Shares of JSE-listed grocery chain Spar slumped on Wednesday, after it reported muted operating profit growth for its year to end-September, hit by surging costs including for fuel and promotions, …
- AviationBusinessEconomyKenya News
CAK Directs Fly540 To cease Advertising Flights on all it’s platforms
The Competition Authority of Kenya(CAK) has directed Fly540 to cease advertising flights on all its platforms following complaints from consumers. The competition watchdog noted that it had received over 50 …
- Banking, Finance & InvestmentBusinessEconomyNigeria
ICAN advises Central Bank of Nigeria on currency redesign and economic growth
The President, Institute of Chartered Accountants of Nigeria, Mallam Tijani Isa, has advised the Central Bank of Nigeria to find a lasting solution to the economic challenges occasioned by its …
- Banking, Finance & InvestmentBusinessEconomyMorocco
Bank Al-Maghrib and Foreign Exchange Office Sign a partnership Agreement
Bank Al-Maghrib (BAM), Morocco’s central bank, and the Office des Changes (OE), the country’s foreign trade watchdog, signed a partnership agreement on Monday in Rabat. The agreement aims to establish …
Despite being a traditional energy import market, Morocco has worked on building competitive renewable energy infrastructure which contributed to boosting the attractiveness of the domestic market among foreign investors. This …
- BusinessEconomyFinance & ServicesNigeriaOil & Gas
Investors dump shares in exchange’s alternative Securities Market board
Following their weak corporate earnings, investors have shunned listed companies on the Nigerian Exchange Limited’s Alternative Securities Market Board. A total of four companies comprising Capital Oil Plc, Rak Unity …
- AgricultureBusinessEconomyINVESTMENTMorocco
Spanish farmers worried about Morocco’s Growing Raspberry campaign
Morocco’s growing raspberry and blueberry exports are expected to saturate the European market, raising concerns among Spanish farmers, Manager of Freshuelva Rafael Dominguez told FreshPlaza. “Morocco is increasing its raspberry and …
- BusinessFinance & ServicesSouth Africa
Eskom generation boss resigns his position with immediate effect
Eskom’s general executive for generation, Rhulani Mathebula, has resigned from his position and will leave the utility at the end of November 2022. Eskom chief operating officer Jan Oberholzer announced …
Prosus gave up its stake in Russia’s largest social network for nothing, walking away from a company run by an executive under US sanctions. VK sold the shares acquired from …
- BusinessEconomyINVESTMENTSouth AfricaTechnology
Vodacom spends record R5.8bn on it’s local network as it battles load shedding
SA’s largest mobile operator Vodacom, which has been battling power challenges and the effects of rising inflation, says it spent a record R5.8 billion on its local network in its …