Tuesday, 20 February 2018

Category: Markets

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Cote d’Ivoire is top prospect for investors in Africa

Cote d’Ivoire is top prospect for investors in Africa

The launch of Nielsen’s second Africa Prospects Indicators (APi) report has given existing and potential investors an unprecedented and even deeper comparative view of the country ...

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MTN annual profit falls

MTN annual profit falls

Africa’s biggest mobile network MTN recorded a 51% drop in full-year profit as the company has set aside R9.29 billion for its record multi-billion Nigerian fine. MTN, in its annu ...

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Barclays denounce disinvestment report

Barclays denounce disinvestment report

UK-based Barclays Africa Group Limited (BAGL) on Monday dismissed speculation that it will disinvest from Africa and said it was fully committed to its African operations. “Barcla ...

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Lewis Group expands in Lesotho, Botswana

Lewis Group expands in Lesotho, Botswana

Lewis Group has received regulatory and competition approvals for the acquisition of 20 Ellerines and Beares stores in Botswana, and 10 in Lesotho. The furniture retailer, made th ...

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Sideways move a solid bet for young guns eyeing the top job

Sideways move a solid bet for young guns eyeing the top job

Despite transformation still lagging in the top echelons of SA’s Top 40 companies, a recent report indicates an interesting development in leadership talent among executives. Acco ...

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Agriculture in Zambia set to be next big business

Agriculture in Zambia set to be next big business

“It is an over-worn cliché to say that Zambia will one day become the ‘bread basket’ of the region but there is no doubt that, despite of current challenges, the future of Zambia’ ...

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Woolworths delivers growth update

Woolworths delivers growth update

Retailer Woolworths said first-half headline earnings per share increased by 30.6% with a 17.1% increase in revenue of R35.5bn and a 48.1% increase in gross profit. The increase w ...

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Sub-Saharan Africa consumer confidence levels remain steady

Sub-Saharan Africa consumer confidence levels remain steady

Despite the fact that a number of African countries were buffeted by falling commodity and currency prices towards the end of last year, the latest Nielsen Consumer Confidence Ind ...

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Rand gains on rate hike, kwanza continues free fall

Rand gains on rate hike, kwanza continues free fall

The South African rand strengthened on Friday after the South African Reserve Bank (SARB) increased the benchmark rate by 50 basis points. The rand traded below the psychological ...

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Buhari rubbishes currenty devaluation, as Nigeria seeks to boost business with Kenya

Buhari rubbishes currenty devaluation, as Nigeria seeks to boost business with Kenya

Nigeria’s president Mohammed Buhari on Wednesday rejected calls to devalue the country’s currency saying he will not kill the naira. While on a state visit to Kenya, Buhari said a ...

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