Oando: London Arbitration Court Orders Tinubu’s Firms to Pay Volpi $680m
There appears to be no end in sight in the tussle between Oando Plc and Ansbury Investments Incorporated as the London Court of International Arbitration Read more
There appears to be no end in sight in the tussle between Oando Plc and Ansbury Investments Incorporated as the London Court of International Arbitration Read more
The Asset Management Corporation of Nigeria (AMCON) has secured a Federal High Court Abuja Division to take over Sigma Apartments owned by Sigma Engineering & Read more
Dr Elijah Aderibigbe, the Director , Irrigation and Drainage , Federal Ministry of Water Resources , has assured that the Federal Government will complete all Read more
Delta Airlines has launched a new nonstop service from Lagos to New York-JFK, linking the financial capital of Nigeria to the financial capital of the Read more
In line with its commitment to reward excellence and high performance, Pan-African financial institution, United Bank for Africa (UBA) Plc, has announced the promotion and Read more
KIGALI (Reuters) – Nigeria, Africa’s biggest economy, signalled its opposition to a continental free trade zone, saying it would defend its own businesses and industry. Read more
U.S. stocks were on a first-class ride into record territory in 2017. But they weren’t alone. The value of public companies on global stock markets Read more
Hundreds of thousands of children in the Kasai region of the Democratic Republic of Congo (DRC) will starve to death in the next few months Read more
TUNIS – Tunisia’s economy grew by 1.9 percent in the first half of 2017, up from 1 percent in the same period last year, the Read more
PORT LOUIS – Mauritius needs to tighten monetary policy and modernise its framework to respond to shocks and tackle inflationary pressures, the International Monetary Fund Read more
PANAJI, India (Reuters) – Ghana’s gold output is likely to drop sharply in 2017 because of curbs on the small-scale mining that lifted production last Read more
WASHINGTON (Reuters) – The Trump administration gave $169 million to feed people starving in Ethiopia and Kenya, USAID said on Thursday, adding to earlier assistance Read more
Dangote Cement, Africa’s largest cement producer, has announced its unaudited results for the six months ended 30th June 2017, posting a 12.6 percent increase in Read more
#EgyptTurmoil Terms of new IMF loan dictate that fuel subsidies have to be scrapped, meaning costs are increasing yet again As the microbus zooms around Read more
DAKAR (Reuters) – The International Monetary Fund has approved a $312 million three-year credit programme for Chad to help boost an economy hit by low oil Read more
OHANNESBURG (Reuters) – The retail price of petrol in South Africa will decrease by more than 5 percent from July 5, while the price of wholesale Read more
USAKA (Reuters) – Zambia’s economy is expected to grow by 4.1 percent in 2017 and by close to 5 percent by 2019, the World Bank said Read more
By Karin Strohecker LONDON (Reuters) – Ghana has signed a $10 billion memorandum of understanding (MOU) with China to develop its bauxite industry, the country’s Senior Read more
BLANTYRE (Reuters) – Malawi’s First Merchant Bank will buy the local assets of micro lender Opportunity International Bank of Malawi (OIBM), subject to regulatory approvals, Read more
JOHANNESBURG (Reuters) – South Africa’s competition watchdog denied on Wednesday withdrawing charges against some of the 14 banks accused of rigging the rand currency, its Read more
JOHANNESBURG (Reuters) – Around 1,000 workers at sugar producer Illovo are set to go on strike over wages and other benefits after talks with employers Read more
JOHANNESBURG (Reuters) – The steep decline in South Africa’s business confidence is a setback to economic growth recovery and will dampen investment, ratings agency Moody’s Read more
ABIDJAN (Reuters) – A Eurobond that Ivory Coast launched this month raised $1.25 billion in 16-year debt and 625 million euros in 8-year paper, the Read more
NAIROBI (Reuters) – KCB Group, Kenya’s biggest lender by assets, has proposed to take over National Bank of Kenya through a share swap, to increase Read more
Investment firm Quantum Global has ranked Botswana the best place to invest in Africa in its latest report. It said Botswana has done well across Read more
JOHANNESBURG — South Africa’s economy – one of Africa’s biggest – is in recession. A 0.7 percent decline in GDP in the first quarter of Read more
PRETORIA (Reuters) – South Africa’s central bank kept its benchmark repo rate steady at 7 percent on Thursday, as expected, citing concerns about the inflation Read more
Pope Francis warned against religious fanaticism on Saturday, wrapping up a brief trip to Cairo where he urged Muslim leaders to unite against violence by Read more
Ghana’s finance minister says investors were optimistic in meetings with senior government officials who accompanied Vice President Mahamudu Bawumia to the World Bank spring meetings Read more
The Minister of Finance, Mrs Kemi Adeosun, says Africa loses over 50 billion dollars, yearly, to illicit financial flows through money laundering, corruption and tax Read more
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