Stakes in Discovery and Momentum Metropolitan will be allocated by RMI
Rand Merchant Investment (RMI) said on Monday that it intends to unbundle its major investments in Discovery and Momentum Metropolitan
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African Markets
Pep and Ackerman’s owner is on a renovation spree after turmoil caused R1.3 billion in damage
Pepkor is quickly reopening stores after July’s violent turmoil in South Africa inflicted R1.3 billion rand in damage to approximately
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NAICOM highlights the need for reforms to solve African market concerns
The National Insurance Commission (NAICOM) has emphasized the importance of regulatory reforms in addressing the difficulties in African insurance markets.
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The cost of KZN turmoil More than R720 million in clicks; a significant dent in its profit
The disturbance in KwaZulu-Natal in July had a significant impact on Clicks, with the company lowering its planned annual profit
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Moody’s increases Benin’s ratings to B1 with a stable outlook
The Government of Benin’s long-term issuer and senior unsecured debt ratings have been improved to B1 from B2 by Moody’s
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Nigeria central bank bothered about FX supply not naira assessment
The central bank of Nigeria is concerned about increasing dollar supply on the currency market rather than the naira’s valuation,
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Sh2.5bn profit on interest income for Bank of Kigali
The net profit of Bank of Kigali (BK Group) surged 41.5 percent in the six months to June on the
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Malawi’s stock market experiencing a recession
The Malawi Stock Exchange (MSE) has released its monthly market report, which shows that trading on the local exchange declined
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1 billion productions of Sinovac vaccines a year: Egypt
Egypt announced Wednesday that it intends to produce one billion doses of China’s Sinovac vaccine every year, claiming to be
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Botswana boosts 2021 economic growth forecast to 9.7%
As a result of greater diamond sales and a recent rebasing of GDP statistics, Botswana now predicts economic growth of
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Zambia’s new finance minister believes obtaining an IMF loan is ‘critical’
Musokotwane, Zambia’s new finance minister, said in an interview that an agreement on a lending programme with the International Monetary
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Companies punished for failing to register for tax after winning millions in PPE contracts
It was discovered that three businesses awarded multimillion-rand contracts to supply personal protective equipment (PPE) to the Department of Social
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The rand is plummeting as global markets panic
Saturday, the rand fell almost 3 percent to R15.39/$, its lowest level since early March. Local currency was under pressure
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Nigeria’s inflation rate projected to drop to single digit in 2022 – CBN Official
The Central Bank of Nigeria has said that Nigeria’s expansion rate might drop to single digit in 2022. The pinnacle
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BP settled to pay a $29.3 mln no-drill fee Gambia stated
The Gambian government announced on Tuesday that BP (BP. L) has agreed to settle a $29.3 million outstanding commitment to
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