Barton Heyman

November 3, 2017

Nigeria Update: Alibaba says profit up 132% in ‘outstanding’ quarter

Chinese e-commerce giant Alibaba said on Thursday that soaring sales fuelled a 132 percent increase in net profit in what it called an “outstanding” quarter, as […]
November 3, 2017

Nigeria Update: NB, International Breweries, others lead N3b stock market loss

Despite price gains outweighing losses, equity transactions on the stock market closed on a downward note yesterday, as major highly capitalised stocks, especially Nigerian Breweries (NB), […]
November 2, 2017

Africa Update: South Africans will pay VAT of 14% on wholewheat bread

Consumers can expect to feel the pinch once the proposed scrapping of VAT zero rating on certain categories of bread which previously qualified as brown bread. […]
November 2, 2017

Africa Update: IMF lowers forecast for Rwanda’s 2017 GDP growth from 6.2% to 5.2%

The International Monetary Fund issued a revised forecast for Rwanda’s gross domestic product this year, lowering its projected growth from 6.2 percent to 5.2 percent. “We […]