Year 6 | Edition 14 | 7 May 2019
 

South African Airways set for direct flights from Johannesburg to Guangzhou China

South African Airways (SAA) is set to introduce direct flights between Johannesburg and Guangzhou in China.

“The decision to launch this direct service between Johannesburg and Guangzhou means we remain on track in executing our strategy to transform SAA into a 'fit for the future' airline that will operate both efficiently and competitively,” said SAA Chief Executive Officer Vuyani Jarana...

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[Column] Phyllis Wakiaga: What does the future hold for the East African Market?

As far as trading blocs go, the European Union (EU) has been a global case study of turning a free market into a common market.

Faced with notable challenges in the integration process such as the consecutive crises in the Exchange Rate Mechanism in the early 90’s, the EU defied all odds and continued to expand in depth and geography in a historic feat...

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IM swap fraud: A new wave of attacks targeting financial and online services in Africa

Kaspersky Lab experts have sounded the alarm on the wide spread growth of mobile payments across the globe and the many cyber risks that surround such technology. Especially the recent SIM swap fraud wave, which have become very common in Africa and the wider region.

In South Africa this type of fraud more than double in the last year, according a report of South African Banking Risk Information Centre (SABRIC)...

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Egypt’s ready-made garments exports record $406million revenue in quarter one of 2019

Egypt’s ready-made garments exports have increased two percent in the first quarter of 2019 to reach $406 million compared to $397 million in the same period of 2018, the Textile Export Council has said in a new report.

The sector's exports declined 0.4 percent in March 2019 to reach $129 million compared to 130 million in the same month of 2018...

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Petroleum agreement between South Sudan and South Africa a boost to South Sudan’s economic revival

The signing of the new exploration and production sharing agreement (EPSA) between South Sudan and South Africa’s Strategic Fuel Fund (SFF) is seen as a boost to the oil sector and promotes peace and stability within the country.

This landmark oil deal marks yet another achievement for Africa’s growing energy investments and will provide further boost to South Sudan’s economic revival...

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The 5th China-Africa Enterprises Convention | 8 - 12 June 2019 | Shanghai | China

The China-Africa Enterprises Convention, which will be held from June 8 to 12, 2019 in Shanghai, China, is an opportunity for African companies to trade and establish strategic partnerships with Chinese companies, to learn from Chinese companies experience and find investment opportunities with Chinese and African investors.

The event, which is in its 5th edition, is organized by Reliconn (a Shanghai-based consulting firm), with the support of the Organizing Committee of the China International Consumer Goods Fair (CICGF), which is one of the of the 4 biggest fairs of China...

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News Headlines

[Kenya] Capital Markets Authority set to recover Ksh208 million from illegal trading in fixed income securities 17-05-2019 | 13:09:00
Kenya’s Capital Markets Authority has taken enforcement action against Mr. Rodrick Muhoro, a bond trader, following conclusion of investigations with respect to allegation of irregular trading of Government Securities.


Emirates mulls growing African footprint 17-05-2019 | 11:11:00
Dubai based airline Emirates is considering flight frequencies to key African destinations including Morocco, Ghana, Senegal, Egypt, and South Africa as it sees potential for growth in Africa.


[Nigeria] Ebenezer Onyeagwu appointed CEO of Zenith Bank 17-05-2019 | 06:28:00
Nigeria’s multinational financial service provider Zenith Bank Plc. has announced the appointment of Mr. Ebenezer Onyeagwu as the Group Managing Director/CEO of the bank effective June 1, 2019.


[Kenya] Capital Markets Authority licenses Jubilee Financial Services to operate as a fund manager 17-05-2019 | 06:15:00
The Board of the Capital Markets Authority (CMA) has approved the grant of a license to Jubilee Financial Services Limited to operate as a fund manager having met all requirements.


[Uganda] KCCA flags off construction of five roads 16-05-2019 | 14:00:00
The Kampala Capital City Authority (KCCA) has flagged off a new set of roads to two international firms to start construction work.


Bank of Mauritius bags Best Central Bank for Corporate Governance, Indian Ocean 2019 Award 16-05-2019 | 12:13:00
The International Business Magazine has conferred upon the Bank of Mauritius its Award for ‘Best Central Bank for Corporate Governance Indian Ocean 2019’.


AGRA, UPL partner to increase Africa smallholder farmers’ access to yield-enhancing technologies 16-05-2019 | 10:07:50
Thousands of smallholder farmers are set to benefit from increased access to technologies that support yield increase.


Mahindra South Africa enters farming equipment business 16-05-2019 | 10:03:39
In its endeavour to establish South Africa as its home outside India, Mahindra South Africa has announced entry into its fourth business line, by introducing its range of farming equipment.


CBK and Bank of Mauritius brainstorm to deepen cooperation 16-05-2019 | 08:47:00
The Central Bank of Kenya (CBK) and the Bank of Mauritius held a brainstorming session with a view to enhancing cooperation between the two central banks.


NAS and LAM joint venture to operate airport lounges across Mozambique 16-05-2019 | 08:29:00
National Aviation Services (NAS), has announced a joint venture (JV) agreement with Linhas Aéreas de Moçambique (LAM), the Mozambique flag carrier, to provide management services of the Flamingo lounges in Mozambique.


Société Pétrolière expands liquefied petroleum gas business in Rwanda 16-05-2019 | 07:22:00
Société Pétrolière Ltd,SP, the East Africa mid and downstream oil company, has installed eight Liquified Petroleum Gas storage and cylinder filling plants across Rwanda.


BBOXX and Victron Energy to deliver pay-as-you-go solar solutions in DR Congo 16-05-2019 | 07:19:00
BBOXX, a provider of off-grid solar home solutions for rural communities in Africa has entered into an agreement with Victron Energy to provide solar solutions to households across Democratic Republic of Congo.


[South Africa] Trade Minister gazettes the draft B-BBEE Chartered Accountancy Sector Code 16-05-2019 | 06:39:00
Members of the public have until 23 June 2019 to make inputs and comments on the Draft Broad-Based Black Economic Empowerment (B-BBEE) Chartered Accountancy Sector Code.


IFC, SECO partner to address water scarcity in South Africa 16-05-2019 | 06:17:00
IFC, a member of the World Bank Group and Switzerland’s State Secretariat for Economic Affairs (SECO), launched a program aimed at addressing water scarcity in South Africa’s agribusiness sector.


Capital Markets Authority licenses AFG Wealth Kenya as an investment adviser 15-05-2019 | 13:15:00
The Board of the Capital Markets Authority (CMA) has approved the grant of a license to AFG Wealth Kenya Limited to operate as Investment Adviser in Kenya bringing the number of investment advisers to 15.


 


 
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