Wednesday, 23 August 2017

Category: Markets

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Major boost for Zanzibar aquaculture industry

Major boost for Zanzibar aquaculture industry

The Government of Zanzibar in partnership with the Korean International Cooperation Agency (KOICA) and the Food and Agriculture Organisation of the United Nations (FAO) have launc ...

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Why Ethiopia is on track to become Africa’s industrial powerhouse

Why Ethiopia is on track to become Africa’s industrial powerhouse

Ethiopia seems to be attracting the attention of economists interested in Africa, and for good reason. Except for Rwanda, Ethiopia is the only African country whose economic growt ...

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Rand falls more than 8% against dollar as Britain exit EU

Rand falls more than 8% against dollar as Britain exit EU

South Africa's rand slumped more than 8 percent against the dollar on Friday, on track to its biggest one-day percentage fall since 2008, as Britain voted to leave the European Un ...

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Nigerian naira falls 23% after currency peg

Nigerian naira falls 23% after currency peg

As controversies rage on over the state of the Nigerian naira, financial experts have continued to react on possible outcome of the currency. The Nigerian naira slumped 23 percent ...

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How investors see South Africa: lots of potential, not worth the hassle

How investors see South Africa: lots of potential, not worth the hassle

South Africa has narrowly survived a downgrade of the rating of its government bonds. The reprieve, however, is temporary because government has been warned by the Big Three ratin ...

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West Africa: IMF applauds Nigerian bank, concerns over Benin

West Africa: IMF applauds Nigerian bank, concerns over Benin

The International Monetary Fund (IMF) has welcomed the Nigerian Central Bank’s decision to abandon its currency peg for a more flexible exchange rate policy. The international mon ...

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Low banking rate in Mauritania amid financial growth

Low banking rate in Mauritania amid financial growth

Mauritania’s financial sector has grown massively in recent years. In less than ten years, the number of banks in Mauritania has almost doubled in the country which had 10 in 2008 ...

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Tanzania targets industrial and infrastructure boom

Tanzania targets industrial and infrastructure boom

The Tanzania budget has focused on industrial and infrastructural development as key areas of investment in the first year of President John Magufuli’s administration. The governm ...

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Mr Price flourishes amid weak economy

Mr Price flourishes amid weak economy

Mr Price said yesterday that its sales exceeded R20 billion and earnings exceeded R10 a share for the first time since the group’s inception. Chief executive Stuart Bird said the ...

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Botswana retailer buys Ukwala stores in Kenya

Botswana retailer buys Ukwala stores in Kenya

Botswana supermarket chain Choppies Enterprises has finally succeeded in its year-long quest to enter Kenya’s retail space through the acquisition of Ukwala Supermarkets stores. T ...

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