Business

Thu,23Nov2017

Business

Nigerian banks seek Etisalat Nigeria cash flow clarity before results

 Staffs of Etisalat Nigeria wait for customers during the launch of mobile number portability, in Lagos, Nigeria, April 22, 2013. Photo: Sunday Alamba/AP/SIPAEtisalat Nigeria's rescue has put the country's banks in a quandary as they prepare for half-year results due this month as they do not know whether to provision for loans to the company until they can work out its value.

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South Africa considers privatisation to counter recession

Finance minister Malusi Gigaba, speaks at the presidential guest house in Pretoria, South Africa, March 31, 2017. Photo: Themba Hadebe/AP/SIPASouth African Finance Minister Malusi Gigaba laid out an ambitious 14-point programme on Thursday to wrench the economy out of recession that included the sale of non-core assets and partial privatisation of state-owned firms.

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Press Release: Power and construction Exhibition in Ghana

Press Release:

INTERNATONAL EXHIBITION ON POWER AND CONSTRUCTION TO BE HELD IN ACCRA

 

Accra- July 4, 2017: Powerelec Ghana and Construct Ghana, both international trade shows on Energy, Renewables, Electricals, Construction and its vertical Industries will be held in Accra, on August 10-12, 2017, at the International Trade Fair Center. 

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Congo to double capacity of Inga 3 hydro project in bid to cut costs

A woman pushes her bicycle past dugout canoes  on the Congo river on Aug.1, 2002. Photo: CHRISTINE NESBITT/AP/SIPADemocratic Republic of Congo has decided to more than double the size of its planned Inga 3 hydroelectric plant to make it more economical, after the $14 bn project was hit by financing problems.

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Nigeria "cannot borrow anymore", says finance minister

In this photo taken on  June. 20, 2016, a trader counts US Dollars inside a shop in Lagos, Nigeria. Photo: Sunday Alamba/AP/SIPANigeria must not borrow more to fund its budget and should instead raise money it needs by other means, the country's finance minister said on Tuesday, calling into question planned foreign loans of $2 billion from lenders like the World Bank.

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IMF says Morocco ready for currency reform, but delay 'not a problem'

The now Prime Minister of Morocco, Saad Eddine El Othmani, addresses the media in Berlin, Germany, Nov. 23, 2012. Photo: Michael Sohn/AP/SIPAMorocco's macroeconomic indicators indicate the country is ready to introduce a flexible exchange rate, but delaying the introduction is "not a problem", the International Monetary Fund said on Monday.

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Press Release: AITEO invests in Nigerian Soccer

EKO CONVENTION CENTRE, Logos

LAGOS. 26/04/2017 AITEO GROUP INVESTS N2.5B IN THE DEVELOPMENT OF NIGERIAN SOCCER.

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