Rand Extends Gains As Global Mood Perks Up
THE rand extended gains at midday on Tuesday, with a broad recovery in equity markets outweighing the weak domestic gross domestic product (GDP). The domestic...
Category : STOCK MARKET
Africa stock market index
There’s no end in sight to the downward spiral of the The Afrika Market Index. As global markets experienced their worst week of the year,...
South Africa’s Rand Edges Lower On China-linked Risk Aversion
South Africa’s rand inched lower against the dollar on Friday, following many other emerging markets, with global sentiment hit by China’s deteriorating growth prospects. The...
African Stock Market Performance
US Dollar-Adjusted Total Return as of July 31, 2015 STOCK MARKET 1M 1Y 3Y 5Y YTD Botswana Stock Exchange -0.1% 3.1% 13.6% -0.1% 7.7% BRVM...
Reserve Bank of Zimbabwe Urges Banks To Innovate For Survival
The Reserve Bank of Zimbabwe (RBZ) says banks must come up with new and innovative products that encourage financial inclusion in the country where the...
The BRICS’ New Development Bank to Ensure Health of The Global Economy
Dhikra Bouzekri Dhikra Bouzekri is a PhD student in economics at The Faculty of Science in Economics and Management of Tunis (FSEGT). She has a...
Weak Kenya Shilling: Treasury To Consider Hedging Repayment of Sh200b Loan
Treasury is considering hedging to cushion Kenya from excessive foreign exchange losses in repayment of the Sh200 billion sovereign bond. Treasury Cabinet Secretary Henry Rotich...
The End is not nigh at the Securities Exchange
MANY years ago and when I was a boarder at Westminster school, I used to like wandering the streets of central London on the weekend....
Nigeria Naira Weakens As Black Market Now sells At N229/$
The naira reversed its gains against the US dollar on the parrallel market yesterday following the decision of many currency traders to hold on to...
Nigeria LPG export Rises By 13%
By Michael Eboh Nigeria’s Liquefied Petroleum Gas, LPG, export appreciated by 13.07 per cent in 2014, according to data obtained from the Nigerian National Petroleum...
Cameco Net Earnings Slide 31%
Canada’s top uranium producer Cameco on Thursday reported a 31% slide in net earnings, as higher costs and a C$28-million settlement charge weighed-down the bottom...
China Switch To African Oil Puts Pressure On Saudi Crude // Commutateur De Chine Pour Le Pétrole Africain Met La Pression Sur Le Brut Saoudien
Weakness in global oil benchmark Brent has prompted China to buy more crude from Africa. The question now is how will top exporters Saudi Arabia...
Electronic Payments in Zimbabwe To Reach $50 Billion By Year-End // Paiements Electroniques Au Zimbabwe Pour Atteindre $50 Milliards En Fin D’année
Zimbabwe’s central bank says electronic payments are expected to reach $50 billion by the end of the year as the country’s mobile money sector continues...
EGYPT Central Bank Bids For 6B EGP In T-bills Wednesday // Banque Centrale Egypte Offres Pour 6B EGP En Bons Du Trésor Mercredi
The Central Bank of Egypt (CBE) on behalf of the Ministry of Finance is scheduled to auction 6 billion EGP ($766.18 million) in treasury...
Africa Oil Corp. Lowered to Sell at Zacks (AOIFF) // Africa Oil Corp Abaissé A Vendre A Zacks (AOIFF)
Africa Oil Corp. (OTCMKTS:AOIFF) was downgraded byZacks from a “hold” rating to a “sell” rating in a note issued to investors on Tuesday, Market Beat...
Bharti Airtel To Sell Its Four African Arms To Orange // Bharti Airtel De Vendre Ses Quatre Bras Africaines A L’Orange
Bharti Airtel today said it has entered into an agreement with France-based telecom operator Orange to sell its four subsidiaries in Africa. Bharti Airtel today...
ISON Expands Footprint In Nigeria, To Add 9 More Centers With 5000 More Employees // ISON Elargit L’empreinte Au Nigeria, Pour Ajouter Les 9 Centres De Plus Avec Plus De 5000 Salariés
ISON BPO operating in call center outsourcing space, has over 7,000 employees across 12 countries, including 10 in Sub-Saharan Africa with 4500 employees, where it...
Starbucks Coffee Is Coming To South Africa // Starbucks Coffee Arrive En Afrique Du Sud
South Africa’s Taste Holdings, which recently licenced global pizza giant, Domino’s in the country, has signed an exclusive deal with Starbucks Coffee. “For the first...
Improving Output At Capstone’s Pinto Valley, Strong Minto Performance Offset Q2 Shortfall At Cozamin // Améliorer La Sortie De Capstone Pinto Valley, Minto Forte Performance Compenser Q2 Déficit A Cozamin //
BY: HENRY LAZEN Source ; CREAMER MEDIA DEPUTY EDITOR: Rising grades and an improving performance at base metals producer Capstone Mining’s Pinto Valley, in Arizona,...
BoU Steps In To Save Shilling // BoU intervient pour préserver une Shilling
THE Bank of Uganda (BoU) on Thursday sold an unspecified amount of US dollars to the market to contain the volatile movement of the exchange...