Thursday, 14 December 2017

Category: Markets

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Kenyan specialty tea export drops 25 percent

Kenyan specialty tea export drops 25 percent

The value of specialty tea sold to the international market from Kenya dropped 12 per cent after a slump in the economies of major buying countries following low oil prices. Stati ...

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Digital payments to drive economic modernization in Tanzania – study

Digital payments to drive economic modernization in Tanzania – study

A new study from the United Nations-based Better Than Cash Alliance provides findings about the large potential gains for governments, businesses and citizens when digitizing paym ...

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Resilient dollar standing firm in the market

Resilient dollar standing firm in the market

The dollar traded near a two-week high against a basket of major currencies on Monday after US consumer prices rose more than expected in August. It bolstered expectations that th ...

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400 African companies gross $1 billion each in revenue

400 African companies gross $1 billion each in revenue

There are currently 400 companies in Africa earning revenues of $1 billion or more with another 300 generating $500,000. This is according to the latest Mckinsey report ‘Lions on ...

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Ghana’s budget shortfall to drop to 4.9 percent

Ghana’s budget shortfall to drop to 4.9 percent

President John Mahama says that Ghana’s budget deficit is expected to fall to 4.9 percent of GDP in 2016, from an earlier projection of 5 .3 percent. While outlining his ruling pa ...

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Guinness Nigeria to export beer to South Africa

Guinness Nigeria to export beer to South Africa

Guinness Nigeria plans to increase exports to improve sales and generate more foreign exchange as the country’s second-largest brewer battles to overcome an economic slump in its ...

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Sale of Botswana diamond mine flops

Sale of Botswana diamond mine flops

The sale of Firestone Diamonds' operations in Botswana collapsed after the proposed buyer, Tango Mining, failed to meet the conditions of the sale agreement by the deadline date. ...

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User demand for tablets continues to go down

User demand for tablets continues to go down

Sluggish demand from consumers across much of Africa saw the region’s tablet market shrink 13.3% year on year in Q2 2016. This is according to the latest ‘Middle East and Africa Q ...

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China, World Bank join hands to fund Africa projects

China, World Bank join hands to fund Africa projects

China and the World Bank have formed an infrastructure firm with an initial Sh50 billion ($500 million) investment to help fund Africa projects. China Overseas Infrastructure Deve ...

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VW to assemble vehicles in Kenya

VW to assemble vehicles in Kenya

Motor dealer DT Dobie is set to start assembling Volkswagen vehicles, including light trucks, at the Thika-based Kenya Vehicle Manufacturers plant in which it has a 32.5 percent s ...

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