Africa Business Daily

Saturday, 26 November 2022

Latest News for: Africa business daily

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China-funded secret railway contract unearthed in Kenya: Report

Beijing News 09 Nov 2022

Nairobi , November 9 (ANI) ... Experts on China and Africa said the revelations were unprecedented, given the secrecy surrounding Chinese loan contracts ... "This (Sh1.312 billion) relates to the cost of default on interest at one per cent of the due amount," said the disclosure documents seen by Business Daily Africa ... (ANI) ....

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Africa: China fines Kenya Sh1.31bn for defaulting on SGR loans

Greek City Times 16 Oct 2022

The Chinese banks fined Kenya Sh1.312 billion in the year ended June for loan defaults, according to Treasury documents seen by Business Daily ... of the due amount,” say the disclosure documents seen by the Business Daily ... John Matua is a regular contributor to Business Daily Africa.

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China fines Kenya Sh1.31 billion for defaulting on railway loans

Beijing News 15 Oct 2022

Chinese banks have fined Kenya 1.312 billion Kenyan shillings in the year ended June for defaults on loans provided to build the standard gauge railway (SGR), according to Treasury documents seen by Business Daily Africa ... the disclosure documents seen by Business Daily Africa.

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Folio Media Signs Deal with Korea Herald to Promote Media Cooperation

This Day 11 Oct 2022

The collaboration between Daily Times of Nigeria and Korea Herald will culminate in the establishment of a Korea-Africa Business Forum in Lagos within a year, as well as a capacity development training, in collaboration with Folio Media Creative Academy ... media business in Africa.

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World Bank affirms commitment to Ethiopia

Capital Ethiopia 11 Sep 2022

IFC buys $160 mln stake in Safaricom Ethiopia. The World Bank Group reassures its commitment to support Ethiopia for the work of betterment of its citizens ... Vodacom Group holds a 6.19 percent share of the business ... The partners together paid $850 million towards the license fee according to Business Daily Africa . ....

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South Africa's business confidence index rises in July

Xinhua 10 Aug 2022

10 (Xinhua) -- South Africa's business climate is returning to normal, with the business confidence index increasing, said the South African Chamber of Commerce and Industry (SACCI) Wednesday. The SACCI monthly business confidence index rose to 110.3 in July from 108.5 in June ... South Africa's business confidence index rises in July.

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Sweden's Magnora sets foot in UK solar, battery storage markets

Renewables Now 09 Aug 2022

Magnora operates through a portfolio of renewable energy companies in the onshore and offshore wind, solar and energy storage segments in the Nordics, the UK and South Africa. It previously had an oil and gas-related business, which was divested in 2018.

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Norway's Magnora sets foot in UK solar, battery storage markets

Renewables Now 09 Aug 2022

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Russia and China approach Africa as friends - Museveni

Business Ghana 08 Aug 2022

“What have you been eating Mr Kasujja?” ... Once he sits down – 30 feet across from me, still cautious about Covid – Mr Museveni is all business. Speaking to him for the BBC’s Africa Daily podcast, I’m reminded that Uganda’s president, often thought of as a military or strong man, is a scholar at heart ... .

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Web3 entrepreneurs in Ghana and Zimbabwe are showing how crypto can be used for social good

Business Insider 03 Aug 2022

... Nigeria — doesn't use blockchain technology, he's excited about the prospects of blockchain platforms like Eversend to transform business and investing in Africa."In Africa, we have this problem of identity verification on a daily basis," said FlexID founder Victor Mapunga.

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Load shedding: What the experts say about the energy crisis

Independent online (SA) 16 Jul 2022

Planned power cuts by South Africa’s state owned power utility, Eskom, have left businesses and households without electricity for close to six hours daily ... In addition to frustrating households and businesses, the power cuts could be shaving billions of rands off the country’s economy daily.

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Kenya ups geothermal capacity by 83 MW but one project still in limbo

Renewables Now 22 Jun 2022

This was unveiled in a report on the national government expenditure for 2020/21, as pointed out by local newspaper Business Daily Africa ... Join Renewables Now's free daily newsletter now! ....

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No limits: Campaign spending spikes ahead of Kenyan elections

Al Jazeera 22 Jun 2022

Data from the South African Revenue Service also revealed that Kenya imported 325 helicopters for lease from South Africa in 2020 alone. Local paper Business Daily also reports that cash in circulation outside the banking system was at a four-month high as of April, according to data from the Central Bank of Kenya ... Section head ... ‘No big issue’ ... .

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Russia-Ukraine conflict hurting East Africa's business community

Xinhua 14 Jun 2022

NAIROBI, June 14 (Xinhua) -- The Russia-Ukraine conflict is hurting the performance of East Africa's business community due to the rising prices of key commodities, the regional apex lobby said Tuesday ... Russia-Ukraine conflict hurting East Africa's business community.

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