Category: Business

As international investors take fright, the total market capitalisation of the firms in this year’s survey is down 18% on last year. But there are glimmers of hope amid the gloom. Tom Minney takes stock of the fortunes of Africa’s Top 250 Companies. As African…

–Citizen TBL Plc’s market value was placed at $1.396 billion (about Sh3.2 trillion) while Vodacom’s market value stands at $827 million (about Sh1.9 trillion). TCC’s market value stood at $738 million (about Sh1.7 trillion) while NMB Bank Plc came fourth in Tanzania, 10th in East…

–Africanews In a pattern repeated across the continent, the researcher has turned to online deliveries to get basics such as sugar, milk and coffee during the coronavirus pandemic. “Home delivery allows me to avoid contact and queues,” he said, explaining that his order is completed…

–Hydrocarbon Engineering  Shell Gas B.V., a subsidiary of Royal Dutch Shell plc, has announced that all conditions for its final investment decision (FID) on a new LNG processing unit at Nigeria LNG (NLNG) have now been met. These conditions included formal commitment from the organisations…

–Africanews The Board of Directors of the African Development Bank Group has approved grants worth about $43.46 million for the construction of a bridge to connect Cameroon and Chad across the Logone river. The grants, comprising a $22.586 million tranche for Cameroon and $20.880 million…

–Africanews Zimbabwe farmers started selling their tobacco crop on Wednesday after the coronavirus outbreak delayed the opening of auctions, which provide vital foreign currency inflows, by more than a month. Tobacco is the second biggest earner of foreign exchange after gold, and last year generated…

–Africanews The Republic of Chad strives for an 8% yearly growth rate by 2030 via industrialization and economic diversification. Chad hopes to achieve an 8% economic growth rate in ten years. This is the objective of the Master Plan for Industrialization and Economic Diversification, set…

-Bojana Trajkovska | EU Startups Amidst the global outbreak of Coronavirus, many of us are staying at home with some extra time on our agendas. To support those forced to join the office exodus, many online platforms, universities and distance learning organizations are offering free…

–Sean Ross | Investopedia Currency devaluation can occur in absolute and relative senses. A relative devaluation occurs when the foreign exchange value of one currency drops against the exchange value of other currencies. For example, the British pound sterling may trade for more U.S. dollars…