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Safaricom CEO Defends Company’s Dominance As He Returns To Work

Safaricom CEO Defends Company’s Dominance As He Returns To Work

Kenya’s dominant telecoms operator Safaricom does not hinder competition, its chief executive Bob Collymore told lawmakers on Monday as he returned to work after a nine-month absence for medical treatment. The country’s industry regulator recommended in a draft proposal in May that Safaricom, which controls 67 percent of Kenya’s mobile market, should offer rivals access […]

Central Bank Unable to Meet, Holds Rate at 14%

Central Bank Unable to Meet, Holds Rate at 14%

The Central Bank of Nigeria won’t hold its monetary policy meeting scheduled for Monday and Tuesday because it’s unable to form a quorum as lawmakers haven’t approved monetary policy committee members, it said. The CBN “shall continue to maintain key monetary policy variables as decided by the last monetary policy committee meeting” in November, Governor […]

5 Key Takeaways About Life And Investing From Warren Buffett’s Latest Annual Letter

5 Key Takeaways About Life And Investing From Warren Buffett’s Latest Annual Letter

The Oracle of Omaha came out with his latest annual letter just today. As always, there is a lot to be learnt, not only about investments, but about life itself. Let’s get straight into it. I earlier described our gradual shift from a company obtaining most of its gains from investment activities to one that […]

More Property Funds Suspended As Brexit Tremors Continue In The City

More Property Funds Suspended As Brexit Tremors Continue In The City

Britain’s vote to leave the EU has sent further shock waves through financial markets, with three more property funds suspended, the pound plunging and share prices falling amid fresh uncertainty about the economic impact of the decision to leave the EU. Funds responsible for investing some £14bn in shopping centres, office blocks and warehouses have […]

Economic Growth Failing To Deliver Prosperity For Many Africans, Study Says

Economic Growth Failing To Deliver Prosperity For Many Africans, Study Says

Decades of economic growth across Africa have failed to improve the lives of millions of people, according to a report (pdf). The Legatum Institute’s Africa prosperity index, published on Wednesday, rates countries by opportunity, freedom, education and security, as well as social bonds. It found that some African countries are much better at creating prosperity […]

The IMF Has Not Lived Up To Its Own Hype On Social Protection

The IMF Has Not Lived Up To Its Own Hype On Social Protection

The International Monetary Fund (IMF) seeks to promote growth and reduce poverty, but the social consequences of its reforms in the developing world have drawn much criticism. Yet, factsheets, discussion notes (pdf) and public statements tell us that the IMF is now a changed institution. Taking on board the many criticisms of its practices, the […]

2016 Risks Becoming The Year Of All Dangers For Africa

2016 Risks Becoming The Year Of All Dangers For Africa

For the past three weeks, most of the news coming from Africa has been negative. Dramatic images of terrorist attacks in Ivory Coast and Mali played out on TV, as did national elections in Niger, Benin and Congo, held in a climate of popular resentment and very low turnout. However, this is only the tip […]