Features | - Part 233

Vodafone Uses Voiceless Africa Plans to Get Tech-Savvy Youth

LAGOS, Nigeria, Capital Markets in Africa: Inside a packed Vodafone Group Plc store in the Zambian capital of Lusaka, a group of the city’s tech-savvy students wait in line for wireless modems they hope will transform their ability to surf the internet. They don’t even care that they won’t be able to get a voice plan to talk over the British mobile operator’s network since Vodafone doesn’t have a license for that. “The coming of Vodafone is…

Heineken Sales Slow in Africa as Low Oil Prices Curb Demand

Posted on by The Editorial Team

LAGOS, Capital Markets in Africa: Heineken NV, the world’s third-largest brewer, reported sales growth that missed expectations as demand waned in key regions such as Africa, Russia and the Middle East. Second-quarter beer volumes dipped 5.9 percent on an organic basis across Africa, the Middle East and Eastern Europe, hurt by a weakening environment in Russia and Nigeria where low oil prices and falling currencies are denting growth. Chief Executive Officer Jean-Francois van Boxmeer said cuts to…

Top Tips For Independent Day Traders

Posted on by The Editorial Team

Day trading can seem like an impossible struggle for the newcomer. Yet by following a few simple guidelines it very quickly becomes a way of life and a great way to earn money and success. To the outsider, it all seems very risky, yet with patience and dedication, the process can be very rewarding. In this article, we will give some top tips to traders with financial knowledge looking to start trading independently. These points…

African Development Bank Won’t Give Budget Support to Congo

Posted on by The Editorial Team

CONGO, Capital Markets in Africa: The African Development Bank said it will keep working with the Democratic Republic of Congo’s government but won’t be able to give the country budget support until its political and structural conditions are met. Congo’s government in May said it would seek $100 million from the AfDB and as much as $500 million from the World Bank after the collapse in prices for copper and oil cut government revenue for the first four months of 2016….

South Africa June Inflation Quickens First Time in Four Months

Posted on by The Editorial Team

Johannesburg, Capital Markets in Africa: South African inflation quickened for the first time in four months in June, complicating the task of the Reserve Bank as it deliberates before announcing its rates decision on Thursday. The inflation rate rose to 6.3 percent from 6.1 percent a month earlier, Pretoria-based Statistics South Africa said on its website on Wednesday. The acceleration was in line with the median of 23 economist estimates compiled by Bloomberg. Prices rose 0.6 percent in the month….

Sub-Saharan credit growth rates halve in two years says ODI report

Posted on by The Editorial Team

LAGOS, Nigeria, Capital Markets in Africa: Private credit growth across sub-Saharan Africa has more than halved over the past two years and ground to a halt in oil exporting countries following low oil prices and the economic slowdown in China, weighing heavily on regional growth prospects, a report said on Friday. With international finance having become ever scarcer and costlier, private credit in sub-Saharan Africa increased by just 7 percent in the first six months…

South Africa’s Economy is to Slow Down due to Zuma’s Questionable Integrity

Posted on by The Editorial Team

South Africa is on the brink of an economic catastrophe something must be done ASAP to arrest the decline in the country’s fortunes. Standard & Poor has downgraded South Africa’s sovereign rating to negative outlook and the rating might be downgraded further to junk in the near term. In December 2015, President Jacob Zuma was forced to appoint Pravin Gordhan as the finance minister after investor confidence fell to its lowest point in decades. South…

« 1 … 231 232 233 234 235 … 258 »