of Ninety One Limited (NY1) and the secondary listing of Ninety One Plc (N91) on its Main Board. Ninety One Limited and Ninety One Plc will list on the JSE under the Asset Managers sub-sector. Ninety One has changed its name from Investec Asset Management. The […]
Amid instability in the oil markets and sharp losses for other commodities such as copper, you may be tempted to think gold is the best option for a positive return. But coal beats the metal. Coking coal futures on the Singapore Exchange, which mirror The Steel Index price for Australian free-on-board cargoes, ended at $159.98 […]
Oil prices fell sharply on Monday, after OPEC members failed to strike a deal with oil-exporting countries and Russia. Moscow refused Friday to further reduce crude oil production, to stem the fall in prices linked to the coronavirus epidemic, which has provoked the wrath of Saudi Arabia. In response, Riad lowered the price of a […]
Ecobank Nigeria, Managing Director, Patrick Akinwuntan (middle), on his left, Executive Director, Commercial Banking, Carol Oyedeji and other female Ecobankers during the Bank’s commemoration of this year’s International Women’s Day (IWD) at the Bank’s head office Managing Director, Ecobank Nigeria, Mr. Patrick Akinwuntan has reiterated the bank’s commitment to gender parity among staff. In a […]
It would be remiss to paint the African continent with one brush as many countries are at varying stages of their macroeconomic and political cycles, according to Franklin Templeton Emerging Markets Equity’s Danesh Ranchhod. He highlights some developments happening right at the heart of these economies, and explains why investors should consider opportunities in this […]
The coronavirus has sent global markets to a stand still as its ramifications to a swath of businesses and industries becomes more apparent. Companies that make and sell products are struggling to secure supply lines as business people face one of the most devastating moment in global economy. Globally, the airline industry is set to […]
United Bank for Africa Plc (UBA) has posted a profit after tax of N89.1 billion for the financial year ended Dec. 31, 2019. The profit after tax represented a growth of 13.3 percent to N89.1 billion compared with N78.6 billion recorded in the correpsonding period of 2018. Its profit before tax stood at N111.3 billion […]
Foreign Secretary Jeremy Hunt has told the press during a joint briefing with his Kenyan counterpart Monica Juma that the United Kingdom is committed to favourable trading relations with Kenya even after Britain leaves the European Union. The EU and UK have agreed on a delayed Brexit, Britain postponing its scheduled departure from the union […]
Despite debt concerns, Ethiopia and other governments express support for the Belt and Road initiative and went to Beijing to negotiate for more Chinese financing, writes Silja Fröhlich for Deutsche Welle. African leaders attending a Road and Belt forum in China are looking for new funding and to renegotiate existing debts. China already invests widely in African infrastructure. […]
The multilateral lender says the U.S.$250 million will enable the country to set up the Kenya Mortgage Refinance Corporation, to be owned by the state, commercial banks and financial co-operatives. President Uhuru Kenyatta has said provision of affordable housing is one of his four key priority areas in his second term and aims at providing […]
Kenya’s ban on logging in 2017 has seen charcoal traders flock to Uganda, which is now putting a strain on the country’s dwindling forest cover. Conservationists have warned that with new markets for charcoal in Kenya and Rwanda, in addition to logging for timber and agricultural land, the pressure on forests can only increase. TAGS: […]
Zimbabwean President Emmerson Mnangagwa has agreed to provide foreign currency to businesses and lashed out at companies that increased prices of commodities. The Zanu PF leader described the price hikes as unethical, unpatriotic and inhumane. TAGS: businessCurrenciesGovernanceSouthern AfricaTradeZimbabwe