By Elias Biryabarema KAMPALA, Aug 29 (Reuters) – Airtel Uganda aims to raise 800 billion Ugandan shillings ($216 million) by selling a 20% stake to drive its expansion plans, the telecommunications firm said on Tuesday, as it announced details of its initial public offering (IPO). When the listing completes, Airtel Uganda will be the second listed…
Reuters JOHANNESBURG, Aug 29 (Reuters) – The South African rand gained on Tuesday ahead of a raft of domestic and international data releases due later this week. At 1522 GMT, the rand traded at 18.4825 against the dollar , nearly 0.6% stronger than its previous close. Analysts struggled to pick out a local driver, saying…
Nigerian Tribune The importance of insurance in mobilising savings that could be channelled to the development of the economy of developing countries has been widely acknowledged. JOSEPH INOKOTONG, in this piece, presents the United Nations Conference on Trade and Development (UNCTAD) report that identifies the problems and new developments affecting insurance. Insurance can help to…
Africa Business Leading event in Accra shines a spotlight on responsible change The town of Obuasi in the Ashanti region of Ghana, West Africa, has a long and rich mining history. In 1897, large scale commercial and industrial mining began at the Obuasi Gold Mine and continued for over a century until its closure in…
Africa Business The new event facilitates strategic African trade opportunities With the number of African e-commerce users expected to exceed half a billion over the next three years, there is an increasingly urgent need for sophisticated logistics systems to strengthen and support the continent’s expanding transport infrastructure. The pandemic served as a catalyst for the…
Reuters The South African rand drifted stronger in early trade on Tuesday, but analysts said they struggled to see a clear trend for the currency before a raft of upcoming local and international data releases. At 0730 GMT, the rand traded at 18.4500 against the dollar , around 0.7% stronger than its previous close. Local…
Reuters Offshore investors sold a net 2.87 billion rand ($153.2 million) of South African stocks last week, data from the Johannesburg Stock Exchange showed on Monday. Settlement data on bonds showed 12.50 billion rand of net sales while trading data showed 1.97 billion rand of net sales. ($1 = 18.7295 rand).
Bizcommunity.com Residential property put in a strong show in the Cape Town CBD in 2022 with an impressive line-up of cutting-edge developments dominating the property development scene in the city centre – and values and rentals also performing well post-Covid.Of the 22 property developments that came on stream in 2022, with a net worth of…
Reuters JOHANNESBURG, Aug 28 (Reuters) – The South African rand slipped on Monday in response to higher U.S. Treasury yields and concerns over further U.S. interest rate hikes. At 1156 GMT, the rand traded at 18.6650 against the dollar , over 0.3% weaker than its closing level on Friday. The dollar last traded around 0.1%…
Reuters CAPE TOWN, Aug 28 (Reuters) – Australian gas explorer Kinetiko Energy, which has found shallow sandstone gas in South Africa, has started talks with petrochemical company Sasol (SOLJ.J) on a possible supply agreement, Kinetiko’s (KKO.AX) chief executive said on Monday. The natural gas deposit in Block 272, Mpumalanga province, close to Sasol’s Secunda petrochemical complex, could be a…
