JOHANNESBURG – The fight against private-sector corruption in South Africa is set to receive a shot in the arm if recommendations contained in the draft 2018...
The Federal Inland Revenue Service(FIRS) has slapped MTN Group with a $2 billion tax bill, compounding the woes of the leading wireless company. The company made...
PRETORIA – Volkwagen has continued with its expansion into sub-Saharan Africa and signed a memorandum of understanding (MoU) with the Ghanaian government to establish a vehicle...
BEIJING – 4 September 2018: The Egyptian government is working to turn Egypt into a regional hub of Chinese investments, said Minister Trade and Industry Amr...
JOHANNESBURG – South Africa’s economy experienced its first technical recession since 2009 after gross domestic product contracted 0.7 percent in the second quarter. This was after first...
Coca-Cola on Friday said it had agreed to buy global coffee chain Costa from its UK owner Whitbread for £3.9 billion ($5.1 billion). “Hot beverages is...
Nigerian Government and Germany on Friday signed two memorandum of understanding in agriculture and commerce to improve productivity in both sectors. Both MoU signed was part...
CAIRO – Remittances from Egyptian expatriates increased by about $4.6 billion (21.1 percent) during fiscal year 2017/2018, the Central Bank of Egypt (CBE) said on Thursday....
DURBAN – Mr Price’s total retail sales, including sales to franchisees, grew by 6.5 percent to R6.9 billion for the four months to August 4, boosted by Milady’s...
CAIRO – 29 August 2018: The International Finance Cooperation (IFC) supported the Middle East and North Africa’s private sector, boost innovation, drive economic growth, and create...
Kenya surpassed its domestic borrowing target by $250 million in the first half of the year as the government sought more funds for budgetary support. The...
For the first and second quarters of 2018, the Nigerian economy experienced turbulence, which analysts have already described as similar to the period prior to recession....
CAIRO: Trade and Industry Minister Amr Nasar and Investment and International Cooperation Minister Sahr Nasr discussed with representatives of Philips international company in Egypt the future...
The Federal Government has flagged off the rehabilitation of the 122 kilometre Mayo Belwa-Jada-Ganye-Toungo road in Adamawa which will cost N22.7 billion. Mr Babatunde Fashola, (SAN)...
CAIRO – 25 August 2018: Trade exchange between China and African states increased 14 percent year-on-year in 2017, registering $170 billion, minister counselor for economic affairs...
In another major round of interventions, the Central Bank of Nigeria (CBN), on Thursday, August 23 and Friday, August 24, 2018, injected a total sum of...
Trading activities on the Nigerian Stock Exchange (NSE) sustained a postive growth on Friday, with Dangote Cement leading the gainers’ table for the second consecutive day....
The soaring export of North African country, Egypt, has triggered a trade surplus exceeding $2.35 billion with 19 countries, including 14 Arab and five foreign countries,...
President Muhammadu Buhari will on Tuesday, next week inaugurate the $250million state-of-the-art International Breweries in Ogun State. The brewery, said to be the biggest in West...
There is one in three chance of South Africa’s economy skidding into recession this year, a Reuters poll of economists has indicated. This is against the...
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