Tuesday, 25 July 2017

Category: Business

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Egypt hikes electricity prices by up to 42 percent

Egypt hikes electricity prices by up to 42 percent

Egypt has hiked electricity prices by up to 42 percent as part of the latest subsidy removal measure adopted by the government as part of an International Monetary Fund (IMF) requ ...

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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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Uganda civil servants face strict dress code

Uganda civil servants face strict dress code

Public servants in Uganda are facing a strict dress code after the government issued a circular warning them to "dress decently". Female staff have been told not to show any cleav ...

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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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700 Boko Haram fighters surrender to Nigerian army

700 Boko Haram fighters surrender to Nigerian army

The Nigerian Army has reported that over 700 Boko Haram fighters had surrendered to troops engaged in the fight against the insurgent group. A statement on the army’s website said ...

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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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Fire destroys Zambia’s biggest trading hub, City Market

Fire destroys Zambia’s biggest trading hub, City Market

Zambia’s biggest market has been on fire since the early hours of Tuesday, local media and journalists are reporting. The City Market, located in the capital, Lusaka, is not just ...

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International observers warn against possible election violence – Kenya

International observers warn against possible election violence – Kenya

The EU has warned of possible violence in Kenya's August elections, reports AFP news agency. "It is no secret that there are concerns about the possible outbreak of violence. This ...

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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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