Business

Mon,16Jul2018

Business

Kenya Airways looks upmarket for financial salvation

KAREL PRINSLOO/AP/SIPAWhen Sebastian Mikosz took over as CEO of loss-making Kenya Airways last June, he immediately shut its outlet in Nairobi's downmarket Accra Road, which served thousands of small traders who fly to the Far East to buy cheap goods in bulk.

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Nigeria's trade account turns positive in 2017 after recession

Nov. 17, 2015, cars drive past an MTN advertisement on the road in Lagos, Nigeria. Photo: Sunday Alamba/AP/SIPANigeria's trade account turned positive in 2017 as a rise in oil exports outweighed imports after dollar shortages frustrated transactions, the National Bureau of Statistics (NBS) said.

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Africa's top 500 companies: telecoms firms duel over data

Sven Torfinn/Panos-REA

Africa’s mobile operators are enjoying a subscriber boom. Next up: turning demand for data into bigger profits

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Barclays Africa lifts profit, looks to Nigeria for growth

March 1, 2016: women stand outside building used by South Africa's ABSA bank, South Africa, which is part of Barclays Africa Group. Photo: Schalk van Zuydam/AP/SIPABarclays Africa Group, South Africa's No.2 lender by market value, plans to extend its reach throughout the continent, it said on Thursday after posting annual profit up nearly 4 percent.

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Opinion: Can ‘Made in Nigeria’ be financed by foreign investors?

20180302nigeriaPresident Muhammadu Buhari made it clear when he came into office: “We will no longer allow our markets to be flooded with things we can produce ourselves. We must believe in our system. Whenever you need my intervention at any time, please come to me.”

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Africa's top 500 companies: the high flyers and long haulers

 

altThe downturn in commodity prices did not have a big impact on most of Africa's giants in the transportation sector

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South Africa's cabinet considering expanding zero-rated VAT basket

01032018SouthAfricaSouth Africa's cabinet may expand the basket of zero-rated value-added tax (VAT) items after it was hiked by 1 percentage point in last week's budget, the minister of communications said on Thursday.

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