Business Africa

Zimbabwe to Rebase Economy after adopting new currency

Zimbabwe to Rebase Economy After Adopting New Currency

Zimbabwe’s Finance Minister has disclosed a rebasing of the country’s economy subsequent to the adoption of a new currency earlier this year, noting a slow economic growth caused by a drought and a cyclone that hit eastern regions. Speaking with parliament on Wednesday, Zimbabwe’s Finance Minister Mthuli Ncube explained that […]

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Pay More Attention to Palm Oil, Instead of Crude - Emiefele Urges FG

Pay More Attention to Palm Oil, Instead of Crude – Emiefele Urges FG

Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, has advised the Federal Government to pay more attention to palm oil as it is costlier than crude oil in the global market. During his screening for his second term’s nomination as CBN governor before the senate committee on banking, […]

44,700 total views, 8,311 views today

Egypt’s Free Zone Exports Hit $6bn in Four Months - Minister

Egypt’s Free Zone Exports Hit $6bn in Four Months – Minister

Egypt’s Minister for investment, Dr. Sahar Nasr has said that the country’s free zone’s exports has reached $6 billion during the first four months of 2019. The government also announced plans to establish seven new free zones in the governorates of Minya, South Sinai, New Ismailia, Giza, Dakahlia, Aswan, and […]

44,045 total views, 2,605 views today

Jumia fraud

Citi Group Addresses Fraud Allegations Against Jumia by Citron Research

Last week, Citron Research, an online investment bulletin based in the United States, accused Jumia of committing fraud, claiming their shares are of no value and they had “never seen such obvious fraud.” Some of Citron Research’s allegations against Jumia were, Jumia “fudged its numbers” ahead of filing documents for its […]

19,476 total views, 2,605 views today