Saturday, 27 May 2017

Category: Markets

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  • Moody’s downgrades China

    Moody’s downgrades China

    Moody's Investors Service downgraded China’s credit ratings on Wednesday for the first time in nearly 30 years, saying that it expects the financial strength of the economy will er ...

  • Africa’s economy worth $3 trillion by 2030

    Africa’s economy worth $3 trillion by 2030

    Africa is well on track to be a $3 trillion economy by 2030 through economies of nineteen countries that are expected to grow more than 5percent in the process. A latest report by ...

  • Orange introduces its brand in Liberia

    Orange introduces its brand in Liberia

    With over 1.6 million customers at the end of February 2017, Orange Liberia is the leading mobile operator in Liberia in terms of customers. Orange, one of the world’s leading tele ...

  • The Big 5 Construct Egypt scheduled to debut in 2018

    The Big 5 Construct Egypt scheduled to debut in 2018

    The Big 5 Construct Egypt will take place at the New Cairo Exhibition Centre - on 15-17 September 2018 and will showcase the innovative products, technologies and services of hundr ...

Chinese investment in Africa rises in first quarter of 2017

Chinese investment in Africa rises in first quarter of 2017

Trade between China and Africa has risen by a fifth in the first quarter of 2017, while China’s direct investment in Africa soared by 64 percent, the Chinese commerce ministry sai ...

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Zambia to get IMF loan

Zambia to get IMF loan

Zambia will settle a deal with the International Monetary Fund for as much as $1.6 billion by the end of June, Finance Minister Felix Mutati said. “We will conclude by the end of ...

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Safaricom posts 20% earnings increase – Kenya

Safaricom posts 20% earnings increase – Kenya

Kenya’s biggest telecoms operator, Safaricom posted a 20.7 percent jump in its earnings before interest, taxation, depreciation and amortisation (EBITDA) to 100.3 billion shilling ...

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Kenya law approves livestock for bank loans

Kenya law approves livestock for bank loans

Low-income earners in Kenya can now take bank loans by using livestock, crops and other household appliances as collateral. President Uhuru Kenyatta signed into law the Moveable P ...

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Rand improves against the dollar

Rand improves against the dollar

The rand recovered against the dollar on Tuesday, but gains were limited as demand for riskier currencies as well as safe-haven commodities waned. At 5pm, the rand was bid at R13. ...

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Oil and dollar stall, again

Oil and dollar stall, again

Emerging markets retreated on Tuesday as oil prices stayed under $50 per barrel and the dollar firmed, with the Russian rouble trading near two-month lows and emerging stocks post ...

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MTN in talks with MultiChoice over TV entertainment on smartphones

MTN in talks with MultiChoice over TV entertainment on smartphones

MTN Group senior executive Stephen Van Coller said his role has been changed to head of digital services at Africa’s biggest wireless operator, seven months after he joined the co ...

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Amazon sweeps US market

Amazon sweeps US market

Amazon is dominating the nascent market for voice-controlled speakers, research firm eMarketer said on Monday. The e-commerce giant's Amazon Echo and Echo Dot devices will claim a ...

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Google to expand digital skills for Africans

Google to expand digital skills for Africans

American multinational technology company, Google, said on Friday that it would be expanding its African digital skills programme by adding offline versions of its online training ...

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MTN expects growth

MTN expects growth

MTN’s newly appointed group chief executive Rob Shuter, who joined the company in March, said he expected Africa’s mobile giant to grow market share. In the company’s quarterly up ...

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