Tuesday, 18 September 2018

Category: News

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Barclays Africa changes top management structure

Barclays Africa changes top management structure

Barclays Africa Group appointed Peter Matlare as deputy chief executive and said investment banking head Stephen van Coller would leave. South Africa’s third-largest lender made c ...

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Total deserts Congo oil field due to global oil price decrease

Total deserts Congo oil field due to global oil price decrease

French oil company Total has decided to abandon its “Pointe-Noire Grand Fonds” oil field in the Republic of Congo, citing the decrease in global oil prices, Jeune Afrique has repo ...

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Tanzania to record a 7.4 percent growth in 2017

Tanzania to record a 7.4 percent growth in 2017

Tanzania's economy is expected to grow by 20 basis points to 7.4 percent in 2017. The central bank said this growth will be driven by construction, communications and finance. The ...

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Helium deposit worth billions of dollars discovered in Tanzania

Helium deposit worth billions of dollars discovered in Tanzania

A vast field of helium has been discovered in a section of the Great Rift Valley in Tanzania, scientists are reporting. The scarce gas, which is used in high-tech devices such as ...

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Uhuru Kenyatta in Botswana for trade talks

Uhuru Kenyatta in Botswana for trade talks

President Uhuru Kenyatta on Monday morning travelled to Botswana for a three-day state visit. The visit is geared towards boosting trade and bilateral relations between Kenya and ...

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Econet settles to R6.5 billion deal for Neotel

Econet settles to R6.5 billion deal for Neotel

Liquid Telecom, majority owned by Econet Wireless Global, agreed to pay R6.55 billion (us$428 million) to Tata Communications for South African Internet-service provider Neotel to ...

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British Prime Minister David Cameron resigns on back of Brexit

British Prime Minister David Cameron resigns on back of Brexit

In a speech given outside Downing Street this morning, David Cameron explained he would step down by October to ensure the country has a "strong, determined and committed leadersh ...

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Britain votes to leave the EU, here’s what happens next

Britain votes to leave the EU, here’s what happens next

Britain has voted to leave the European Union. This is having an immediate effect on markets. It will have immediate political ramifications too. David Cameron will, fairly soon, ...

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Zimbabwe restricts SA imports

Zimbabwe restricts SA imports

Zimbabwe has imposed restrictions on mainly South African imports in an attempt to protect local industries and limit the outflow of scarce US dollars, Industry Minister Mike Bimh ...

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President Magufuli clarifies job freeze in Tanzania

President Magufuli clarifies job freeze in Tanzania

President John Magufuli has clarified why the government decided to freeze new employment opportunities in the public service. Magufuli said the move is aimed at stamping out ghos ...

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