South African telecoms giant MTN on Wednesday denied an allegation that it had illegally repatriated $13.92bn from Nigeria, saying the claim was without merit.
South Africa's Capitec Bank warned on Tuesday that it was cutting back on lending to cash-strapped consumers from lower income groups as it posted a 19% rise in half-year profit on steady growth among more affluent clients.
Kenya Airways is talking to "about three or four" foreign institutional investors and airlines about buying a stake to raise cash for the loss making carrier, its chief executive said on Monday.
South Africa's power utility Eskom estimates it would have 150bn rand ($11bn) within the next decade to help fund a nuclear expansion programme planned by the government, a senior executive said.
Nigeria has said it is owed a total of $12.7bn by more than a dozen companies for allegedly not declaring exports of crude oil to the United States between 2011 and 2014, according to court documents seen by Reuters on Wednesday.
Flour Mills of Nigeria has exported 10 percent of its locally processed soya bean products for the first time to feed mills in Europe and North Africa, its chairman said, helped by a weaker domestic currency.
Kenya's commercial banks may stop extending loans to borrowers deemed higher risk after the government capped commercial lending rates and the central bank cut the benchmark interest rate, the central bank governor said Wednesday.
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