MTN reported a 47% increase in profit for the six months to end-June, with subscribers increasing by almost 6% from a year ago to almost 282 million. This was despite …
Information & TechnologySouthern AfricaTechnologyTelecommunications
- AfricaAFRICA NEWSBanking, Finance & InvestmentBusinessEconomyGhanaNewsWestern Africa
Bank of Ghana buys gold in cedis
A roadmap has been developed for the implementation of the Bank of Ghana Gold Purchase Programme. Consequently, the Economic Management Team, the Bank of Ghana, Ministry of Lands and Natural …
Deutsche Bank AG is beefing up its investment banking team and services in South Africa as part of a plan to grow on the continent. The German lender has hired a …
- AfricaAFRICA NEWSBusiness and EconomyGhanaNewsWestern Africa
Fitch downgrades Ghana to ‘CCC’ days after poor S&P grading
Fitch, a global rating agency, has downgraded Ghana’s Long-Term Foreign-Currency (LTFC) Issuer Default Rating (IDR) to ‘CCC’ from ‘B-‘. The downgrade, it said, reflected the deterioration of Ghana’s public finances, …
- AfricaAFRICA NEWSBusinessBusiness and EconomyNewsNigeriaTechnologyWestern Africa
Nigeria spends $2.35bn on phone importation
Nigeria spent $2.35bn on telephone importation in three years, according to data from the International Trade Centre. The nation spent $807.95m on importation of phone sets in 2019, $765.57m in …
- BusinessGlobal NewsSpotlightTelecommunications
Twitter legal battle continues as Elon Musk accuses Twitter of hiding key witnesses
Elon Musk is accusing Twitter Inc. of hiding key witnesses in their legal battle over whether he must consummate a $44 billion buyout of the company, according to people familiar …
- Banking, Finance & InvestmentEconomyKenya
Bank Of Kigali Books Sh926mn New Diaspora Customer Deposits In Four Months
Kigali Bank has booked Sh926million new customer deposits from Rwandans in diaspora within four months. The cash deposits were collected from existing and new customers following a successful marketing campaign …
- AgricultureBusinessEthiopia
FAO Scales Up Procurement Of Fertilizers In Northern Ethiopia To defeat hunger
The Food and Agriculture Organization (FAO) of the United Nations disclosed that it is scaling up the urgent procurement of fertilizers to help farmers in northern Ethiopia sow their fields …
Crude prices have dropped by 22.5 percent since mid-June, setting the stage for reduced pressure on local pump prices. Oil prices have fallen to an average of $95 a barrel—level …
- AviationEconomyTransportation & Logisitics
Emirates present opportunities and Dubai lifestyle to First Officers In Recruitment Drive
Emirates, the world’s largest operator of Airbus A380s and Boeing 777s, is looking to recruit First Officers who meet the airline’s exceptional standards in safety, technical prowess, and customer experience. …