Tuesday 15 May, 2012
Africa Finance Corp eyeing $3 bln deals in a year – NewsDay
 Independent Online |
Africa Finance Corp eyeing $3 bln deals in a year
NewsDay AFC is also assessing investment opportunities in Senegal, Ethiopia, Ghana and Ivory Coast, where they have already secured approval to fund construction of a tall bridge in Abidjan, Alli added. “Infrastructure is the skeleton that economic growth … |
Rand Slumps to 4-Month Low on Europe Debt, JPMorgan Loss – BusinessWeek
 BusinessLIVE |
Rand Slumps to 4-Month Low on Europe Debt, JPMorgan Loss
BusinessWeek South Africa’s currency fell as much as 1.4 percent to 8.2100 per dollar, the weakest level this year. It traded 1.2 percent down at 8.1934 per dollar by 4:05 pm in Johannesburg, bringing its decline this month to 5.1 percent. The yield on the nation’s … |
Oil discovery to speed up Kenya’s new FDI inflows – Business Daily Africa
 Business Daily Africa |
Oil discovery to speed up Kenya’s new FDI inflows
Business Daily Africa The oil find will improve Kenya’s FDI position to match neighbours Tanzania and Uganda. Photo/File By ALLAN ODHIAMBO (email the author) Inflows of foreign direct investment (FDI) to Kenya could match those of Tanzania and Uganda beginning next year … |
Treasury eases KRA financing row with Sh11.7bn – Business Daily Africa
 Business Daily Africa |
Treasury eases KRA financing row with Sh11.7bn
Business Daily Africa Treasury has raised its budgetary allocation to the taxman. Photo/File By MUGAMBI MUTEGI (email the author) The Treasury has eased its financing row with the Kenya Revenue Authority (KRA) after it increased the budgetary allocation to the troubled tax … |
Ghana cedi depreciates vs dollar after brief gain – Reuters Africa
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Ghana cedi depreciates vs dollar after brief gain
Reuters Africa ACCRA May 14 (Reuters) – The Ghana cedi currency fell against the dollar on Monday on strong demand for the greenback by importers, a trader said on Monday. The dollar-cedi rate closed at 1.8960/85 after opening at 1.8840/65 on strong local corporate … |
Sub-Sahara Africa Stocks: Athi River Mining, Skye Bank Nigeria – Bloomberg
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Sub-Sahara Africa Stocks: Athi River Mining, Skye Bank Nigeria
Bloomberg Kenya’s All-Share Index (NSEASI) climbed for a second day, increasing 0.3 percent to 63.63 in Nairobi. Mauritius’s SEMDEX Index (SEMDEX) rose 0.3 percent to 1805.85 in Port Louis. The Nigerian Stock Exchange All-Share Index (NGSEINDX) fell for a third … |
Skye Bank of Nigeria Heads for First Gain in Six Sessions – Bloomberg
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Skye Bank of Nigeria Heads for First Gain in Six Sessions
Bloomberg Skye Bank Plc, (SKYEBANK) a Nigerian lender, rose for the time in six days after signing a loan agreement with three foreign banks. The stock rose 4.5 percent to 3.50 naira by the close in Lagos, the commercial capital, its first advance since May 4. |
Nigeria’s Dollar Bond Yields Advance for Third Day as Oil Drops – Bloomberg
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Nigeria’s Dollar Bond Yields Advance for Third Day as Oil Drops
Bloomberg Borrowing costs on Nigeria’s $500 million of dollar bonds climbed for a third day after oil fell below $94 a barrel in New York for the first time since December as Europe’s debt crisis worsened. Yields on the Eurobonds of Africa’s biggest oil producer … |
Cabotage Fund – One Shipping Company to Get N4 Billion – AllAfrica.com
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Cabotage Fund – One Shipping Company to Get N4 Billion
AllAfrica.com By Samson Echenim, 12 May 2012 Each of the eight indigenous shipping companies that will benefit from the $150 million Cabotage Vessels Financing Fund (CVFF) soon to be disbursed by the Nigeria Maritime Administration and Safety Agency (NIMASA), … |
Financial advisers are eyeing the next investment frontier – InvestmentNews
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Financial advisers are eyeing the next investment frontier
InvestmentNews Frontier markets, marked by low market capitalization and liquidity, include countries across Africa, such as Ethiopia and Ghana, as well as Eastern Europe, the Middle East and South America. Even though these countries come with considerable risks, … |
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