The International Monetary Fund (IMF) proposed for Morocco to move to the next phase of fiscal reforms aiming to make its national currency’s exchange rate more flexible, but Morocco’s central …
Radarr Africa
- Banking, Finance & InvestmentBusinessEconomyMorocco
Netflix will start clamping down on customers who share their accounts with people outside their households early next year. The streaming giant announced the plan in its latest quarterly results …
- Banking, Finance & InvestmentBusinessEconomyKenya News
Central Bank of Kenya bags Sh68bn forex gain from weaker shilling versus
The significant weakening of the shilling versus the dollar handed the Central Bank of Kenya (CBK) an unrealized exchange gain of Sh68 billion on its forex holdings in the year …
- BusinessMobile Telecommunications Network (MTN)Southern AfricaTelecommunications
MTN calls off takeover talks with Telkom due to lack of exclusivity
MTN, Africa’s largest mobile operator on Wednesday called off takeover talks South Africa’s third-largest mobile operator Telkom due to lack of exclusivity. MTN had announced the discussions about a potential …
- BusinessBusiness and EconomySouthern Africa
Transnet workers activity skyrockets to 80% since UNTU’s three year wage deal
Transnet said worker activity at its operations has returned to levels as high as 80% since the entity inked its three-year wage deal with the United National Transport Union (UNTU). …
- BusinessEconomyKenya NewsManufacturing
KRA to collect extra Sh3 billion from beer, juice and water taxes
The taxman projects that the recent increases in excise duty as a result of inflation adjustments will net an additional Sh3 billion in revenues, even as manufacturers brace for lower …
- BusinessMobile Telecommunications Network (MTN)Southern AfricaTelecommunications
MTN partners with energy companies to maintain towers running during load shedding
MTN, Mobile giant has partnered with energy companies in a bid to keep its communication towers running during load shedding, as the country battles ongoing power cuts. Johannesburg head-quartered enterprises, 24Solutions …
- BusinessNigeriaPoliticsWestern Africa
Presidential candidates announces economic plans for Northern Nigeria
Presidential candidates, Peter Obi for the Labour Party and Bola Tinubu, the candidate for the incumbent APC, have both announced plans for Northern Nigeria if they are elected President. Obi promised …
PZ Cussons Nigeria came within a whisker of recording its third and biggest loss in at least nine years in 2021 but found rescue in proceeds from sale of its properties, …
- Business and EconomyNigeriaWestern Africa
Nigeria’s inflation hits increases by 20.8% amid soaring food prices
Nigeria’s inflation rate hit a 17-year high on the back of soaring food prices and supply chain disruption in September, a report by the National Bureau of Statistics (NBS) said on …