Africa losing billions to illicit cash flows – UN report
Africa loses nearly $89bn a year in illicit financial flows such as tax evasion, a United Nations study has showed.
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African Markets
Central Bank of Nigeria lowers its key rate to 11.5%
Godwin Emefiele, governor of the Central Bank of Nigeria (CBN), announced on September 22 that the bank has lowered its
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S.Africa’s AngloGold Ashanti, Barrick Gold to sell out of Mali gold mine
AngloGold Ashanti and Barrick Gold will sell their effective 80% stake in the Morila Gold Mine in Mali, the South
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Nigeria: Investors Stake N10.1 Billion on Shares As Market Remains Bullish
The stock market remained bullish last week with investors staking N10.12 billion on 950.414 million shares in 16,647 deals. Although
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Libya’s National Oil Corporation declares force majeure on its largest oil field after shutdown by militia
Libya’s National Oil Corporation has declared force majeure on exports from its largest oil field Tuesday, after a militia group
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Cooperatives and Entrepreneurship in Africa
New challenge for cooperatives and micro finance, identified as effective in the economic recovery of the agricultural sector in Africa.
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Nigeria: Investors Stake N13.5 Billion On Shares
Investors staked N13.453 billion on 901.542 million shares in 18,676 deals at the stock market last week. The value of
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Zimbabwe Halts Mobile Money Transactions amid Economic Crisis
Zimbabwe has suspended trading on the stock exchange as well as all mobile phone monetary transactions. Zimbabwe stock exchange chief
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Nigeria: Domestic Investors Dominate As Stock Market Attracts N756 Billion
The Nigerian equities market attracted a total of N755.54 billion between January and April 2020, showing an increase of 32.7
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GEPA to increase coconut export to boost earnings and create jobs
The Ghana Export Promotion Authority (GEPA), says it will increase export of coconut to improve revenue for non- traditional export.
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MIDEAST STOCKS-Saudi Stocks Gain in early Trade, Other Gulf Markets Mixed
May 21 (Reuters) – Saudi Arabian shares gained in early trade, registering their fifth consecutive daily gain amid a recovery
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Tanzania: Dse’s Foreign Participation Drops to 4pc
DAR ES SALAAM Stock Exchange (DSE) foreign participation has dropped further to 4.04 per cent as investors still grappled with
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Ministries Working on LI to Regulate Soya Beans Export – Minister
The Ministry of Food and Agriculture is working with the Ministry of Trade and Industry and the Attorney General’s Department
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African Markets – Factors to watch on May 18
The following company announcements, scheduled economic indicators, debt and currency market moves and political events may affect African markets on Monday. GLOBAL
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Cigna Middle East CEO Extends Role to African Markets
Source: APO The move reinforces Cigna’s commitment to the fast-growing insurance industry in the Middle East and Africa (MEA) region
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