South Africa: Mining companies & several businesses oppose Eskom’s proposed tariff hike
South Africa’s power utility Eskom said it needs to raise prices by almost double the rate to allow the company to buy and to help […]
Month: June 2015
Atlas Mara Ltd. to Buy Finance Bank Zambia
Atlas Mara Ltd. is in talks to buy the troubled Finance Bank of Zambia Limited (FBZL) from its majority shareholder, Rajan Mahtani, according to a […]
Car Industry: Morocco’s “Low-Cost Business Model” Attracts More Investments
Building reliable, affordable and good quality cars for mass-market is certainly the ultimate goal of all big automakers. Competition is the driving force of this […]
Nigeria’s Central Bank approves initial N152bn release in real sector facility
The Central Bank of Nigeria (CBN) has approved an initial N152 billion loan under its newly set up N300 billion Real Sector Support Fund (RSSF) […]
Mali: Lack of rain affects cotton production
The head of Mali’s state-owned textile development company, CMDT, announced recently that Mali’s target cotton production is 800,000 tons by 2018 but lack of rain […]
South Africa’s Mediclinic enters U.K. market
South Africa’s biggest private-hospital owner, Mediclinic International Ltd., plans to enter the U.K. after agreeing to buy a stake in Spire Healthcare Group Plc for […]
China: No Ramadan in China, Beijing cracks down on believers
Ramadan fasting will be a difficult pill to swallow for Chinese Muslims as the government on Thursday banned the observance of the holy month of […]
Nigerian Benedict Oramah to lead Afreximbank as new President
Shareholders of the African Export-Import Bank (Afreximbank) have appointed the Nigerian born Dr. Benedict Oramah to be the next President of the continental multilateral trade […]
Ghana to receive over € 160 Mln from EU
The European Union (EU) announced earlier this week its decision to resume budget support disbursements to Ghana and Ghanaian Deputy Finance Minister Ato Forson Cassiel […]
Côte d’Ivoire: IMF forecasts 7.9% growth in 2015
Côte d’Ivoire ‘s economy will expand by 7.9 percent this year and by an average of 7.6 percent in 2016 and 2017, the International Monetary […]