Business

Tue,16Jan2018

Business

Diamond Bank to sell Francophone operations

Diamond Bank is to sell its subsidiary in Francophone Africa, Diamond Bank Benin, to Ivorian insurance group NSIA.Nigeria's Diamond Bank is to sell its only subsidiary in Francophone Africa, Diamond Bank Benin, to Ivorian insurance group NSIA, according to Jeune Afrique Business+, the business news platform of Jeune Afrique Media Group.

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Media Release: Bolloré Logistics in East Africa

 Bollore logistics RVBBolloré Logistics, leading integrated logistics network in East Africa.

As a leading logistics services provider in Africa, Bolloré Logistics, has developed a strong network in several East African countries. Due to an increase demand for consumer goods & services such as consumer retail, telecoms and soft commodities, many multinationals firms decided to entrust their supply chain management to Bolloré Logistics teams in East Africa acting as a trade facilitator in the region.

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'Chill', Kenya central bank tells shilling speculators as election nears

Jubilee Presidential candidate Uhuru Kenyatta, left, with his running mate William Ruto in Nairobi Kenya,May 29, 2017. Photo: Sayyid Abdul Azim/AP/SIPASpeculators against Kenya's shilling in the run-up to national elections should "chill", and a fall in its foreign exchange reserves is no cause for alarm, the head of its central bank said on Tuesday.

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Ghanaian teen builds video search engine to rival YouTube

This 2015 photo shows signage with a logo at the YouTube Space LA offices in Los Angeles. Photo:Danny Moloshok/AP/SIPAGhanaian university student Gabriel Opare wanted to build a search engine that could challenge the dominance of YouTube.

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South Africa puts new mining charter on hold: Chamber of Mines

 In this Feb. 13, 2016 file photo, search and rescue team members at the Lily Gold Mine near Barberton, South Africa.Photo: AP/SIPASouth Africa has suspended implementation of a new mining law, which includes raising the level of shares blacks should own in mining firms, pending a court ruling, the Chamber of Mines industry body said on Friday.

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Nigerian banks seek Etisalat Nigeria cash flow clarity before results

 Staffs of Etisalat Nigeria wait for customers during the launch of mobile number portability, in Lagos, Nigeria, April 22, 2013. Photo: Sunday Alamba/AP/SIPAEtisalat Nigeria's rescue has put the country's banks in a quandary as they prepare for half-year results due this month as they do not know whether to provision for loans to the company until they can work out its value.

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South Africa considers privatisation to counter recession

Finance minister Malusi Gigaba, speaks at the presidential guest house in Pretoria, South Africa, March 31, 2017. Photo: Themba Hadebe/AP/SIPASouth African Finance Minister Malusi Gigaba laid out an ambitious 14-point programme on Thursday to wrench the economy out of recession that included the sale of non-core assets and partial privatisation of state-owned firms.

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