Average Yields Drop On Egypt’s Three- and Nine-Month T-Bills
Average yields on Egypt’s three-month and nine-month treasury bills fell at an auction on Sunday, data from the central bank showed. The average yield on the 91-day bill slipped to 18.976 percent, from 19.501 percent at the last similar auction and the yield on the 266-day bill fell to 18.661 percent from 19.356 percent. Demand […]
Bob Diamond Sees Brexit’s Impact More Profound Than Expected
Bob Diamond, the architect of Barclays Plc’s investment bank over more than a decade in London, said the British capital will be hurt more than people expect from Brexit, with lawyers likely to join bankers in moving away. “People are beginning to understand Brexit is going to be far more profound and long-lasting than they […]
Dynamic Ways To Serve Your Clients
1. Always Available Wins The Game Clients like to know that people are available to them — always be available to respond to their needs, whether tTThey are asking about shipment dates or product features. Answer phone calls, emails and texts as quickly as possible, but certainly within 24 hours. If a client is asking about […]
Botswana’s Ailing Copper Town Gets Lease of Life From Texas
Brite Star Aviation of Texas has signed an agreement with several Botswanan government agencies to build a 1.4 billion pula ($139 million) manufacturing and assembly plant in Selebi-Phikwe, the north-eastern mining town devastated by the closure of its copper and nickel mine. Brite Star, a closely held company based in Fredericksburg, plans to arrange funding in […]
Steinhoff’s African Listing Overshadowed By Europe Woes
A German investigation into alleged accounting fraud by senior managers at Steinhoff’s European operations couldn’t have come at a worse time for its top shareholder Christo Wiese. The South African retail magnate is about to split Steinhoff’s African businesses so investors can better judge the value of its faster-growing ones in the United States, Europe […]
Zambian President Tells Glencore Unit To Accept New Power Prices
Zambian President Edgar Lungu has told Glencore’s Mopani Copper Mines (MCM) unit to accept higher electricity prices caused by the removal of state energy subsidies, his spokesman said on Saturday. Copperbelt Energy Corp. (CEC), which buys power from the state-owned electricity company and sells it to mines, slashed the supply to Mopani to 94 […]
AngloGold Ashanti Swings To H1 Loss On Job Cuts, Lawsuit
South Africa’s AngloGold Ashanti reported a first-half loss on Monday on costs related to layoffs and money set aside for litigation, but stuck to its full-year targets. Shares in Africa’s biggest gold miner were down 3.2 percent to 130 rand at 0903 GMT, while the wider sector was off 1 percent. AngloGold said it made […]
Tanzania Hands Mining Company $190 Billion Tax Bill
Tanzania sent Acacia Mining Plc a tax bill equal to almost two centuries worth of the gold producer’s revenue. The government issued the company, which mines all of its gold in the African country, with a $40 billion tax bill and another $150 billion in interest and penalties, Acacia said in a statement Monday. The […]
Barclays Africa to Fight $86 Million Payout Over Bankorp
Barclays Africa Group Ltd., the South African bank formerly known as Absa, will go to the country’s high court to challenge a decision that it should pay the government 1.125 billion rand ($86 million) over the apartheid-era acquisition of Bankorp Ltd. “This is due to numerous misrepresentations and factual inaccuracies which form the basis of […]
Botswana’s BCL To Be Sold Off Piecemeal After Sale Talks Fail
Collapsed state-owned Botswanan copper and nickel producer BCL Limited will be sold off piecemeal after the company failed to find a buyer, its liquidator said on Friday. BCL was placed under provisional liquidation in October after the government said it could not afford the 7 billion pula ($685 million) needed to keep the company running. […]
Ibukunoluwa: 
Iyanuoluwa Isinkaye: 
Rachael: 