The tech industry comprises companies that sell devices, software, hardware, artificial intelligence, and other information technology (IT) products. These companies have always been profitable in terms of stock value. Fintech research shows that the sector encompasses firms like Apple Inc. (AAPL), Microsoft Corp. (MSFT) and Amazon.com Inc. with the highest market cap stocks in the […]
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Tanzania: Dse to Close Year With Optimism
THE Dar es Salaam Stock Exchange (DSE) is projected to close this year on an optimistic note, thanks to surging of Jatu price and block trades. Debt market analysts’ projection based on Jatu, the latest entrant to the bourse, whose share rallied from day one to close last week at 2,060/- from 420/-. Exchange activities […]
Goddy Egene writes that the plan by the federal government to set up a trust fund through the Finance Bill to manage unclaimed dividends in the nation’s capital will be counterproductive and should not be allowed by lawmakers Doing business in Nigeria is difficulty due to the poor state of infrastructural facilities. Companies operating in […]
The Board of Directors of the African Development Bank has approved a $20 million concessional investment from the Sustainable Energy Fund for Africa (SEFA) to establish the COVID-19 Off-Grid Recovery Platform (CRP). The $50 million blended finance initiative, will provide relief and recovery capital to energy access businesses, supporting them through and beyond the pandemic. […]
In recent months, the naira has weakened significantly in both the authorised and unauthorised market segments. Last week, the naira appreciated significantly across both the official and unofficial markets as the federal government announced plans to boost liquidity in the foreign exchange market. In recent months, the naira has weakened significantly in both the authorised […]
Kenya’s stock market recently suffered steep losses, making it the worst performing globally. The weak performance has persisted: the Nairobi Securities Exchange 20-share index stood at about 1420 on 10 November 2023, having fallen from 1509 on 29 September 2023, a drop of 6% over the six-week period. In better days, the index has risen […]
During the trading week ending on November 24th, a notable uptick in activities was observed on the Dar es Salaam Stock Exchange (DSE) compared to the previous week. The total market turnover amounted to 107.54bn/-, marking a 6,750 per cent increase from the preceding week. This increase in turnover can be attributed to the acquisition […]
Malawian citizens, in random interviews at filling stations in the Capital, Lilongwe, have described oil marketing companies, commercial banks and Malawi Energy Regulatory Authority (MERA) as the “biggest culprits” perpetrating the perennial problem of fuel stock-outs in the country. The sentiments by the citizens come amid the resurgence of petrol stock-outs in some parts of […]
The all-share index, which indicates the general market movement of stocks on the NGX, has hit several record levels since the middle of last year. What could be the propelling force of an equity market that has almost doubled in value in eight months when other key macroeconomic indicators like inflation, exchange rate, and lending […]
The Proudly South African Buy Local Summit & Expo is featuring more than 200 high quality home-grown goods and service providers, who are showcasing everything from pharmaceutical and health products to stylish furniture and electronics for home and office use, delicious food and drink products, as well as jewellery and textiles. This Proudly South African […]
Cameroon’s main seaport has become a transit hub for illegal exports from West and Central Africa. In May 2023, a customs official in Douala, Cameroon stamped a shipment of timber for export from the Central African Republic (CAR) to China. It seemed like a routine load, an everyday part of international trade. But the company […]
The highest exchange loss, N123.8 billion, was posted by consumer goods powerhouse Nestle Nigeria, which also saw the sharpest deterioration year on year. Not showing clear signs of vanishing soon, Nigeria’s dollar drought has become more complicated after Africa’s largest economy allowed its currency to weaken by about 40 per cent in June in a […]