Business

Sun,18Feb2018

Business

Nigeria passes major oil reform bill after 17 year struggle

 Nov. 19, 2012: petrol attendants filled cars at a Total petrol station in Lagos, Nigeria. Photo: Sunday Alamba/AP/SIPANigeria has moved closer to turning an oil industry bill into law after a 17 year struggle to complete the legislation which aims to increase transparency and stimulate growth in the country's oil industry.

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Game-changing fintech, aerospace and energy: Africa's tech test grounds

 

CYRIL NDEGEYA/AFPNecessity is still the mother of invention, and African companies are leading the way with game-changing fintech, aerospace and energy projects born from local problems

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Volkswagen to start Rwanda car assembly in May

April 28, 2017: An e-Golf electric car with the VW logo on a rim is pictured in the German car manufacturer Volkswagen Transparent Factory in Dresden, eastern Germany.Photo: Jens Meyer/AP/SIPAGermany's Volkswagen AG said on Thursday it would start assembling three vehicle models at a new plant in Rwanda in May for local sale and use in its own new ride-sharing service.

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President says Ghana's economy is back on track, highlights free secondary education efforts

 Ghana's President Nana Akufo-Addo, left, talks with another delegate before a meeting of African Union countries at the UN General Assembly, Sept. 20, 2017, at U.N headquarters. Photo: Julie Jacobson/AP/SIPAGhana's economy is rebounding and the major commodity exporter is poised to wean itself off bailouts through sustained fiscal discipline and a battle against corruption, President Nana Akufo-Addo said on Wednesday (January 17).

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Corporate health check: How will Africa's major companies fare in 2018?

Anglo AmericanHow are Africa’s leading companies handling today’s tough macroeconomic conditions? The Africa Report examines the business prospects of a cross-section of major companies in 2018

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South African court authorizes freezing of $130 mln in McKinsey case: source

 African National Congress President, Cyril Ramaphosa, addresses delegates during the closing of the ANC's elective conference in Johannesburg, Dec. 20, 2017. Photo: Themba Hadebe/AP/SIPAA South African court has authorized the freezing of $130 million in assets earned by global consultancy McKinsey and a firm linked to friends of President Jacob Zuma, a source at the state prosecutors' office told Reuters.

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Morocco looks for smooth transition to more flexible exchange-rate system

 A camel vendor walks near the shadows of tourists riding camels, in Merzouga, Morocco along what is called the route of a thousand kasbahs in the Atlas Mountains, March 5, 2017. Photo: Abdeljalil Bounhar/AP/SIPAMorocco's introduction of a more flexible exchange-rate system from Monday could result in only a slight depreciation in the short term, analysts and bankers said, but the dirham could become more vulnerable if commodity prices rise.

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