Economy

Kenya Airports Authority closes section at Jomo Kenyatta International

The Kenya Airports Authority (KAA) has announced the temporary closure of a section of the Jomo Kenyatta International Airport (JKIA) following a fire incident early this morning.

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Rand edges higher ahead of rate decision

The South African Rand edged higher at the start of a week that will include the central bank's decision on its interest rates.

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MTN SA annual profit slumps on Naira devaluation

Africa's biggest telecoms operator MTN Group on Monday reported a 72.3% tumble in full-year profit as a sharp devaluation in the Nigerian Naira pushed its biggest unit MTN Nigeria to a loss.

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Skills development program targetted at young women launched in South Sudan

The Banat Power Initiative, founded by Emma Kwaje, has launched a call for participation to young girls in South Sudan.

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Nigeria gives businesses four years to adopt eco-friendly reporting standards

Nigeria this Friday said it will oblige companies to disclose their eco-friendly practices and how they manage the effects of climate change in their financial reporting within four years or face sanctions.

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Senegal Eurobonds fall as opposition candidate takes early Presidential poll lead

In a surprising turn of events, the financial markets reacted to the unfolding political landscape in Senegal, as preliminary results from the Presidential elections indicated a lead for opposition candidate Bassirou Diomaye Faye.

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Record cocoa prices, market turbulence propel systematic hedge funds ahead of peers

Record cocoa prices and markets whipped around by inflation and geopolitics helped hedge funds using systematic strategies outperform their peers in the first quarter, according to industry players and investors.

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Healthcare crisis deepens as Kenya Doctors' Strike enters second week

A nationwide strike by doctors has severely disrupted services at several government hospitals, already under strain from shortages of medicines and equipment.

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Jooste passing has no impact on Steinhoff investigation: FSCA

The Financial Sector Conduct Authority (FSCA) says that the passing of Markus Jooste does not have an impact on its ongoing investigation relating to Steinhoff.

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Nigeria's Naira firms after central bank clears FX backlog

Nigeria's Naira firmed to 1,312.51 per dollar during mid-day trades this Friday, LSEG data showed, after the central bank said late on Wednesday it had cleared its entire verified foreign exchange backlog.

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