Africa Business Daily

Wednesday, 01 February 2023

Latest News for: Africa business daily

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South Africa's energy crisis is disastrous, analysts say

Deutsche Welle 01 Feb 2023

The prolonged and unprecedented energy crisis that plunges households into darkness for several hours daily has raised the cost of doing business in South Africa too ... .

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Tanzania strives to become hub of online business in Africa: minister

Xinhua 19 Jan 2023

19 (Xinhua) -- The Tanzanian authorities said on Wednesday that the East African nation is investing heavily in information and communications technology (ICT) to make it an online business hub in Africa ... Daily. Tanzania strives to become hub of online business in Africa.

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Postponement of BusinessDay States Competitiveness and Good Governance Awards

Business Day Online 13 Jan 2023

The management of BusinessDay Media Limited, publishers of BusinessDay Newspaper, leading finance ...

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TCS Q3 net profit grows 11% YoY to Rs 10,846 crore

The Times of India 10 Jan 2023

Mumbai . Bengaluru. Tata Consultancy Services ... Something needs to happen for it to turn around.". Fall in Headcount ... ... Lower Utilisation ... In emerging markets, Latin America grew 14.6%, India grew 9.1%, Asia Pacific grew 9.5% and Middle East & Africa grew 8.6%. Don’t miss out on ET Prime stories! Get your daily dose of business updates on WhatsApp. .

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Bethlehem rebounds from pandemic, lifting Christmas spirits

Lebanon Express 25 Dec 2022

This year, visitors are back, hotels are full and shopkeepers reported a brisk business in the runup to the holiday ... In South Africa, the country’s daily power cuts have been hitting just about every aspect of the holiday. Businesses and families are coping with rolling outages of electricity lasting from seven to 10 hours per day.

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Moses Omusolo Dead: What Happened to Moses Omusolo? Standard Journalist Murdered

The Sentinel Newspaper 22 Dec 2022

According to reports, the business writer Moses Okiror Omusolo’s body may have been left at the scene after he was killed somewhere else ... Also employed by Gumzo, a Mwanaspoti, Kenya Television Network, AllAfrica, Daily Nation, Standard Digital, and Business Daily Africa was Moses.

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The Hill’s Morning Report — Lawmakers agree on framework for government funding

The Hill 14 Dec 2022

The Hill’s Morning Report is our daily newsletter that dives deep into Washington’s agenda ... Biden is hosting 50 leaders from Africa in Washington this week for a critical summit about trade, investments, elections and the future of the U.S ... At 1.30 p.m., the president will speak at the U.S.-Africa Business Forum at the Walter E.

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S. Africa's business chamber concerned about negative effects of electricity shortages

Xinhua 08 Dec 2022

... business and economic growth ... This makes it almost impossible for business to plan or expand and this is damaging South Africa's prospect as an investment destination," said SACCI CEO Alan Mukoki ... Africa's business chamber concerned about negative effects of electricity shortages.

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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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Daesh 2.0 threat from Africa: Is the world prepared?

Khaleejtimes 04 Sep 2022

What’s causing this revival of the group’s brand of terror from Africa? Answers are not hard to find ... “Something big is going to happen across Africa’s belt ... But we all know their money is working for them in many legitimate businesses.” Back in 2014, it was reported that they were making $1 million daily from the illegal oil business in Iraq.

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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.