Category: INTERNATIONAL
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Botswana: Communities Given Priority On Jobs
Communities in eco-tourism areas are given priority for employment arising from the tourism sector, according to the Minister of Environment, Wildlife and Tourism Mr Tshekedi Khama. Mr Khama further told Parliament on Tuesday that youth can participate in businesses like arts, crafts and landscaping services at Nata Bird Sanctuary once development are completed at the…
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Rwanda: Bank of Kigali Profit Hits Rwf8.1 Billion in Second Quarter
Bank of Kigali (BK) has posted a total profit of Rwf8.1 billion in the second quarter of the year, representing a 4.5 per cent growth compared to Rwf7.7 billion the previous period. This represents an increase of 17.4 per cent from Rwf6.9 billion year-on-year. The bank’s net income increased marginally year-on-year to Rwf10.9 billion during…
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Kenya:Interest income lifts KCB net profit by 14pc amid rising dud loans
Kenya Commercial Bank (KCB) Group has reported a 14 per cent rise in half year 2016 net profit to Sh10.5 billion on the back of higher interest income from customer loans. The bank’s net interest income rose by 16 per cent to Sh22.5 billion in the six month period on higher interest rates in the market…
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Unruly France is riskier for businesses than Haiti
The risk consultancy cited frequent disruptions to France’s transportation infrastructure, resistance to labor law reforms and frequent protests as reasons for the high risk rating. “While France has an active civil society and trade unions, these actors tend to encourage demonstrations, as protest and industrial action are key facets of the country’s political culture,” the…
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Nigeria: CBN Targets N245 Billion in Treasury Bills As Naira Firms At N310/$
As the Central Bank of Nigeria (CBN) announced plans to mop up N245.18 billion through Treasury Bills from the financial system, the value of the naira closed yesterday firmer at N310.50 to the dollar. Citing a CBN Treasury Bill calendar, traders said the apex bank would today raise N245.18 billion worth of treasury bills with…
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China: July service sector growth eases employment falls for first time in four months-Caixin PMI
Growth in China’s services sector cooled in July, with weaker expansions in activity and new work prompting companies to shed staff for first time in four months as they looked to cut costs, a private survey showed on Wednesday. The findings contrast with a more upbeat official survey on Monday, raising concerns that China is…
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Kenya’s Uber drivers strike in the hundreds after price cuts
Hundreds of drivers signed up with ride-hailing service Uber in Kenya went on strike on Tuesday to protest against fare cuts. The U.S.-based company, which started operations in the East African country in January 2015, is cutting total fares by up to 35 percent to boost demand for the service, amid growing competition from local…
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Nigeria: We Are Working to Stabilise Power Situation – Buhari
President Muhammadu Buhari has said that his administration is working round the clock to stabilise the epileptic power situation in the country. He gave this assurance at a joint press conference with the visiting president of Togo, Faure Gnassingbe at the presidential villa, Abuja. According to Buhari ,the resources and technology to improve the power…
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Dan Sackey appointed MD of Ecobank Ghana
Ecobank Transnational Incorporated (ETI) has appointed Dan Sackey as Managing Director for Ecobank Ghana and Regional Executive for Anglophone West Africa. His appointment is subject to regulatory approvals after which he will assume the position on September 1, 2016. Mr. Sackey has extensive experience and knowledge of the African banking landscape, having risen through the ranks in…
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U.S. crude remains below $40 as oversupply weighs
Oil prices remained weak on Wednesday, with U.S. crude below $40 per barrel and Brent under $42, as fuel oversupply and stuttering economic growth weighed on markets, although prices did receive some support from a weaker dollar. U.S. West Texas Intermediate (WTI) crude futures CLc1 were trading at $39.54 per barrel at 0651 GMT (2:51…