The pound sank on Thursday amid concerns about the UK parliament’s vote on Brexit and after the Bank of England warned of risks to the currency if Britain leaves the European Union in a disorderedly ...
Emerging market currencies hit their highest level in nearly four months on Thursday and stocks gained as dovish remarks from the U.S. Federal Reserve Chairman Jerome Powell put the dollar on the back foot. However, ...
Oil slipped to about 60 dollars a barrel on Wednesday, pressured by rising U.S. inventories and doubts over whether an OPEC-led output cut will be agreed next week. U.S. crude stockpiles rose last week, the ...
A South African state-owned pension fund has raised its stake in mobile phone operator MTN Group to 23.6 per cent, regulatory filings showed on Wednesday. This is a bet on the company in the middle ...
Kenya’s foreign exchange rate reflects its true fundamental value and the bank does not seek to control the rate, the central bank governor Patrick Njoroge said on Wednesday. He was responding to recent criticism from ...
Strengthening mechanism for increased internal revenue generation(IGR) is critical to the expected increased revenue in the non-oil sector, Yue Man Lee, World Bank Senior Economist, has said. Lee said this on Tuesday in a paper ...
South Africa will invest 1 billion dollars in South Sudan’s oil sector, including in the construction of a refinery capable of producing 60,000 barrels of oil per day. Jeff Radebe, the South African Minister of ...
South Korea’s Samsung Electronics on Friday vowed to compensate by 2028 its local chip and display factory workers who have suffered from work-related illnesses. The move settles a year-long dispute between the world’s top memory ...
The German Government has said it is investing 20 million Euro in the training of 52,000 Nigerian youths over a period of four years. Dr Thomas Kirsch, Country Director, Deutsche Gesellschaft für Zusammenarbeit (GIZ) GmBH ...
U.S. President Donald Trump has ‘apologised’ to Americans for allegedly causing traffic jams in the country following the crash in the global oil prices. Trump, in a series of tweets, also alleged “a lot of ...
Recent Comment