Saturday, 27 May 2017

Category: Business

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  • Zambia plans to move its capital from Lusaka to Ngabwe in the centre

    Zambia plans to move its capital from Lusaka to Ngabwe in the centre

    Zambian authorities are planning to move the capital city from Lusaka in the southern part of the country to Ngabwe in the centre. The decision was announced by the Minister of Nat ...

  • Kenyan workers say they are underpaid in new survey

    Kenyan workers say they are underpaid in new survey

    Three fifths of Kenyan workers feel underpaid as opposed to 53 per cent for the rest of Africa, according to a new study. The revelations are contained in the first pan-African stu ...

  • Moody’s downgrades China

    Moody’s downgrades China

    Moody's Investors Service downgraded China’s credit ratings on Wednesday for the first time in nearly 30 years, saying that it expects the financial strength of the economy will er ...

  • Rand marks a new 4-week high

    Rand marks a new 4-week high

    The rand rallied to a four-week high against the dollar on Wednesday and government bonds gained after annual consumer inflation fell more than expected as food price rises eased. ...

The Big 5 Construct Egypt scheduled to debut in 2018

The Big 5 Construct Egypt scheduled to debut in 2018

The Big 5 Construct Egypt will take place at the New Cairo Exhibition Centre - on 15-17 September 2018 and will showcase the innovative products, technologies and services of hund ...

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IMF predicts 1% growth for SA’s economy in 2017

IMF predicts 1% growth for SA’s economy in 2017

International Monetary Fund (IMF) has raised South Africa’s growth forecast for this year after recoveries in the agriculture and mining sectors. The IMF expects Africa’s most ind ...

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Corruption weakens Boko Haram fight

Corruption weakens Boko Haram fight

Military corruption is weakening Nigeria’s efforts to battle the Islamist insurgency of Boko Haram, the watchdog Transparency International said on Thursday. Its report underlines ...

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Prison break: More than 3,000 escaped in DR Congo jail break

Prison break: More than 3,000 escaped in DR Congo jail break

Security sources in the Democratic Republic of Congo said that more than 3,000 prisoners are believed to have escaped when armed men attacked the country's main prison early yeste ...

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Ford to cut 10% of global workforce

Ford to cut 10% of global workforce

Ford Motor plans to cut about 10 percent of staff worldwide as Chief Executive Officer Mark Fields faces escalating pressure to boost profit and a lagging stock price, the Wall St ...

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Fendt tractors launch in South Africa at NAMPO 2017

Fendt tractors launch in South Africa at NAMPO 2017

The official launch of Fendt machines in Africa took place at the NAMPO Harvest Day in Bothaville, South Africa on the 16th of May. Four tractors from the high-tech brand Fendt we ...

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16th Africa Independents Forum: Developing and driving change in Africa’s oil and gas industry

16th Africa Independents Forum: Developing and driving change in Africa’s oil and gas industry

As one of the foremost events on the international Oil and Gas calendar, the 16th Africa Independents Forum to take place in London over 24th and 25th May brings together all stak ...

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Macron’s first African trip set to be Mali

Macron’s first African trip set to be Mali

French President Emmanuel Macron will be undertaking his first African trip days after officially taking over at the Elysee Palace. According to AFP news agency, the 39-year-old’s ...

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Vodafone sells $2.6 billion Safaricom shares to South African unit

Vodafone sells $2.6 billion Safaricom shares to South African unit

Vodafone Group is simplifying its holdings in sub-Saharan Africa, selling a $2.6 billion stake in Kenya’s Safaricom Ltd. to its majority-owned Vodacom Group Ltd. The all-share dea ...

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Opera announces Victor Moses as brand ambassador in Africa

Opera announces Victor Moses as brand ambassador in Africa

Opera is kicking off a partnership with football professional Victor Moses, Chelsea player and Nigerian national team star player. Moses will be the brand ambassador of Opera Mini ...

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