Markets
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List of Dominating Pay-TV in Tanzania
Azam TV has made strides in Tanzania, challenging major Pay-TV industry players such as DStv, a company with a pan-African…
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Strong Economic Data Boosts Bullish Sentiment in Oil Markets
The stronger-than-expected performance of the US economy has boosted oil prices to their highest level this year, not many analysts…
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Ivory Coast Raises $8 Billion in Oversubscribed $2.6 Billion Bond Offering
Ivory Coast has made comeback to the international bond market, issuing its first dollar bonds since 2017 and managed to…
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Oil Losses Drag as Brent Crude Goes for $78 per barrel
An initial assessment of oil prices on Monday, Jan 22, revealed that the price of Brent crude was $78.47 per…
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Kenya overtakes Nigeria in Startup Funding with $800 Million Raised
Kenya surpassed Nigeria as the top destination for startup funding in Africa in 2023, with about $800 million raised by…
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Nigeria Grappling With Forex Shortage to Clear Backlog – Fitch
Fitch announced Thursday that the Central Bank of Nigeria (CBN) is still grappling with a foreign exchange shortage needed to…
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Cytonn Fails to Stop its 40-acre Land Takeover
The High Court has granted permission to the Official Receiver to assume control of a 40-acre land in Ruiru, Kiambu…
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China’s Total Export, Import Value Generally Stable in 2023: Official
China’s total import and export value had remained stable in general with an improving trading structure in 2023, said an…
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Kenya Shilling Gains 0.18% in Value Against US Dollar
The Kenya shilling held steady against the US Dollar, opening Monday at 159.6 units, a slight improvement from its closing…
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Rwanda to Invest $2.37 Billion to Boost Mining Sector
The Rwanda Mines, Petroleum and Gas Board (RMB) has embarked on a three-year research initiative to assess the estimated mineral…
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