The government has promised to privatize ten companies in the next year through the stock market to end the six-year listing drought at the Nairobi bourse. President William Ruto said …
BusinessINVESTMENTKenya NewsMarkets
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COMPANIES
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AfricaBusinessEconomyGhanaNewsWestern Africa
Ghanaian businesses given ultimatum to change auditors serving for more than 6 years
The Registrar of Companies, Jemima Oware, has given a directive to all companies in Ghana to change their auditors who have served for more than six years. The directive which …
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AmazonFinance & ServicesKenya NewsMarkets
Microsoft and Google talent war hit Kenyan firms as wages raise
Local companies are struggling to recruit and retain key talent as US tech titans led by Microsoft, Amazon and Google tilt the market in their favor with high salaries and …
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AfricaAFRICA NEWSEconomyGhanaNewsWestern Africa
6,856 companies, individuals owe ¢111.6m in corporate and income taxes in Ghana
The 2021 Auditor General’s Report has identified 6,856 companies, business entities and individuals owing an amount of ¢111.652 million in corporate and individual income taxes for 2019, 2020 and 2021 …
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Banking, Finance & InvestmentBusinessEastern AfricaEconomy
CAK Approves Zuku Owner and Foreign Firms Loans to pay TV providers
The Competition Authority of Kenya(CAK) has approved the conversion of loans advanced by three foreign firms to internet and pay TV provider, Wananchi Group into equity shares. The companies, Triple …
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AfricaAFRICA NEWSBusinessEconomyNewsNigeriaWestern Africa
Generation Companies lament poor remittances for electricity consumed
The association of power generation companies (APGC) Nigeria says members are owed N1.75 trillion for power generated for the electricity market since 2013. Joy Ogaji, executive secretary, APGC, made this …
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Safaricom has appointed John Ngumi as its director and Chairman of the Board effective August 1, subject to regulatory approval. Ngumi will take over from Michael Joseph who served as …
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Mathira MP and UDA’s deputy presidential candidate Rigathi Gachagua has lost Sh202 million to the State after the High Court ruled that the money held in four accounts at Rafiki …
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Banking, Finance & InvestmentBusinessEducationTelecommunications
South Africa is introducing a new banking payment system this year
The South African Reserve Bank is working on a new Rapid Payments Programme (RPP) which is set to significantly shake up payments in South Africa. The programme, which is mentioned …
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A significant number of South African companies are still not paying minimum wage to their workers, despite mandatory changes and increases over the past year, says employment and labour minister …