Tuesday, 25 April 2017

Category: Markets

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Oil production falls to 1.2 million barrels – Nigeria

Oil production falls to 1.2 million barrels – Nigeria

Nigeria’s crude oil production has fallen from 2 million barrels per day to as low as 1.27 million barrels per day. This comes amid the shutdown of two major export grades. Accord ...

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Rand gains ground as dollar softens

Rand gains ground as dollar softens

The rand gained ground on Tuesday, spurred by a globally hobbled dollar and a decision by South Africa’s top court to consider whether a motion of no confidence against President ...

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Rand falls amid politics, downgrades

Rand falls amid politics, downgrades

South Africa's rand traded weaker early on Monday as credit downgrades to "junk" by two ratings firms last week following the sudden firing of the finance minister continued to we ...

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The economic extremes expected post cabinet reshuffle – SA

The economic extremes expected post cabinet reshuffle – SA

The market reaction to last week’s events has, in some ways, been remarkably muted. This could be because the axing of Messrs Gordhan and Jonas was not entirely unexpected. For ma ...

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Shift from expat to local for multinational leadership teams in Africa

Shift from expat to local for multinational leadership teams in Africa

Global multinationals throughout Africa are increasingly filling their top leadership teams with executives from the continent – a move away from the historical trend of appointin ...

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Stanbic to expand into West Africa

Stanbic to expand into West Africa

Standard Bank’s Ivory Coast unit plans to increase its capital levels this year as the continent’s largest lender uses the West African nation as a base to expand into other Franc ...

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Tigo awards $40000 to local innovative entrepreneurs – Tanzania

Tigo awards $40000 to local innovative entrepreneurs – Tanzania

Tigo Tanzania in partnership with Reach for Change, a non-profit organization has given an award of $40 000 to two winners of the 5th edition of the Tigo Digital Changemakers Comp ...

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Dangote Group offered land to mine coal to fuel cement production – Tanzania

Dangote Group offered land to mine coal to fuel cement production – Tanzania

Tanzania has offered land to the Nigerian company to mine coal for its operations. After last year’s deal, Tanzania’s government will supply natural gas to Dangote Cement Company ...

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Kenya opposes Safaricom split

Kenya opposes Safaricom split

Kenya's government opposed using regulation to force east Africa’s biggest mobile ­operator Safaricom to be broken up, after a draft study found the company was dominant in the co ...

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Kenya private sector activity slackens

Kenya private sector activity slackens

Activity in Kenya's private sector barely grew last month as slower credit growth and an ongoing drought in the country weighed on output, hiring and sales, a survey showed on Fri ...

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