businessAfrica

StanChart Kenya Q1 2022 pretax profit up 16%

Reuters Standard Chartered Bank Kenya (SCBK.NR) posted a 16% rise in pretax profit to 3.93 billion shillings ($33.81 million)in the first quarter of this year, helped by rising interest income and a drop in loan impairments. The lender, which is controlled by Standard Chartered Plc (STAN.L), said in a statement late on Tuesday its net interest income rose…

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health

Mozambique detects polio case after Malawi outbreak

By AFP Mozambique has detected its first case of wild poliovirus in three decades, following an outbreak in neighbouring Malawi in February, the World Health Organization (WHO) announced Wednesday. The case was diagnosed in a child in the northeastern province of Tete. “The detection of another case of wild poliovirus in Africa is greatly concerning, even if it’s…

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Togo reopens its borders after two years

By AFP The West African state of Togo said it would reopen its land borders on Tuesday after closing them more than two years ago to help prevent the spread of coronavirus. The country recorded only 32 cases so far this month, with zero deaths. “Considering the slowdown in cases of COVID-19, all of our land…

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Nigeria’s inflation surges in April as companies feel pinch

Reuters Nigeria’s double-digit inflation climbed in April to 16.82%, rising for a third straight month, the statistics office said, a reading that could prompt a central bank rate hike next week and further squeeze companies already struggling with high costs. Muhammad Abba, a small bakery owner in Abuja, said she cut nearly half of her…

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businessAfrica

South Africa’s Vodacom targets a quarter of group revenue from digital, financial services in medium term

Reuters South Africa’s Vodacom Group (VODJ.J) expects new digital and financial services to generate over a quarter of group service revenue in the medium term, its chief executive said on Monday as the telecom operator reported a rise in full year operating profit. Vodacom, like its peer MTN Group (MTNJ.J), has been transforming its business from just providing…

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health

Zimbabwe rolls out mental health program targeting workplaces

By Jerry Omondi Zimbabwe’s Health Ministry has partnered with the World Health organization to develop a training program focusing on mental health in the workplace. Dubbed ‘MH in the workplace’, the program aims to improve and increase access to Mental Health and Psychosocial Support Services (MHPSS) in the workplace. According to The WHO, the program is…

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Orlando Pirates to play RS Berkane in CAF Confederation Cup final

By David Ochieng Mbewa South African side Orlando Pirates will play RS Berkane of Morocco in the final of the CAF Confederation Cup despite contrasting results in their semifinal second leg matches on Sunday. Pirates suffered a 1-0 defeat against Al Ahly Tripoli at the Orlando Stadium in Johannesburg but managed to advance 2-1 on aggregate….

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Tanzania Raises Minimum Wage by Nearly 25%

DAR ES SALAAM, TANZANIA — Tanzania’s president on Saturday approved a nearly 25% increase in the minimum wage, marking a departure from the policies of her autocratic predecessor amid protests about the high cost of living. President Samia Suluhu Hassan decided on an increase of 23.3%, while also increasing the salaries of government workers for the…

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