Business

Wed,16Jan2019

Business

Tullow Oil hit by payment delay, but sees higher output

ALL RIGHTS RESERVED
A delay in receiving payment from the sale of a stake in Ugandan oilfields caused Tullow Oil to miss cash flow and debt forecasts on Wednesday, although the firm said it expected to receive the money soon and also forecast higher production.

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Zimbabwe plans new currency as dollar shortage bites - Finance Minster

AP/SIPA

HARARE - Zimbabwe will introduce a new currency in the next 12 months, the country's Finance Minister said, as a shortage of U.S. dollars plunges the financial system into disarray, forcing businesses to close and threatening unrest.

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NIGERIA | The cost of cheaper petrol

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The government spends a huge amount of money subsiding the electricity and petrol sectors, but in the end is it worth the cost?

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Africa in 2019 | How to make a continental deal

TAR106P112

You won’t have missed the nationalist mood engulfing big economies around the world: the US, Britain, Brazil, France and Germany are all stained by proto-fascists in and around power. Politicians in these countries talk of taking back control of borders; they are keen to identify those who should and should not receive state support.

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South Africa's Absa PMI rises in December

20190109 Reuters Absa-PMI2

South Africa's seasonally adjusted Absa Purchasing Managers' Index (PMI) rose further in December, supported by an improvement in business activity and higher new orders.

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BOYCOTT | Power of the purse

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The Boston Tea Party that led to US independence is a reminder that governments and companies should not underestimate consumers who have a political message to send. The same holds true in Africa today.

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