Business & Investment

Nigeria: Nigeria Saves 72 Percent Cost in Deep Offshore Rig-Rate – NNPC

February 24, 2017 | Source: AllAfrica News: Economy, Business and Finance

[Premium Times] The Nigerian National Petroleum Corporation, NNPC, has successfully renegotiated the cost of its deep offshore rig-rate downwards by about 71.7 per cent.

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Africa: Open Economies Role Seen for BRICS

February 24, 2017 | Source: AllAfrica News: Economy, Business and Finance

[Focac] BRICS countries should make joint efforts to maintain the openness of global economies and oppose trade protectionism amid worldwide economic sluggishness, China’s top diplomat said on Thursday.

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Zimbabwe: Mugabe to Hold Birthday Party in ‘Worst City in Africa’ (But Is It Really?)

February 24, 2017 | Source: AllAfrica News: Economy, Business and Finance

[News24Wire] Is President Robert Mugabe really about to hold his 93rd birthday party right next to the worst city in Africa?

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South Africa: Broadcaster Inquiry Defers Communications Minister’s Fate to Zuma

February 24, 2017 | Source: AllAfrica News: Economy, Business and Finance

[News24Wire] The SABC inquiry agreed to defer the fate of Communications Minister Faith Muthambi for her role in alleged mismanagement at the SABC to Parliament’s ethics committee and President Jacob Zuma.

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Zimbabwe: Local Workers Lack Key Skills – Report

February 24, 2017 | Source: AllAfrica News: Economy, Business and Finance

[Zimbabwe Independent] THE majority of employees in Zimbabwe lack critical skills such as business acumen and research skills which are sought after in developed countries, a survey has revealed.

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Tanzania: Barclays Africa – Split Won’t Change Activities in Tanzania

February 24, 2017 | Source: AllAfrica News: Economy, Business and Finance

[Daily News] Barclays Africa Group does not foresee changes in its operations in Tanzania and in Africa in general as it proceeds with separation process from its UK parent company whose terms have been agreed subject to regulatory approval.

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Zimbabwe: Social Security Body Injects U.S.$20 Million Into Fertiliser Firms

February 24, 2017 | Source: AllAfrica News: Economy, Business and Finance

[Zimbabwe Independent] THE National Social Security Authority (Nssa) has injected US$20 million into fertiliser companies Windmill and Zimbabwe Fertiliser Company (ZFC) to boost production and meet demand for government’s command agriculture programme,…

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Ethiopia: New Employment Plan ‘More Politics Than Jobs’

February 24, 2017 | Source: AllAfrica News: Economy, Business and Finance

[Deutsche Welle] The Ethiopian government has been trumping the country’s recent economic success. But a new plan to employ young people appears to be more about quelling protests than providing employment.

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Nigeria: Nigerians to Pay More Charges for Large Cash Deposits, Withdrawals

February 24, 2017 | Source: AllAfrica News: Economy, Business and Finance

[Premium Times] Nigerians who deposit or withdraw N500,000 and above will now pay between 1.5 per cent and 7.5 per cent charges, according to a new banking policy.

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Zimbabwe: Media Group Takes Control of Rainbow Airlines

February 24, 2017 | Source: AllAfrica News: Economy, Business and Finance

[Zimbabwe Independent] Media group AB Communications (AB) could emerge with full control of Zimbabwe’s newly licensed Rainbow Airlines amid disclosures AB has been given the right of first refusal to snap up the 30% stake being held by its partners in …

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