Coca-Cola said it would delay the planned initial public offering of part of its stake in an African bottler of its products, saying a rescheduled debut would depend on factors …
Radarr Africa Business Desk
Radarr Africa Business Desk
The Radarr Africa Business Desk reports daily on companies, markets, banking, energy, technology and policy across Nigeria and Africa. Stories are reviewed and edited by The Radarr Africa Editorial Team in Lagos. Story tips and corrections: business@radarr.africa.
- Food ProductionKenyaManufacturing & Consumer Goods
Blow as KRA Shuts Down Keroche Breweries in Fresh Tax Dispute
The Kenya Revenue Authority (KRA) has shut down Keroch Breweries again, on claims that the latter had defaulted in their earlier agreement on the settlement of tax arrears. The company …
JPMorgan Chase & Co won a $1.7 billion London court battle with the government of Nigeria over its role in the transfers of hundreds of millions of dollars to a …
Investors’ shares in the Nigerian stock market rose by N158bn last week as 29 firms recorded price appreciation.The All-Share Index of the Nigerian Exchange Limited and market capitalisation increased by …
As part of its centralized network strategy, Massmart, owner of Game and Builder has opened a new distribution center at Riversands, Johannesburg. The 75 000m2 warehouse facility, which is larger than …
- AfricaBanking, Finance & InvestmentCOVID-19NigeriaWestern Africa
FirstBank secures $150 million Afreximbank facility
Afreximbank (African Export Import Bank) has announced the disbursement of a $150 million finance facility to First Bank of Nigeria Limited under its Pandemic Trade Impact Mitigation Facility (PATIMFA). FirstBank, …
PIC, Public Investment Corporation; South Africa‘s state-run asset manager the is seeking to up its share of unlisted investments from 5% of its portfolio to 25% over the next five …
- AfricaEconomyNigeriaWestern Africa
Fish importation to bridge deficit is depleting Nigeria’s forex –FG
Nigeria imports about 2.4 million metric tonnes of frozen fish annually and this is taking a toll on the country’s foreign exchange reserves, the Federal Government of Nigeria lamented on …
The intervention by the Presidential Task Team, PTT, in streamlining port operations has reduced ship waiting time at the anchorage to 90 minutes from 6 hours, a development that has …
- AgricultureFood ProductionManufacturing & Consumer GoodsUncategorized
Nzoia Sugar Company Temporary Closed
Devolution Cabinet Secretary, Eugene Wamalwa has sanctioned the temporary closure of Nzoia Sugar Company for a two-month maintenance period that will see the high cost of production considerably reduced. Managing …