Business

Sat,23Feb2019

Business

General Electric pulls out of Nigeria rail concession

The General Electric logo appears above a trading post on the floor of the New York Stock Exchange, Tuesday, June 26, 2018. Photo: Richard Drew/AP/SIPAGeneral Electric Co has pulled out of a long-term concession deal with the Nigerian government to maintain and operate narrow-gauge rail lines in the West African country, a procurement process adviser told Reuters on Wednesday.

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Cash runs out in Khartoum as Sudan tries to halt economic crisis

 
 

In this Friday, Sept. 16, 2011 photo, vendors arrange their vegetables for sale at the market in Damazin, the regional capital of the Blue Nile region, south east of Khartoum, Sudan. Photo: Abd Raouf/AP/SIPAMany cash machines in the Sudanese capital have run out of banknotes as the government scrambles to prevent economic collapse with a sharp devaluation and emergency austerity measures.

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Carmakers eye further growth in Africa after Kenyan Uber deal

Drivers in queues of traffic are forced to do u-turns and drive a long way back in the direction from where they came, in order to cross to the other side, on a highway in downtown Nairobi, Kenya Tuesday, April 14, 2015. Photo:Sayyid Azim/AP/SIPAAuto companies are linking up with fast-growing, ride-hailing services, aiming to transform a threat to their business into a growth opportunity. They offer discounts or financing deals for drivers in the hope they will pick their cars or vans, which could also encourage their clients to buy them.

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South Africa's MTN aims to offer mobile banking in Nigeria next year

People sell MTN phone cards on a street in Lagos, Nigeria Thursday, Nov. 5, 2015. Photo: Sunday Alamba/AP/SIPAMTN Group will apply for a mobile banking license in Nigeria and launch a service there next year, its CEO said on Tuesday, further embedding the South African telecoms company in its biggest but increasingly problematic market.

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Management contributed to collapse of Nigeria's Skye Bank -deposit insurer

Nov. 11, 2011: Headquarters of Central Bank of Nigeria, Abuja.Photo: Sunday Alamba/AP/SIPAThe management of Nigerian failed lender Skye Bank contributed to the collapse of the mid-tier bank, the country's deposit insurance agency said on Monday.

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Zimbabwe invites bids for struggling national airline

A bird flies near the air traffic control tower of the newly renamed Robert Gabriel Mugabe International Airport in Harare, Thursday, Nov. 9, 2017. Photo: Tsvangirayi Mukwazhi/AP/SIPAZimbabwe has invited bids for the state-owned airline as President Emmerson Mnangagwa's government pushes ahead with a drive to privatise and end state funding to loss-making firms, Air Zimbabwe's administrator said on Monday.

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First China International Import Expo opens China’s domestic economy to the world

Standard bankVinod Madhavan, Manessah Alagbaoso and George Lo thoughts ahead of the first China International Import Expo, Shanghai, 5 November 2018 (29 October 2018)

First China International Import Expo opens China’s domestic economy to the world
Historic opportunity for African export-led growth

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