On Thursday, President William Ruto of Kenya announced the government’s intention to privatize 35 state-owned companies. His administration is also considering the privatization of another 100 firms following the recent enactment of a law aimed at reducing bureaucratic processes. According…
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Ethiopia is preparing to introduce its local currency securities exchange platform next year, and as part of that preparation, it plans to loosen its prohibitions on foreign involvement in its domestic financial markets. Over the past two years, the nation…
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Ross Gerber, president and CEO of Gerber Kawasaki Wealth & Investment Management who has for years vocally supported Tesla stock as an investor himself and an advisor, told CNBC Thursday Musk has “already stepped aside” as CEO of the electric…
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The UK Supreme Court decided on Wednesday that an asylum agreement with Rwanda was illegal, noting the likelihood that refugees transported to Kigali may be repatriated to the countries from which they fled, subjecting them to even more harsh treatment.…
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The Indian wings of the three tech titans—Apple, Google, and Amazon—are currently under the scrutiny of the Income Tax Department. The probe, initiated in 2021, focuses on possible tax evasion committed by these multinational corporations. The crux of the investigation…
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The Nigerian government has revealed that Nigerians will be required to spend between N300,000 and N600,000 for the conversion of their petrol vehicles to Compressed Natural Gas (CNG). This was revealed by the Chief Executive Officer of the Presidential Compressed…
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Britain’s sluggish economy failed to grow in the July-to-September period but at least managed to avoid the start of a recession, figures from the Office for National Statistics showed on Friday. The 0% change in gross domestic product in the…
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From 1 December, Discovery Bank clients using physical credit cards – i.e., plastic – will earn a so-called “base rate” of just 1 Discovery Mile for every R100 spent, regardless of the type of account they hold or their Vitality…
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President William Ruto has announced that Kenya will repay $300 million of its $2 billion Eurobond in December, ahead of its June maturity date. The decision to repay the Eurobond comes after Kenya explored funding options, including seeking support from…
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When you look around Africa, you see several foreign car brands on the roads. It has been like this for years due to the continent’s large dependence on imported cars from Europe, Asia and America to meet its mobility needs.…
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