MARKETS have responded positively to the early reforms by the new administration in Nigeria. FBN Quest, the market watcher, noted the Nigerian Stock Exchange (NGXAS) has rallied since the inauguration of President Bola Tinubu at the end of May. Compared with Sub-Saharan Africa peer markets like Johannesburg Stock Exchange (JSE) (+2,6 percent year-to-date), Kenya Stock… Continue reading Markets React To New Nigeria Reforms
Category: Business
Government Urged To Address Root Causes Of South Africa’s International Competitiveness Decline
Productivity South Africa, a state-owned entity tasked with promoting growth and productivity, has urged the government to address the root causes of the country’s international competitiveness decline. The entity says it will meet with the government departments to discuss how to overcome the challenges that led to the country’s slump – the second year running… Continue reading Government Urged To Address Root Causes Of South Africa’s International Competitiveness Decline
SA Needs Houses That Can Withstand Earthquakes – SAHIF CEO
The recent earthquake that shook buildings in Johannesburg has amplified plans to roll out 3D concrete-printed houses to South Africans who dread the prospect of losing their properties to tremors and earthquakes. Two weeks ago, seismologists recorded earth movements that occurred in the early hours of Sunday 11 June, measuring a magnitude of 5.0 and… Continue reading SA Needs Houses That Can Withstand Earthquakes – SAHIF CEO
Tanzania Reiterates Prohibition of Domestic Payments Using Foreign Currencies For Local Residents
DAR ES SALAAM, June 20 (Xinhua) — Tanzania’s central bank on Tuesday reminded local residents to stop making domestic payments for goods and services using foreign currencies. The Bank of Tanzania (BoT) said in a statement that it has recently observed violations of the directive. According to the statement, the government issued a public notice prohibiting… Continue reading Tanzania Reiterates Prohibition of Domestic Payments Using Foreign Currencies For Local Residents
Faster Wi-FI Connectivity For South Africans
THE Independent Communications Authority of South Africa’s (ICASA’s) amendment of applicable radio regulations and making available an additional 500 Mhz of bandwidth for Wi-Fi use is welcome news for communities across the country. This is according to Gabriel Ramokotjo, information and communicationtechnology (ICT) consultant and advisor, who believes this move will mean more people, and… Continue reading Faster Wi-FI Connectivity For South Africans
Chinese Trade, Investment Fuel Rwanda’s Economic Development
Over the past few years, the development of Rwanda’s infrastructure and economy has greatly benefitted from the significant investment from China, according to insiders. The two countries have strengthened cooperation in various fields, particularly in the area of investment. “The collaboration in investment has led to numerous benefits for both countries, such as increased economic… Continue reading Chinese Trade, Investment Fuel Rwanda’s Economic Development
New Forex Policy Shakes Nigeria Markets
THE move by the Central Bank of Nigeria (CBN) to grant banks authority to determine their own foreign exchange (fx) trading rates has shaken the financial markets. Analysts believe the move strongly indicates the devaluation of the Nigerian naira and its vulnerability to market forces. The announcement led to intense volatility in the fx markets,… Continue reading New Forex Policy Shakes Nigeria Markets
Zula Zula Bus’ Travails Mirrors Resilience Of Tourism SMEs
THE travails faced by Zula Zula Adventure Bus depict the lack of support faced by up-and-coming players in the hospitality sector to establish their industries. It is also a reflection how these small and medium enterprises (SMEs) overcome such challenges, through resilience. Zula Zula derives its name from the Zulu word translating to, “Wander about… Continue reading Zula Zula Bus’ Travails Mirrors Resilience Of Tourism SMEs
Participants Of The EAEU-ASEAN Business Dialogue Discuss Priority Areas For Cooperation
The Fifth EAEU-ASEAN Business Dialogue has discussed opportunities for EAEU and ASEAN cooperation in the new economic reality and prospects for the implementation of infrastructure projects that would promote trade and economic ties between the member states of the two integration alliances. It was held on the sidelines of the St. Petersburg International Economic Forum… Continue reading Participants Of The EAEU-ASEAN Business Dialogue Discuss Priority Areas For Cooperation
Emirates, Kenya Airways Seal Interline Partnership
EMIRATES and Kenya Airways have announced an interline partnership to allow customers of both airlines access to new destinations within a single itinerary. The agreement will provide customers with increased travel options as well as seamless baggage check-in to their final destination. Emirates customers will now be able to fly to 28 destinations on the… Continue reading Emirates, Kenya Airways Seal Interline Partnership