Business

Sat,21Jul2018

Business

Zimbabwe regulator cuts mobile data tariffs by 60 percent

AP/SIPAZimbabwe's telecoms regulator has cut the price of mobile data by 60 percent with effect from next month, it said on Thursday, adding that it will now review charges annually.

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Former CEO of Kenya's Nakumatt faces investigation over loss of funds

Employees of the supermarket chain Nakumatt stock shelves in the Westgate Mall, Nairobi, Kenya July 14, 2015.Photo: Ben Curtis/AP/SIPAThe former chief executive of Kenya's indebted Nakumatt Supermarkets will be investigated over the loss of 18 billion shillings ($179 million) worth of stock, an administrator for the retailer said on Thursday.

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Nigeria's President Buhari signs off on record 2018 budget

Nigerian President Muhammadu Buhari speaks during a news conference with President Donald Trump in the Rose Garden of the White House in Washington, Monday, April 30, 2018. Photo: Carolyn Kaster/AP/SIPANigeria's president signed a record 9.12 trillion-naira ($29 billion) budget for 2018 into law on Wednesday but said he would use a supplementary spending plan to seek changes, creating uncertainty about the final details of his growth strategy.

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PEOPLE | Clare Akamanzi : Business development at the grassroots

PAUL KAGAME/FLICKR
The chief executive of the Rwanda Development Board has far-reaching plans to build up the local business class and achieve the country’s ambition of middle-income status

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Nigeria power generation drops after ruptured gas pipe shuts six power stations

vegetable vendors ply their wares by the light of locally-made lanterns in Lagos, Nigeria. Photo: Sunday Alamba/AP/SIPANigeria experienced a sharp drop in power after a gas pipeline rupture caused six power stations to halt operations temporarily, the electricity grid operator said, underscoring the chronic instability of the country's power infrastructure.

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S.African lobby group opposes parts of new draft mining charter

Gwede Mantashe during a media briefing in Johannesburg, South Africa, Wednesday, April 5, 2017. Photo:Themba Hadebe/AP/SIPAThe Minerals Council South Africa, an industry lobby group, said on Sunday it does not support some elements in the latest draft of an industry charter, including a stipulation that one percent of core profit is paid to communities and employees.

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Kenya's Safaricom opposes planned tax increase on mobile cash transfers

 Aug. 24, 2011 customers make money transfers at an M-Pesa counter in Nairobi, Kenya, as others wait outside. Photo: Sayyid Abdul Azim/AP/SIPAKenya's biggest mobile phone operator Safaricom is opposed to a proposed tax rise on mobile phone based cash transfers that its chief finance officer said on Monday would discourage the drive towards modern payments systems.

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