Latest Updates from Reuters

Africa’s major central banks embarking on policy easing cycle ride

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By Vuyani Ndaba JOHANNESBURG (Reuters) – Africa’s major central banks are entering an easing cycle as they try to stimulate growth after months of drought, austerity drives and confidence issues across the continent, a Reuters poll found on Thursday. Much of southern and eastern Africa is still recovering after an El Niño-related drought wilted crops...

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Former Etisalat Nigeria, 9mobile, is open to new investors: CEO

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By Chijioke Ohuocha LAGOS (Reuters) – Telecoms group 9mobile is open to new investors but will continue to manage the business in the meantime, its chief executive said on Wednesday at an event to officially announce the company’s new name to replace Etisalat Nigeria. UAE’s Etisalat terminated its management agreement with its Nigerian business in...

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Guinea Bissau reaches $47 mln deal on submarine cable

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Africa M.E.

BISSAU (Reuters) – Guinea Bissau has agreed a memorandum of understanding with the World Bank, Orange and MTN for a $47 million project to link the country to a submarine telecoms cable connecting Africa with Europe, the government said on Wednesday. Under the agreement, French telecoms company Orange and South Africa’s MTN Group will form...

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Ghana president says will not extend three-year IMF aid programme

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ACCRA (Reuters) – Ghana will not extend its three-year aid programme with the International Monetary Fund beyond April 2018, President Nana Akufo-Addo said on Tuesday, despite continuing fiscal difficulties. The president’s announcement is a surprise turnaround after government officials said last month that Ghana was considering a request by the Washington lender to extend the...

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Leaders

Jonathan Gray: shaping investment opportunities for the Middle East

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Jonathan Gray

Jonathan Gray is currently heading several businesses within various industries through ventures such as Beauchamps Estates France, JG Events and First Ide a Ltd.

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First Female Head of UN Economic Commission for Africa: Vera Songwe

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The Economic Commission for Africa has appointed Cameroonian economist and banking executive Vera Songwe as the new Executive Secretary; the first time in history a woman has held this role.

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Mark Shuttleworth: Africa’s first dot com millionaire

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Mark Shuttleworth is Africa’s first dot com millionaire, the first African in space, and arguably one of South Africa’s greatest entrepreneurs.

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Andrew Mupuya is an award winning entrepreneur, and he’s not yet 25

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Andrew Mupuya is the 24 year old, award-winning businessman who began his company with only $14

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Politics

Zimbabwe’s Mugabe is gone, but political kow-towing still abounds

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Robert Mugabe's 37-year rule may be over, but a culture of political fawning by the Zimbabwean state media and fear of those in authority still flourishes.q

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New Reforms in Nigeria to Attract Foreign Investment

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Oluyemi Osinbajo Nigeria

Administration burdens, over-regulation, and excessive taxation by the government, have long discouraged investors from Nigeria, however new reforms to streamline port administration and make more transparent, efficient, business processes, aim to turn this around.

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Nigeria’s President continues to divide opinions

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Muhammadu Buhari

Nigerian President, Muhammadu Buhari has faced criticism and praise during his long political career, but what does the future hold?

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Shuffling the Deck: Saudi Arabia favors new minds over lifetime politicians

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Mohammed Al-Jadaan has replaced Ibrahim Al-Assaf as Minister of Finance for Saudi Arabia.

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Business

11 Arab Companies Make Forbes Global 2000 Top Growth Champions List

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forbes

Over ten Arab companies have shown exceptional revenue growth to make it into the 2017 Forbes Global Growth Champions list.

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Morocco announces auto industry deals worth $1.45 bln

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Morocco said on Monday it had signed deals for 26 auto industry projects worth a total of 1.23 billion euros ($1.45 billion) as it seeks to build its position as an international hub for the sector.

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Steinhoff accounting irregularities trigger share crash, CEO exit

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Steinhoff International shares crashed on Wednesday after it revealed accounting irregularities and its CEO quit, shocking investors who had backed the rapid reinvention of a South African furniture chain into an international retail empire.

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Heineken to open $100 mln brewery in Mozambique in 2019

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Heineken will open a $100 million brewery in Mozambique, its first production facility in the southern African nation, the brewer said on Monday.

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