Wednesday, 21 November 2018

Category: Markets

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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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Top 15 investment regions in Africa

Top 15 investment regions in Africa

The prime factors behind the sub-Saharan African growth story are strong macroeconomic growth and outlook, improving business environment, rising consumer class, abundant natural ...

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Kenya records fastest rise in foreign direct investments

Kenya records fastest rise in foreign direct investments

A total of 84 projects from real estate, renewable and geothermal energy as well as roads and railways provide a huge chunk of new jobs. Kenya recorded the fastest rise in foreign ...

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Gupta-linked companies dropped by bankers and auditors in South Africa

Gupta-linked companies dropped by bankers and auditors in South Africa

Companies controlled by members of the Gupta family, who are friends of President Jacob Zuma, have been dropped by their bankers, broker and auditors after the governing party ord ...

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Old Mutual Zim reports solid results

Old Mutual Zim reports solid results

Decent performance by its life business as well as the banking unit saw Old Mutual Zimbabwe report a strong set of results for the year to end-December 2015. Speaking at an analys ...

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Nigerian legislature finally passes 2016 budget

Nigerian legislature finally passes 2016 budget

Nigeria’s parliament finally approved President Muhammadu Buhari’s 2016 budget on Wednesday, paving the way for massive spending designed to boost growth in the country grappling ...

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Strong data growth in Uganda for MTN

Strong data growth in Uganda for MTN

MTN Uganda, the country's biggest telecoms firm, sees strong data sales helping 2016 revenue rise from seven to 10 percent, and expects to seek a syndicated loan soon, its chief e ...

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