Business

Thu,20Sep2018

Business

Old Mutual wraps up four-way break-up with Johannesburg listing

A worker at the Stock Exchange in Johannesburg, South Africa uses his mobile phone Tuesday, April 4, 2017. Photo: Denis farrell/AP/SIPAOld Mutual Plc will list its African financial services unit in Johannesburg on Tuesday, returning to its roots as a South African-based financial services group and largely wrapping up a radical break-up of the group.

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Betting firms gamble on soccer-mad Nigeria after fintec boost

Nigerian player's from left, goalkeeper Francis Uzoho, William Ekong and Onyinye Ndidi celebrate after their 2-0 win over Iceland in a D match at the 2018 soccer World Cup in Russia, June 22, 2018. Photo: Darko Vojinovic/AP/SIPANigeria, Africa's most populous country, has a booming betting industry, the growth of which in the last few years has largely been driven by the emergence of local fintec firms offering a range of payment options that enable customers to place bets online.

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PRESS RELEASE | Rack Centre

Logo Rack CenterRack Centre, Africa’s Leading Colocation Data Centre Provider recognised as winner at the prestigious Datacloud Awards in Monaco

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PEOPLE | Anthony Okpanachi: opening the door to smes

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Appointed to lead Nigeria’s new development bank in March, Okpanachi has the tough task of getting money into the hands of the small businesses that are the engines of Nigeria’s economy

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Restructuring Eskom top of South Africa agenda-finmin Nene

SA Finance Minister Nhlanhla Nene, left, delivers the annual South Africa budget speech to Parliament in Cape Town, South Africa, Wednesday, Feb. 25, 2015. Photo: Schalk van Zuydam/AP/SIPARestructuring state-run power firm Eskom is "on top of the agenda" for South Africa, the country's finance minister Nhlanhla Nene said on Friday, though he said recent outages likely had very little impact on the economy.

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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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