By Dawit Endeshaw ADDIS ABABA, Aug 16 (Reuters) – Safaricom’s (SCOM.NR) M-Pesa mobile money service went live in Ethiopia on Wednesday, in a boost to the Kenyan telecoms operator as it seeks to kickstart growth in one of Africa’s biggest economies. Safaricom, which is part owned by South Africa’s Vodacom (VODJ.J) and Britain’s Vodafone (VOD.L), launched its voice and data network…
Supply chains encompass the systems and resources needed to develop, produce and transport goods and services from suppliers to customers Tariq Al Fahaam/ Khoder Nashar, WAM (Emirates News Agency) GENEVA: African economies can become major participants in global supply chains by harnessing their vast resources of materials needed by high-technology sectors and their own growing consumer…
By XINHUA The World Health Organization (WHO) is ramping up efforts to save lives and prevent cholera transmission in Somalia. In its weekly update on cholera, the WHO disclosed that starting from the first week of 2023, there were a total of 11,704 suspected cholera cases recorded in Somalia. 30 people died. 235 new suspected…
Reuters Aug 11 (Reuters) – South African coal miner Exxaro (EXXJ.J) expects its half-year profit to fall by as much as 37%, mainly due to weaker prices of the fossil fuel and the impact of rail logistics problems, the company said on Friday. Exxaro said it expected headline earnings per share (HEPS) – South Africa’s most common…
Reuters JOHANNESBURG, Aug 14 (Reuters) – The South African rand was under pressure in early trade on Monday, hampered at the start of the week by worries over the health of China’s economy and the potential for another U.S. interest rate hike. At 0635 GMT, the rand was at 19.01 to the dollar , about…
Reuters JOHANNESBURG, Aug 14 (Reuters) – South African lender Absa Group (ABGJ.J) on Monday posted a marginal rise in interim profit as it benefited from higher interest rates, which was partly offset by higher impairments. The lender posted a headline earnings per share of 13.21 rand ($0.6945) for the half year ended June 30, against 12.67 rand…
The WHO declared in May that Covid is no longer a global health emergency Agence France-Presse (AFP) The number of new Covid-19 cases reported worldwide rose by 80 percent in the last month, the World Health Organization said on Friday, days after designating a new “variant of interest”. The WHO declared in May that Covid…
Staff Writer, Mubasher Basic earnings per share (EPS) hiked by 152.50% year-on-year (YoY) Housing and Development Bank (HD Bank) generated 151.90% higher consolidated net profits after tax at EGP 3.28 billion in the first half (H1) of 2023, versus EGP 1.30 billion a year earlier. Basic earnings per share (EPS) hiked by 152.50% year-on-year (YoY) to…
To streamline processes and make them more transparent, the country has in the last decade begun to digitise public services like tax collection Staff Writer, The East African Many African tax authorities have weak capacity to raise revenue. From 1990 to 2020, Sub-Saharan African countries on average collected only about 12 percent-15 percent of GDP as…
Reuters CAIRO, Aug 10 (Reuters) – Egypt’s annual headline inflation rose to a new all-time high of 36.5% in July, in line with analysts’ expectations, as food prices soared, data from the country’s statistics agency CAPMAS showed on Thursday. Month-on-month, prices rose 1.9% in July, down from 2.08% in June. Core inflation, which strips out…
