African Perspectives

Russian firm pulls out of Uganda’s $4 billion oil refinery, FG To Borrow N395bn Via Bonds, Barclays Africa appoints Peter Matlare as its deputy CEO, Power: FG Eyes Offshore, Inland Basin Gas Reserves, African Bank offers to buy back $500m of bonds, Vodacom CFO to replace Safaricom's finance chief, Taxi-hailing app Taxify sets up operations in Nairobi, New Code Will Separate Roles Of Chairman And CEO – NCC --- Support this podcast: https://anchor.fm/africanperspective/support

Old Mutual to retain ‘strategic minority stake’ in Nedbank, Stocks: Analysts Expect Cautious Trading This Week, Fish firm denies owing fallen Imperial Bank Sh10bn, British shares bounce back a little from Brexit dive, NSE facilitates N11tn securities investment in 10 years, Royal Bafokeng and Liquid Telecom to buy stake in Neotel, Small-scale farmers to start paying income tax, President Jacob Zuma arriving in Botswana last night, ahead of the SADC Double Troika scheduled for 28 June 2016 --- Support this podcast: https://anchor.fm/africanperspective/support

Energy investors’ big plans for Africa, Shareholders block transfer of Imperial Bank assets to NIC, Nigerian firm cuts gas supply to Ghana, M Oriental Bank cuts out ATMs as it sets sights on family businesses, CIS endorses CBN’s floating exchange rate policy, SABMiller is seen as a cut above its proposed parent company, NPA boss foresees 2016 revenue rising as naira floats, German airline launches second Mombasa flight --- Support this podcast: https://anchor.fm/africanperspective/support

Level of violence in Tshwane ‘not anticipated’ says David Mahlobo, FG To Raise Foreign Borrowing To 40%, Liquidation looms with NIC set to take over Imperial Bank, Vodacom recruit a dilemma for MTN, Rising inflation may sink JSE, NNPC targets profitability by end of 2016, IMF wants interbank interest rate controlled --- Support this podcast: https://anchor.fm/africanperspective/support

Financial Institutions Key To SDGs Attainment – Minister, How piling debt is taxing economy, Relief for Imperial Bank depositors as NIC takes charge, Nigeria’s economy attracts $77bn foreign investments in six years, Treasury calls for carbon tax comment in South Africa, CAP Plc records improved results, pays N1.645bn dividend, Airtel wins Sh531m tax demand case --- Support this podcast: https://anchor.fm/africanperspective/support

Investors braced for Brexit referendum, Stock Market Maintains Upward Streak, Rallies 8% In 3 Days, US urged to take lead from SA in dealing with brewers’ merger, Uchumi set to shut down over debts, EU Woos Nigeria With N1.4tn EPA Offer, 600,000 face hunger as drought hits West Pokot, British firms could relocate here, Davies quips, NNPC Unpaid Bills Hit $1.8bn, New KCC sponsors 88 farmers for tour to boost production --- Support this podcast: https://anchor.fm/africanperspective/support

Government working hard to promote confidence in the economy – Zuma, Ghana's purchasing power among the lowest in Africa, CBN Empowers Entrepreneurs, Commences Training For YEDP Applicants, Andela Raises $24 Million From Mark Zuckerberg And Priscilla Chan's Fund To Train African, Senate constitutes committee to probe non-remittance of N1tn by NNPC, Five airlines express interest in buying majority stake in KQ, Malema says EFF is not fighting against white people, Trade ministry drafts rules for commodities exchange, Stocks gain as CBN says market will determine naira rate --- Support this podcast: https://anchor.fm/africanperspective/support

Rwanda economy grows by 7.3pc in first quarter, Sliding economy puts brakes on retail sales, FG of Nigeria secures N90bn conditional loan for states, Oil prices drop further on supply, Britain EU exit fears, Germany, China eye joint business efforts in Africa, Asia, SA has huge wind energy potential, says Nordex, Nigeria allows naira to float against US dollar --- Support this podcast: https://anchor.fm/africanperspective/support

Constitutional Court clears the way for August 3 elections, World Bank releases $39m for Madama projects, Table motion on poll reform, MPs told, Nkandla architect and top public works officials to escape prosecution, No respite for capital market this week – Analysts, Armscor charter aims to boost market access, Lufthansa steps up focus on Nairobi route, Big malls eye SMEs as competition for tenants hots up --- Support this podcast: https://anchor.fm/africanperspective/support

E-tolls may be fairer but World Bank has doubts about future, Local Firms Pay More For Gas Than Foreign Buyers, Stocks plunge further amidst bleak economic outlook, Longhorn acquires majority stake in Law Africa Publishing, NCIC to summon Moses Kuria, Kimani Ngunjiri, FG generates N586.17bn from taxes in 90 days, Ireland exports to Kenya increase to Sh10bn, Nonexecutive directors paying double tax: your troubles may soon be over --- Support this podcast: https://anchor.fm/africanperspective/support

Safaricom to launch Uber rival taxi app service, Nigeria can earn $100bn annually from non-oil sector – Awolowo, Easing inflation gives Lesetja Kganyago a little more wiggle room, Govt scraps porting fees for mobile phone users, US, Indian refiners shun Nigeria’s oil amid outages, Poor economy fuelling protests and criticism, says ANC, Tiger says exit from Ethiopia does not signal a retreat from the rest of Africa, NNPC lost N19.43bn in April – Report --- Support this podcast: https://anchor.fm/africanperspective/support

