Archive In BusinessRead the latest news for Business in Africa

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  Logistics & Transportation

  Imported Used Cars Are Fast Becoming Less Attractive To Nigerians. The Nigerian Automotive Council (NAC) has disclosed that the 35 percent levy on imported used cars will take effect from April 30th this year.
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  Energy

  The Decline In Oil Prices: An Opportunity For Producing Economies? A decade of elevated oil prices brought prosperity to many developing countries; incomes rose, poverty shrank, macroeconomic buffers were rebuilt.
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  Energy

  Egypt Repays $60m Debt To Dana Gas. Emirati Independent gas company, Dana Gas, has received $60 million in late payments from the Egyptian government.
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  Stocks & Bonds

  Four Nigerian Stocks With The Best Returns Last Year. Nigeria’s stock market endured a turbulent 2014, with N1.75 trillion ($9.5 billion) loss recorded by the country’s investors.
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  Energy

  Young Nigerian Billionaire To Build Africa’s Biggest Oil Storage Facility In Equatorial Guinea. billionaire Igho Sanomi, will be constructing a giant oil storage facility in the central African country of Equatorial Guinea, it said on Monday, adding that it will be the biggest facility of its kind in...
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  Energy

  Kenya Power Agrees $5m Deal With Asian Experts To Electrify Kenya’s Major Towns. Electricity providing firm, Kenya Power, has agreed a $4.9 million deal with the engineering division of the Singaporean government and a syndicate of Chinese electrical firms to set up electricity lines in five of Kenya’s major...
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  Logistics & Transportation

  Jambojet’s Regional Licence May Save Kenya Airways. The low-cost subsidiary of Kenya Airways (KQ), Jambojet, has been licensed to operate flights to nine major destinations in East Africa, a development that will ward off competition and boost the earnings of its loss making...
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  Retail & Manufacturing

  Why SPAR Is The Retail Chain To Watch In 2015. Dutch retail multinational, SPAR, will open up 35 new outlets this year as it continues to aggressively fight off competition and carve a profitable segment of the market for itself.
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  Finance

  Your Ideas Must Pass These Tests If You Intend To Run A Successful Business In 2015. It’s barely a week into the new year, and everyone from entrepreneurs to chief executives and even petty traders are getting big ideas on how to do more business.
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  M & A

  Kenya’s Britam Buys $31m Stake In Mortgage Firm From Equity Bank. Diversified financial services group, Britam has acquired 24.7 percent stake in mortgage finance institution, Housing Finance Ltd (HF).