Inclusive development can promote economic, social and justice through employment creation and income generating activities for African youth, Luxembourg’s Labor and Social economic minister Nicolas Schmit said Friday.In an interview with APA on the sidelines of the Social solidarity and economic forum held in Chamonix, France, Schmit stressed the need to move towards a dynamic […]
Author: Curated Content
African Science Forum in Pretoria to encourage home-grown innovation
South Africa will next month host its first international science conference, showcasing homegrown research and innovation. The South African Science Forum , which will be held at the CSIR international convention centre in Pretoria, aims to emulate the likes of the Euroscience Open Forum in Europe, the Japanese Science, Technology and Society Forum and the […]
Tanzania: Volumes are continuing to rise, exceeding $25m
Activity in twelve equities at the Dar es Salaam Stock Exchange (DSE) resulted into over 10 times increase in turnover of 60.38bn/-compared to 7.20bn/- posted in the previous session. During the week, the Tanzania Breweries Company Limited (TBL) dominated the bourse in terms of turnover and number of shares transacted. The counter traded 3,974,450 shares […]
Rwanda: Bralirwa approve unchanged Dividends despite drop in profits
Shareholders of Rwanda Stock Exchange-listed beverages manufacturer, Bralirwa, have approved a Rwf7.5 dividend payout per share for 2014, unchanged compared to 2013, a statement from the firm indicates. The dividend is same as what. The shareholders okayed the payout during the annual general meeting on May 27 in Kigali. This will translate into a Rwf7.7 […]
South African rand (ZAR) stabilises after bad start to the year
South Africa’s rand drifted in a narrow range versus the dollar in the absence of significant drivers on Tuesday, with traders and investors looking to mining and factory output data on Thursday for pointers on the state of the local economy. The rand has fallen nearly 8 percent against the dollar this year, because investors […]
Nigeria: Skye Bank’s acquisition of Mainstreet Bank successful with profits rising to $30m over 3 months
Skye Bank’s acquisition of Mainstreet Bank is beginning to yield appreciable results as the consolidated result for the first quarter ending March 31, 2015 submitted to the Nigerian Stock Exchange (NSE) shows a significant rise in earnings and profits, thus justifying management’s strategic decision of an acquisition that had led to a bigger bank. The […]
Tanzania: Vodacom Plans to Invest Over 200 Billion/ – in 2015
VODACOM Tanzania plans to invest over 200bn/- in the next financial year, the firm’s chief executive officer, Mr Rene Meza, told a news conference in Dar es Salaam yesterday. Presenting the telecom firm’s business update for the 2014/2015, Mr Meza said the firm had a pleasant financial year, with the customer base swelling to 12 […]
Zimplow’s turnover increase by 5% in Q1
“Deliveries to certain markets have been delayed while the Zambian market was affected by the weakening Kwacha”. ZIMPLOW Holding’s turnover for the quarter to March 2015 rose by five percent while profitability is still subdued because of a downturn at Mealie Brand. This is despite the company securing a number of good export contracts for […]
Nigeria: Elections Over, Stock Market Investors Recover N1.06 Trillion
Lagos — With the general elections over, producing an eventual winner in General Muhammadu Buhari as President-elect, set to replace incumbent Dr. Goodluck Jonathan, confidence may have gradually started returning to the nation’s capital market, judging by data from the Nigerian Stock Exchange (NSE), as seen in the robust recovery in its basic indicators for […]
Renard Resigns From Ivory Coast Post
Herve Renard has resigned as the coach of Ivory Coast, months after winning the Africa Cup of Nations. The Elephants clinched the 2015 Afcon in Equatorial Guinea in January, which was their second ever African title. However, the Frenchman confirmed he is leaving the Afcon winners to take up the post French Ligue 1 side, […]