Rotich waited for an hour to read the budget speech, BoI disburses N83.5bn to 776 enterprises in 2015, posts N44.7bn profit, World Bank Cuts 2016 Global Growth Forecast To 2.4%, Oil Hits 2016 High On Nigeria Supply Disruptions, Africa needs a skills revolution, says Dlamini-Zuma, Ramaphosa urges action as GDP shrinks, Inflation bites into house price increases, No more cuts during network maintenance, says Kenya Power, Al-Shabaab raids Ethiopian army base, South Africa terror alerts spark diplomatic tensions, Without a Cabinet, Museveni reads own budget as opposition protests --- Support this podcast: https://anchor.fm/africanperspective/support

Zambia shortlists bidders to build two large-scale solar plants Low Cost Private School Firm Bridge International Keen On Liberia Despite Opposition Brainworks Takes Over Nettcash Zimbabwe Funds transfer: WorldRemit partners with MTN in Ivory Coast KFC closes all shops in Botswana – press statement Letshego sets up Sh16bn mortgage for low-income housing in Kenya Chemelil Sugar Company Kenya is insolvent, says Ouko in audit report IATA calls on Venezuela, Nigeria to release foreign airline revenues Trade Union Congress (TUC) to acquire 57% stake in Unity Bank Nigeria GSK Nigeria seeks shareholders approval to sell Lucozade, Ribena Access Bank Partners Wapic, Ghana Life For Bancassurance Ghana’s ADB Confirms Investor Refund After Rejected Share Sale Ghana Cocobod to Start $2b Syndicated Loan Roadshow This Month U.S. Blockchain App To Launch Public Ledger For Real Estate In Ghana Ghana Military obtains license to operate Savings & Loans company Mahindra mulls local assembly in South Africa Naspers invests

We do a round up of major business stories that came from across Africa during the week between Monday 23rd to Friday 27th May 2016. With fuel price hike, food prices go haywire in Nigeria MMI Holdings Limited increases its stake in United Metropolitan Nigeria Life Insurance Limited to 100% Nigeria Sees Growth of 4% in 2017 After Reforms Lagos Consortium Agree to Construct N844 Billion 4th Mainland Bridge Alexandria Cement ,Egypt obtains LE150m loan from HSBC CIB,Egypt extends SPA period for CI Capital deal till June 9 Kenyan Investors Urge President, Opposition Talk on Elections Texton buys two property portfolios in South Africa and UK BTG Said to Seek Sale of Stake in Petrobras, SA Joint Venture Orange, SA Said to Mull Bid for Some Millicom Assets in Africa The South Africa Foschini Group Paid 4.4m Pounds for U.K. Chain Whistles Botswana Government to Sell BCL Mine to Strategic Partner Ugandan Power Distributor Umeme Seeking Funds To Invest On Network £2bn set aside for solar energy in Africa Banks in

Kenyan milk prices second highest in Africa, World Bank lauds Ghana's Prof Eric Danquah, Nigeria suspends talks with MTN, Too Late to Revive Bulawayo Textile Industry, Malawi to Have New Chileka Airport, Kia Terminal to Be Refurbished, SA’s creditworthiness under scrutiny by S&P, Nigeria faces recession as GDP shrinks, --- Support this podcast: https://anchor.fm/africanperspective/support

Ghana businesses asked to take advantage of tax reforms to maximize returns, Junior workers bleed KRA as probe targets managers, After Ebola outbreak, World Bank creates 'pandemic insurance plan', FG to set deadline for NNPC, refineries’ privatization, Government to limit farm sizes to speed up land reform, CBN disburses N55bn to 24 power firms as FG seeks improved supply --- Support this podcast: https://anchor.fm/africanperspective/support

Bank of Ghana stays policy rate at 26%, says economy turning the corner, Nigeria: Fuel Price Hike - Reps Ask NLC to Suspend Planned Strike, to Meet Labour Leaders, Rwanda opens pioneering methane electricity plant - will also reduce of natural disaster, Gauteng begins licensing Uber driver partners as company plans for new jobs from food to parcel deliveries, Organisations seek Nema approval to grow GMO crops, --- Support this podcast: https://anchor.fm/africanperspective/support

Moody’s downgrades Nigeria’s Sovereign Issuer Rating to ‘B1’, US urges Ghana not to miss out on $500m MCC compact, Gordhan confident of meeting fiscal targets, DTB raises stake in Uganda unit with Sh1.1bn injection, Kenyan MPs to vote afresh for gender Bill, Nigeria’s Manufacturing Index declines in April, South Africa's PIC to invest $4.7 billion and stimulate jobs, growth, C. African Republic’s capital exposed to severe power outage --- Support this podcast: https://anchor.fm/africanperspective/support

Nigerian Interbank rate falls on budget, treasury bill funds, Kenyan Banking industry growth stagnates as lenders go down, South Africa relaxes visa rules for Kenyan travelers, third African Islamic Finance Summit in Dar es Salam - Tanzania on May 19-20, 2016, Chase Bank clients take out Sh1.6bn in three days, Rand worst performer as commodities slump, Investment Opportunity: Ivory Coast Electricity, Water Monopoly Could Be Ending --- Support this podcast: https://anchor.fm/africanperspective/support

Ethiopia close to kick-starting $150b green economy, Mauritania gold rush: Diggers require official authorization, South Africa delegation poised for economic forum in Rwanda, Panama Papers: Liberia Defends Its Record As A Tax Haven, UN Security Council to visit Somalia, Loans window opens for Chase Bank clients, Aviation passenger traffic in Nigeria dipped by 0.4% in Q4 2015, Solar energy could earn Ghana $38m yearly --- Support this podcast: https://anchor.fm/africanperspective/support