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 […]
October 26, 2017

Africa Update: West African leaders plan shared currency by 2020

A group of four West African presidents said on Tuesday they planned steps to accelerate the creation of a shared currency for the 15-country ECOWAS bloc […]
October 24, 2017

Africa Update: African Rainbow Minerals fires KPMG as auditor

South African miner African Rainbow Minerals dropped KPMG as its auditor on Monday, joining a host of other local companies breaking ties with the firm caught […]
October 19, 2017

Africa Update: UK telco giant Vodafone sells $1 billion Safaricom shares (Kenya)

UK telecoms giant Vodafone has indirectly sold shares worth Sh117.5 billion in Safaricom  in a complex transaction that has allowed it to take profits from its investment […]