Business

Mon,23Jul2018

Business

AGRIBUSINESS | A caffeine kick

A woman processes coffee beans in Kisoro - Credits: Jiro OSE/REDUX-REA

While the world keeps refilling its coffee cup Africa hasn’t kept up. Now farmers and policy-makers are focusing on this potential cash-crop dynamo with schemes to boost exports and strengthen processing capacity on the continent

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Nigeria central bank asks lenders to bid for Chinese yuan -traders

People walk past a mural displaying world currency symbols on the outside of a bank in Beijing, Friday, July 20, 2018. Photo: Mark Schiefelbein/AP/SIPANigeria's central bank asked lenders on Friday to submit bids for the Chinese yuan, traders said, in the first auction after it agreed a $2.5 billion swap with its Chinese counterpart in May.

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Yinka Sanni: We will facilitate business with China

Yinka Sanni - all rights reserved
The Nigerian bank is leveraging the Chinese stake in its parent company to be the go-to bank for business with the Asian country with its Africa China Banking Centre

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ENERGY: Power pitfalls

 

Launched in April, the Kinyerezi II power plant in Tanzania will inject 240MW into the grid, but the country has fallen foul of other investors after failing to pay its bills - Credits: ANESCO
Debts by utilities are a major challenge to expanding grid-based electrification on the continent. In East Africa, several investors have learnt this the hard way

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Kenyan court temporarily suspends "Robin Hood" tax on bank transfers

In this photo of Wednesday Aug. 24, 2011 a customer is assisted at an M-Pesa counter in Nairobi, Kenya, to make a money transfer. Photo: AP Photo/Sayyid Abdul AzimKenya's High Court has temporarily suspended a "Robin Hood" tax on bank transfers of over 500,000 shillings ($5,000) imposed at the start of the month, the Kenya Bankers Association (KBA) said on Thursday.

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Ethiopian Airlines says it is in talks for stake in Eritrean Airlines

Aug. 9, 2012: Ethiopian Airlines chief executive Tewolde Gebremariam. Photo: Elias Asmare/AP/SIPAEthiopian Airlines is in talks to take a stake in Eritrean Airlines and a study will be conducted to determine the size of the acquisition, the Ethiopian carrier's chief executive said in an interview on Thursday.

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First Ethiopia-Eritrea flight in 20 years seals peace deal

Eritrean President Isaias Afwerki, right is welcomed by Ethiopia's Prime Minister Abiy Ahmed, second right upon his arrival at Addis Ababa International Airport, Ethiopia, Saturday, July 14, 2018. Photo: Mulugeta Ayene/AP/SIPAThe first commercial flights from Ethiopia to Eritrea in 20 years took off early today, sealing a stunning reconciliation between the former enemies a week after they ended their military standoff.

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