Sunday, January 21, 2018

On the mon£y

Nigeria: Govt to Boost National Grid With 2,000MW to National Grid

By Jonathan NDA-IsaiahPower outages may soon become a thing of the past as the federal government has approved a framework of investments to add another 2000mw to the national grid. This was disclosed by...

S.African regulator pursues criminal complaints against SAP, KPMG, McKinsey | Investing Home

JOHANNESBURG (Reuters) - South Africa’s companies registry office is pursuing criminal complaints against SAP, KPMG and McKinsey on suspicion that business they conducted with friends of President Jacob Zuma broke the companies act,...

Nigeria: Fuel Crisis – Senators Accuse Colleagues of Conniving With NNPC

By Kemi BusariLawmakers in the upper chamber on Wednesday took turns to condemn the report of the Senate committee on Petroleum (Downstream), for not including the issue of fuel subsidy. The senators alleged that...

South African forward markets bet on central bank rate cut | Investing Home

JOHANNESBURG (Reuters) - South Africa’s central bank is most likely to cut interest rates by 25 basis points on Thursday, forward markets showed on Wednesday, as the rand currency continues its rally and...

Zimbabwe: Govt to Lower Taxes

Government will soon lower tax brackets for various economic players as an incentive to encourage investment in the country and grow the tax base. Addressing Zimbabweans and investors in Namibia on Monday where...

Zimbabwe finance minister says bond notes to stay for now | Investing Home

HARARE (Reuters) - Zimbabwe will not stop using “bond notes”, a domestic quasi-currency, until the economy fully recovers, Finance Minister Patrick Chinamasa said on Wednesday. The southern African nation in November 2016 started...

Tanzania: Online Registration for Companies Begins Next Month

ONLINE registration of companies will begin next month after completion of preparation of an online registration system, the business registration and licensing agency (BRELA) has said. The agency said in a public note yesterday...

South African retailer TFG rallies on December sales jump | Investing Home

JOHANNESBURG (Reuters) - The Foschini Group (TFG) reported a more than 30 percent jump in December sales, buoyed by recent British acquisitions, lifting the South African retailer’s share price by 5 percent. A...

Tanzania: ACACIA Gold Production Down in Quarter 4

By By Daily News ReporterACACIA Mining has posted 30 per cent decrease in quarter four gold production as it continues to support the efforts towards achieving resolution with the government. The Interim Acacia Chief...

South Africa’s central bank adds seventh member to monetary policy committee | Investing Home

JOHANNESBURG (Reuters) - South Africa’s central bank said on Tuesday it had appointed Fundi Tshazibana as the seventh member of its monetary policy committee, and that the former IMF staffer will also act...