East African Breweries Limited will pay an Interest payment on 28th September, worth 14.17% to its noteholders as of 11th September 2020.
Tag: interest
Nigeria and Italy to Improve Diplomatic, Economic Ties
Ambassador Fulvio Rustico (L) and Governor Ambode (R) (Photo via NaijaOxygen) The Italian Ambassador to Nigeria, Amb. Fulvio Rustico, on Thursday announced plans by Nigeria and Italy to sign fresh agreements that would broaden the areas of cooperation between both countries. Rustico told the News Agency of Nigeria in Lagos that both countries’ Ministers of […]
Nigeria’s Naira Devaluation: Not a Day Too Soon
There was a collective sigh of relief from markets when the Nigerian Central Bank announced on Wednesday that it would, effective June 20, abandon the fixed rate for the naira against the U.S. dollar that it has defiantly held for 16 months and allow the currency to float freely. The announcement comes amid difficult economic […]
World’s one and only Forbes Billionaire from Nepal eyes Middle East and East Africa growth with new hotels
19 June 2016 CG Hotels and Resorts, the hospitality division of Nepal’s only billionaire, Binod Chaudhary, has kickstarted the construction of its latest hotel, with the widely renowned brand Taj. The 200-key luxury hotel is being built in the happening Jumeirah Lake Towers, Dubai. CG Hotels and Resorts, in a partnership with Mr. Jayant Lal […]
Inside 4Di Capital’s new R256m fund
MMI Holdings has committed hundreds of millions of rand to investing in and nurturing the next-wave of health and financial technology start-ups, both in South Africa and worldwide. By Duncan McLeod. Justin Stanford MMI Holdings, the JSE-listed parent of Momentum and Metropolitan, has committed hundreds of millions of rand to investing in and nurturing the […]
Pravin Gordhan reveals Brexit fears
Finance Minister Pravin Gordhan has warned that if Britain pulls out of the EU this week, it will “complicate life” for South Africa. Minister of Finance Pravin Gordhan. Picture: AFP/ Pool/ Mujahid Safodien. Brexit, which will be decided on Thursday, could have a significant impact on the global economy. Speaking in Durban yesterday, at a […]
Does African pushback over xenophobic attacks highlight the regional decline of South Africa?
From a position of strength, post-apartheid South Africa has steadily lost its shine. It may need saving once again. South Africa’s Nkozazana Dlamini-Zuma is congratulated by president Jacob Zuma after being sworn in as the African Union Commission chair in July 2012. South Africa has lost much of its regional lustre. (Photo/AFP) BRAND South Africa is […]
Zim, SA open for deeper economic co-operation
President Robert Mugabe’s visit to South Africa earlier this month (April 7-9) marked the second state visit to the republic in 21 years. His last state visit was in 1994. While a number of issues were on the agenda, it is clear that discussions on bilateral and regional economic co-operation took centre stage. Nesbert Ruwo/Jotham […]
Partners call for more robust action on climate agreement for Africa
Finance Ministers and Central Bank Governors from CFA franc ECOWAS member-states and the CEMAC bloc (Economic Community of West African States and Central African Economic and Monetary Community), have called for rigorous efforts towards environmental challenges and development funding viabilities for climate change. Climate change This is a prelude to the forthcoming United Nations Climate […]
South African Benefit From Oil Price Decline Seen as Temporary
(Bloomberg) — The benefit from the lower oil costs for South Africa’s economy will probably be temporary as the drop hasn’t passed through to wider prices and crude should increase further, Reserve Bank Governor Lesetja Kganyago said. “Average wage settlements are still in the realms of 8 percent,” Kganyago said in a speech to a […]
