Finance

By IAfrica
In Egypt
Mar 13th, 2014
0 Comments
82 Views
WINDHOEK – Twitter activity in Africa during the last quarter of 2013 peaked on the day of Nelson Mandela’s death, according to How Africa Tweets, which is a new study analysing Twitter activity on the continent. In a follow-up to its 2012 study, strategic communications agency, Portland,...
By benim
In Economy
Nov 20th, 2011
0 Comments
4 Views
Nigeria’s central bank has reached the desired degree of stability for the country’s naira currency and does not have a cause to be concerned over inflation due mostly to recent stability in its core components, Governor Lamido Sanusi said on Saturday. Speaking before the bank’s mon...
By benim
In East Africa
Sep 26th, 2011
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3 Views
The Kenyan shilling extended its losses, hitting a new record low of 100.05 to the dollar on Monday weighed by greenback demand from the manufacturing sector compounded by banks covering their short dollar positions, traders said. The local currency has been on a free fall on the back of euro woes an...
By benim
In Economy
Sep 26th, 2011
0 Comments
5 Views
South Africa’s rand fell as much as 2.8 percent against the dollar in early Monday trade, the worst performance out of a basket of 20 emerging market currencies, hit by persistent debt concerns in the euro zone. Government bonds were also weaker, nudging yields higher, with the softer currency ...
By benim
In Economy
Jul 27th, 2011
0 Comments
3 Views
South Africa’s rand hovered close to 11-week highs against the dollar on Wednesday as wrangling over the U.S. debt ceiling kept the greenback on the ropes globally. The rand appeared to shrug off a wave of nationwide wage strikes that are set to be joined by mine workers on Thursday, a developm...
By benim
In Economy
Jul 27th, 2011
0 Comments
3 Views
Striking workers in South Africa’s petroleum sector are discussing a revised wage rise offer, a labour mediation official said in a statement, a sign there could be an end to the strike that has left hundreds of dry pumps across Africa’s biggest economy. Nerine Kahn, director of South Afr...
By benim
In Business
Jul 25th, 2011
0 Comments
2 Views
South Africa is not seeking to overturn competition regulators’ approval of Wal-Mart buying control of local retailer Massmart , but wants tougher conditions for the deal, the Business Day newspaper reported on Monday. Wal-Mart finalised its $2.4 billion purchase of 51 percent of discount retai...
By benim
In Economy
Jul 25th, 2011
0 Comments
5 Views
The following company announcements, scheduled economic indicators, debt and currency market moves and political events may affect South African markets on Monday. DIARY For South Africa corporate diary, click on For southern and South Africa diary, click on COMPANIES - Anglo American Platinum , the ...
By benim
In Economy
Jul 5th, 2011
0 Comments
4 Views
Plans to introduce Islamic banking as one of the models of non-interest financial services has touched off intense controversy in religiously divided Nigeria. The Central Bank of Nigeria (CBN) two weeks ago published a final set of regulations on non-interest banking, which includes Islamic banking, ...
By benim
In Economy
May 31st, 2011
0 Comments
7 Views
Nigeria’s rescued banks have until the end of September to reach recapitalisation deals with new investors or face liquidation if they refuse to accept funds from state bad bank AMCON, the central bank said on Tuesday. Nigeria in 2009 injected $4 billion into nine lenders deemed by auditors to ...