19/07 Ethiopian Airlines is in talks
to take a stake in Eritrean Airlines and a study will be
conducted to determine the size of the acquisition, the
Ethiopian carrier's chief executive said in an interview. . .
18/07 Kenya will launch its
international financial centre in the capital Nairobi later this
year to attract large foreign financial firms and boost capital
flows, its finance minister said on Wednesday.. . .
15/07 Kenya Power's Chief
Executive Officer gave himself up to police on Sunday and was in
their custody, police said, a day after the east African country
said it wanted to charge him over alleged. . .
14/07 Kenyan authorities said on
Saturday they had arrested a former chief executive officer of
the state-run distributor Kenya Power on suspicion of
economic crimes and wanted to charge the current chief
executive.. . .
13/07 KCB Group, Kenya's
biggest bank by assets, will look at partnering with a local
bank in Ethiopia, where a potential liberalisation of foreign
investment rules could open up a market of 100 million people.. . .
11/07 Libya's central bank (CBL) said
on Tuesday the country had earned 15.6 billion Libyan dinars
($11.4 billion) in oil revenue in the first six months of the
year, accounting for more than 93 percent. . .
04/07 Nigeria will offer a 12.7 billion
naira ($41.6 million) mining contract to eight companies in
exploration and consultancy, its junior mining minister said on
Wednesday, adding both foreign and local firms were encouraged
to participate.. . .
21/06 Zambia plans to introduce
electricity tariffs that reflect the cost of production by the
end of this year, a senior government official said on Thursday,
a move that could increase costs for economically vital. . .
18/06 Kenya's biggest mobile phone
operator Safaricom is opposed to a proposed tax rise
on mobile phone based cash transfers that its chief finance
officer said on Monday would discourage the drive towards modern
payments systems.. . .
14/06 Kenya's Finance Minister Henry
Rotich on Thursday said he would propose repealing a cap on
commercial lending rates, a move cheered by bankers who had said
the ceiling had hurt credit growth and access.. . .
14/06 Kenya's government will
introduce a set of reforms for the financial sector aimed at
boosting private sector credit growth after it was hit by a cap
on commercial interest rates introduced in 2016, the. . .
14/06 Seeking to capitalise on higher oil
prices, Sierra Leone has extended the deadline of a fourth oil
licensing round for five deep water offshore blocks until
September 27, officials told Reuters.. . .
13/06 Kenya's biggest privately owned
bank, CBA, has teamed up with a local financial technology
company to speed up payments for goods or services delivered by
suppliers, its chief executive said on Wednesday.. . .
07/06 Private equity firm Cupric
Canyon will begin construction of its Khoemacau copper project
in Botswana in October, with first sales of the metal expected
in 2021, a company executive said on Thursday.. . .
04/06 Tanzania's economy is
expected to grow by 7.2 percent in 2018, up from around 7.1
percent last year, and the fiscal deficit will increase on the
back of higher infrastructure spending, the finance minister
said. . .
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