Wednesday, 23 August 2017

Category: Markets

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Unilever to increase investment portfolio in Nigeria

Unilever to increase investment portfolio in Nigeria

Unilever West Africa’s Vice President, Supply Chain, Siddharth Ramaswamy, said the company has concluded plans to increase its investment portfolio in Nigeria, thereby enhancing l ...

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Ghana Export Promotion Authority targets $4 billion in 2017

Ghana Export Promotion Authority targets $4 billion in 2017

The Ghana Export Promotion Authority (GEPA) is targeting $4 billion in non-traditional exports (NTEs) earnings for 2017. The target represents a big leap from the $2.463 billion r ...

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Naira depreciates to N368/$

Naira depreciates to N368/$

The naira on Tuesday depreciated to N368 per dollar in the parallel market owing to demand pressure. Vanguard survey revealed that the parallel market exchange rate rose to N368 p ...

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Volvo introduces electric cars

Volvo introduces electric cars

Volvo Car Group has announced it’s introduction of a range of five electric vehicles. The automaker will introduce the vehicles between 2019 and 2021, and also stated that it plan ...

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Rand knocked as ANC proposes nationalising Reserve Bank

Rand knocked as ANC proposes nationalising Reserve Bank

The rand was knocked on Wednesday after Bloomberg reported that the African National Congress (ANC) has proposed that the South African Reserve Bank should be wholly state-owned, ...

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Kenya pens $140.6m MoU with Japan for road building

Kenya pens $140.6m MoU with Japan for road building

Kenya has signed a $140.6m (Sh14.6 billion) memorandum of understanding (MoU) in loans, grants and aid with the government of Japan to boost infrastructure and security ventures. ...

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Barclays Kenya to close down seven branches

Barclays Kenya to close down seven branches

Barclays Bank of Kenya (BBK) will close seven of its branches beginning October 1, putting at risk hundreds of jobs in the targeted units. Operations of the affected branches will ...

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Petrol prices to drop in SA

Petrol prices to drop in SA

The Retail price of 93 octane unleaded petrol (ULP) and lead replacement petrol (LRP) will drop by 69c with effect from midnight on Tuesday, the energy department has announced. T ...

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SA and Kenya to boost trade prospects

SA and Kenya to boost trade prospects

South African businesses had a crucial role to play in growing the Kenyan economy following on from the commitments made during the state visit by President Jacob Zuma in October ...

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Standard Bank links African and Chinese clients

Standard Bank links African and Chinese clients

Standard Bank on Wednesday launched the world’s first dedicated Africa China Banking Centre (ACBC) in Johannesburg. The Centre will look to provide a platform to link African and ...

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