FINANCE & ECONOMY

April 23, 2019

Aiteo shuts Nembe Creek Trunk Line due to fire

Nigeria’s Nembe Creek Trunk Line, one of the two major lines transporting Bonny Light crude oil, was shut on Sunday after a fire prompted a force majeure, operator Aiteo said.

Aiteo said its emergency response"...

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April 23, 2019

African Alliance Group’s withdrawal from USE signals hard times ahead

African Alliance has announced its intended exit in May from Uganda’s stock market after 15 years.

The announcement has raised questions about the South African company’s future in African capital"...

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April 23, 2019

Region braces for tough times as food crisis is forecast

East African countries are facing a food supply crisis, which is bound to increase the cost of living and push up governments’ budget deficits this year.

Much of the region has gone through a dry spell after"...

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April 23, 2019

Mauritians eyeing more investments in East Africa

East Africa has recently seen a surge in investments from Mauritius, with banking, insurance, agriculture, telecoms, trade as well as the oil and gas sectors receiving most of the capital.

Global consultancy firm"...

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April 23, 2019

Tender for installing GPS on exam boxes canceled

KUWAIT CITY, April 22: Assistant Undersecretary for Financial Affairs at Ministry of Education Yousef Al-Najjar revealed that the tender for installing GPS systems on examination boxes to track their movement from the Central Exams Control Unit in the ministry to various educational zones"...

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April 23, 2019

KAMCO targets sustainable growth, new heights

KUWAIT: KAMCO Investment Company, a leading investment company with one of the largest AUMs in the region, held its Annual General Meeting (AGM) at the Chairman’s Club in KIPCO Tower. The meeting provided shareholders with direct information on the Company’s performance and"...

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April 23, 2019

Gemalto Shares Will Be Delisted on 29 May 2019

(AETOS Wire)-- Reference is made to the joint press release by Thales (Euronext Paris: HO) and Gemalto (Euronext Amsterdam and Paris: GTO) dated 16 April 2019 on the results of the Post-Closing Acceptance Period in relation to the recommended all-cash"...

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April 22, 2019

Ghana saw economic growth slowdown in 2018 as oil expansion cooled

Ghana’s slower economic growth in 2018 beat the International Monetary Fund’s forecast, and may set the scene for the West African economy to expand the fastest in the world this year, as the lender predicted last week.

Gross"...

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April 22, 2019

Poultry farms, livestock pens become factories, workshops

KUWAIT CITY, April 21: The Al-Qabas daily during a tour of a number of poultry farms and livestock pens in Sulaibiya discovered a number of these plots which were initially given to operate as farms and pens have been turned into places to store chemicals, as workshops for blacksmiths and"...

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April 22, 2019

India’s Iconic Markaz Knowledge City Promises High Returns for Expat Investors 

Markaz Knowledge City (MKC), India's first knowledge city developed at an estimated investment of US$ 435 million (INR 30 billion) and spanning over 125 acres of land in the South Indian state of Kerala, will go functional at full-scale this year promising massive investment returns"...

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