NewsSouthern Africa

Sun,30Apr2017

Southern Africa

At least 17 firms express interest to operate Botswana national airline

At least 17 companies have expressed an interest in operating Air Botswana as the government embarks on its latest drive to privatise loss-making state companies.

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Old Mutual break-up on track for 2018 despite UK tech issues

Old Mutual is on track to complete its break-up into four parts by the end of 2018, although improvements to IT systems at its UK asset management unit could take longer and cost more than expected, the chief executive said on Thursday.

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South Africa's Sea Harvest to raise $100 mln in Johannesburg IPO

South African fishing company Sea Harvest will raise as much as $100 million in a stock market flotation that values the company at 3.4 billion rand, it said on Monday.

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MTN keeps dividend flowing after first loss in 20 years

Africa's biggest mobile phone operator MTN Group promised to pay a dividend in 2017 on Thursday, sending its shares surging as investors shrugged off a loss that underscored its risks in investing in frontier markets.

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Malawi looks to industrial hemp crop to increase foreign earnings.

Malawi is investing about $10m in the cultivation of industrial hemp, which is considered to have economic, medical and nutritional value.

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South Africa's Nedbank slashes Ecobank value by $293 million

South Africa's Nedbank booked a $293 million writedown on the value of its west African associate Ecobank on Tuesday, and reported its slowest growth in annual profit since 2009.

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