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Business

Nigeria recession: Dangote sacks 36 expatriates, 12 Nigerians

As recession rocking Nigeria economy persist, one of the biggest employers of labour in the country outside of the government belonging to Africa’s richest...

Nigeria to focus on mining to boost investment

Nigeria is embarking on a long- term development for its mining sector in order to boot investment. This is in a bid to reduce over...

Africa: Transparency, Open Doors Needed in Fertiliser Business

Transparency, open doors needed in fertiliser business LAST week, the second Africa fertiliser agribusiness conference was conducted in Dar es Salaam. The conference brought together...

Markets

Indexes Data as of 2016/10/20 12:29. All quotes delayed at least 15 minutes African International symbol name value net changes % change EGX30 Egypt EGX 30 8277.21 +116.81 +1.43% JALSH JSE Africa All Share 51629.23 +208.57 +0.41%  Commodities Data...

Ethiopian entrepreneur uses cultural cloth to produce unique baby products

Amelsa Yazew inspects finished baby blankets made at her company offices in Addis Ababa, Ethiopia after a morning meeting with her staff. The entrepreneur runs...

Nigerian elected Airports Council of Africa president

Nigeria attains a landmark on the global aviation stage as the Managing Director of the Federal Airports Authority of Nigeria (FAAN), Saleh Dunoma, is...

Dangote says crude oil prices won’t go up, projects fertilizer self sufficiency

Africa’s richest man, Alhaji Aliko Dangote, has stated that Nigeria should be serious about diversifying the economy. According to him persons who were still...

Egypt’s economy to grow 3.5 % in 2016/17 fiscal year- Reuters poll

Egypt’s economy is likely to grow 3.5% in the 2016/17 fiscal year, a Reuters poll indicates. This will be short of the government’s target...

Algeria’s Sonatrach wins law suit against Repsol over profit sharing

The Algerian oil consortium group, Sonatrach has won a law suite against Spanish Repsol in the international court arbitration over profit sharing. The wrangle...

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