The Editorial Team |

Delivery is critical in e-tail transactions, says DHL

As e-commerce continues to gain popularity across the African continent, more effort needs to be paid towards facilitating flawless delivery to customers. This is further supported by the Global e-Commerce Logistics 2015(1) report which reveals that e-commerce logistics is rapidly changing to keep pace with this quickly evolving market. This is according to Sumesh Rahavendra, Head of Sales for DHL Express Sub Saharan Africa, who says that the delivery of goods purchased online is one…

Equatorial Guinea agrees multiple investments with Chinese companies

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During a historic visit to China the Government of Equatorial Guinea, represented by the Ministry of Mines, Industry and Energy , has announced the signing of multiple memorandum of understanding on April 30 with Chinese companies covering large areas of cooperation in the electricity and industrial sectors. The agreements were made during the Equatorial Guinea-Asia Economic Forum, hosted by the Government of Equatorial Guinea at the Shangri-La Hotel, in Dalian. The economic forum was organized…

Tanzanian finmin says shilling to stabilise on loan inflows

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DAR ES SALAAM (Reuters) – Tanzania’s shilling is expected to stabilise in the next few days after it broke through a series of record lows against the dollar, the finance minister said. The shilling has lost 15 percent of its value against the greenback this year, mainly due to a firmer dollar and lower prices of gold in global markets. The currency of east Africa’s second largest economy traded the shilling at 1,988/1,998 per dollar…

BRVM Investment Days: West Africa’s financial centre comes closer to the London Stock Exchange

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LONDON, United-Kingdom, April 29, 2015/ — On the occasion of the second edition of the BRVM Investment days, the regional stock exchange for the eight countries of the West African Economic and Monetary Union (WAEMU) and many West-African companies have met investors from the London Stock Exchange. The regional stock exchange Bourse Régionale des Valeurs Mobilières (BRVM) welcomes the success of the second edition of its BRVM Investment days, held on April 28 at the…

World Bank to support to Kenya’s financial services sector

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The World Bank Group will support Kenya to develop a stronger financial system, increase long term financing and reduce the cost of credit to borrowers under a new finance program approved on the 30th of April. The World Bank Group’s Board of Executive Directors approved an International Development Association (IDA) credit of USD 37m for the Kenya Financial Sector Support Project to strengthen the legal, regulatory, and institutional environment. It will help Kenya to improve…

Chad to receive $1.1 billion debt relief – finance minister

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DAKAR, April 28 (Reuters) – Chad will receive $1.1 billion in debt relief after completion of the Highly Indebted Poor Countries (HIPC) initiative of the World Bank and International Monetary Fund (IMF), its finance minister said on Tuesday. Kordje Bedoumra said in an interview that the oil-producing central African nation – one of the poorest countries on earth – had cut its growth forecast for this year to 5 percent, from 7 percent in 2014,…

Four patterns every trader should know

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London (Capital Markets in Africa):- The financial markets can be a fickle beast. After all, you can attempt to model and predict every possible outcome, but prices are driven by human decisions, with traders staying in a position longer than they know is wise, or panic buying in a rally. But armed with a knowledge of some common chart formations, you can get a better feel for what is ahead in a short amount of…

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