Category: Africa

South Africa’s Woolworths Holdings plans to buy Australian men’s fashion brand Politix through its subsidiary, Country Road Group, the retailer said on Wednesday. Woolworths, which sells upmarket food and clothing, said the acquisition will be funded using its own resources and is expected to immediately increase the company’s earnings per share. No financial details were…

Algeria: Eleven Algerian Banks to Provide E-Payment Service, Announces Boudiaf

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in Africa, North Africa, Top Stories

Eleven (11) banks will provide their customers with e-payment service that will be officially launched on 4 October, Deputy Minister for digital economy and modernization of financial systems Mouatassem Boudiaf. “Six public banks and five private ones will provide e-payment service,” said Boudiaf whose department supervised the implementation of this service in coordination with the…

Botswana Aviation Standards Get Recognition

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Former minister of transport and communications, Mr Tshenolo Mabeo, recently received an International Civil Aviation Organisations (ICAO) Council President Certificate in recognition of Botswana’s “progress in resolving its safety oversight deficiencies and improving the effective implementation of applicable ICAO Standards and Recommended Practices last year.” According to a press release from the ICAO , Mr…

Zimbabwe: Banks Fleece Borrowers

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BANKS in Zimbabwe could still be fleecing borrowers through a litany of charges and the high cost of loans, despite the central bank putting a cap on lending rates; findings from the draft national competitiveness report have shown. The report says borrowers could be paying effective interest rates on bank loans in excess of 24…

Kenya:MPs call for sacking of KQ chiefs, end of KLM ties after flights delay

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in Africa, East Africa

MPs last evening criticised the top management of national carrier Kenya Airways and called for their removal from office as well as termination of the airline’s partnership with Dutch carrier KLM. Majority Leader Aden Duale also attempted to connect Opposition chief Raila Odinga to what he said was the imminent collapse of Kenya Airways. But…

Kenya:New office eases Dubai tycoons entry into Nairobi

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in Africa, East Africa

Dubai businesses are set to get an easier entry into Kenya with the opening of the Dubai Chamber of Commerce and Industry representative office in Nairobi. Opening of the office was announced Tuesday at the start of a local tour by top officials of the chamber, Dubai’s businessmen and diplomats representing Kenya in the Emirate.…

Zimbabwe: UN Rejects Zimbabwe’s Ivory Export Proposal

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ZIMBABWE and Namibia have both failed to secure a UN permission to export ivory, in secret ballots held on Monday. Namibia’s bid lost 73 to 27 while Zimbabwe lost 80 to 21. The two SADC countries had argued that trade in ivory seized from poachers and in tusks from dead animals would protect elephants but…

Algeria: E-Payment Officially Launched in Algeria

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in Africa, North Africa

E-payment service is to be officially launched in Algeria on Tuesday, October 4th, the Association of Banks and Financial Institutions (ABEF) said Monday in a statement. The launching ceremony, organized by the ABEF, will be attended by the minister of Finance, Hadji Baba Ammi, the minister of Poste, Information and Communication Technologies, Imane Houda Feraoun,…

Kenya:Banks ordered to stop charging borrowers new transaction fees

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