Tunisia's central bank on Tuesday raised its key interest rate to 7.75 pct from 6.75 pct to combat high inflation, the bank said, the third such hike in the past 12 months. Tunisia’s central bank last raised the interest rate, by 100 basis points to 6.75 percent, in May....
The officials of BASF, one of the world’s leading chemical companies in the world visited Nyandarua Governor, Francis Kimemia in his Ol Kalou office where they pledged to support the project estimated to cost over Sh500 million. The county and the company are set to sign a memorandum of...
South Africa's AngloGold Ashanti reported higher full-year earnings on Tuesday, boosted by lower amortization once the closure and sale of a number of its assets, and the next financial gain from its Kibali operations. The gold miner's headline earnings per share (HEPS) rose to fifty three cents ($0.0375), within the...
Uber has agreed to pay ad valorem tax on its services in Egypt, the move that will help resolve a long-simmering feud with ancient taxi drivers. The agreement would additionally apply to different ride-hailing firms, the top of the Egyptian Tax Authority, Abdel Azeem Hussein, said, though Uber's main...
Broadcasting company, MultiChoice, said on Monday it'd list on the Johannesburg Stock Exchange. Parent company, Naspers said last month it planned to list MultiChoice one by one on the securities exchange and unbundle the shares it holds within the company to Naspers shareholders. Naspers has evolved in recent years into...
South Africa's state-owned airline will reorganize into three business units as a part of a revamp set up that might additionally involve the partial sale of its business unit, its chief officer aforesaid on Monday. Vuyani Jarana, spoke about the arrangement that South African Airways (SAA), saying that the airline...
Orders are piling in and new workers are being recruited at the Courteney boot company. Leather cutter, Misheck Sibanda, is on another hectic shift, as he tries to keep up with soaring global demand. The south-western Zimbabwean company, founded in 1993, has recently ramped up production to just 30 pairs...
South Africa is not planning to privatise embattled power utility Eskom after the firm is split into three separate entities of generation, transmission and distribution, Public Enterprises Minister Pravin Gordhan said on Wednesday. "At no stage has the president said, or the government indicated, that there would be privatisation of...
Kenya’s horticulture sector has emerged as the third biggest earner of foreign exchange in the year 2018, Clement Tulezi, CEO Kenya Flower Council (KFC) said Feb 12. During that period the sector raked in KSh153 billion (US$ 1,524,308,400), making it number three in its contribution to Kenya's income after diaspora...
Nigeria's economy grew in 2018 at its fastest pace since a recession two years earlier, data showed, just days before a presidential election in which boosting growth has been a major campaign issue. Gross domestic product grew by 1.93 percent last year, up from 0.82 percent in 2017 and just...