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Oct 30, 2018
The Nigerian National Petroleum Corporation (NNPC) and some companies in the oil and gas sector of the country have failed to remit a total revenue of $22.06 billion and N481.75…
Oct 29, 2018
IBM Corp said on Sunday it had agreed to acquire U.S. software company Red Hat Inc for $34 billion, including debt, as it seeks to diversify its technology hardware and…
Oct 29, 2018
JOHANNESBURG - President Cyril Ramaphosa says the money pledged at the Investment Conference will translate directly to more jobs in the sectors that contributed.   President Cyril Ramaphosa declared the…
Oct 28, 2018
South African President Cyril Ramaphosa declared himself in economic ‘repair mode’ at a major investment conference as the country raised a total of $55 billion from investors to help haul…
Oct 28, 2018
Amazon will open additional data centres in South Africa at the start of 2020, it announced on Thursday. The data centres will reduce latency and costs for local corporate clients.…
Oct 26, 2018
New data from the Central Energy Fund of South Africa shows that the petrol price is set to drop by 3c in November.  The possible decrease is attributed to a…
Oct 26, 2018
The Chairman, Senate Committee on Petroleum Resources, Upstream, Donald Omotayo Alasoadura, has said that Nigeria has lost no less than $10 billion revenue in the last 18 years due to…
Oct 24, 2018
Naspers is planning to increase its stake in Indian online food-delivery business Swiggy as the startup plots its third fund-raising round of the year, according to people familiar with the…
Following expected shortfall in Nigeria's independent revenue and recoveries, fiscal deficit in the 2018 budget is likely to widen by about 132 percent, according to a report by Afrinvest West…
Oct 23, 2018
The World Economic Forum has released its 2018 Global Competitiveness Report, ranking Mauritius in 49th position. Mauritius is the highest placing African nation in the list of 140 countries, despite…
Oct 23, 2018
A hearing in the court case between MTN and the Central Bank of Nigeria (CBN) in a disagreement over the alleged repatriation of $8.1 billion by the telecommunication company has…
Perhaps the biggest financial market story in 2018 so far is the colossal fall from grace of the Chinese stock market, which has witnessed losses in excess of 30% since…
Oct 22, 2018
Kenya Sugar imports fell to a multi-year low in the nine months ended September as traders shied away from shipping in the commodity following increased scrutiny by State enforcement agencies.…

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