Africa-news

Africa-news (598)

Nigeria's government has postponed a plan to end costly fuel subsidies, saying the timing was not right, a year before the presidential election.

Trillions of dollars need to be spent every year for almost three decades to hit net zero targets, according to consultancy McKinsey.

Unilever will cut about 1 500 management jobs and reshape its business to focus on five main product areas as it tries to boost growth after a failed acquisition and with an activist investor to appease.

African governments urgently need to drive greater investment in the tech sector and the knowledge economy, according to Chido Munyati, head of Africa Division at the World Economic Forum (WEF).

The International Monetary Fund has lowered its forecast for economic growth in South Africa this year.

In a trading update for the 20 weeks to 16 January, Clicks says its total turnover increased by 10.4% to R15.1 billion.

Helios Investment Partners LLP is in talks with African telecom operators and banks about ways the private-equity firm can help them cash in on their mobile-money and digital-payments platforms.

South Africa’s Reserve Bank (SARB) is expected to raise interest rates to 4% at its Monetary Policy Committee (MPC) meeting on 27 January as part of an ongoing hiking cycle, a poll of economists shows.

Standard Bank said 99% of its transaction volumes in South Africa are now cashless, a trend that has helped the continent’s largest lender by assets to cut costs.

Nigeria's giant new Dangote oil refinery will start processing crude in the third quarter of this year.

Joomla! Debug Console

Session

Profile Information

Memory Usage

Database Queries