Business

Trending stories

More

Latest stories

1m
Quartz
Lots of banks destroy value—but few do it with as much panache as Deutsche BankDeutsche Bank had a torrid time during the financial crisis—in 2008, it lost ne
Lots of banks destroy value—but few do it with as much panache as Deutsche Bank
Quartz / Posted a minute ago
Deutsche Bank had a torrid time during the financial crisis—in 2008, it lost nearly €4 billion ($5.9 billion at the time). Things haven’t gotten much better since. In fact, they are much, much worse. The bank’s share price dropped to a new all-time... Read more
2m
guardian-series
IN PICTURES: Travellers move onto industrial estateTravellers have moved onto an Enfield industrial estate. Around 20 caravans ha
IN PICTURES: Travellers move onto industrial estate
guardian-series / Posted 2 minutes ago
Travellers have moved onto an Enfield industrial estate. Around 20 caravans have moved onto an empty lot on Stonehill Business Park in Edmonton, and have reportedly been there since Wednesday (September 21). There is a large amount of rubbish on... Read more
2m
guardian-series
Aldi to preserve 'significant price advantage' amid record sales of £7.7bnThe British arm of Aldi has said it will invest £300 million in store revamps a
Aldi to preserve 'significant price advantage' amid record sales of £7.7bn
guardian-series / Posted 2 minutes ago
The British arm of Aldi has said it will invest £300 million in store revamps after posting another year of record sales, although profits were again hit by the supermarket price war. The cash will be used to spruce up its fixtures for beers, wines... Read more
2m
asianage
Start-ups can take long-term risk with Indian money: Nandan NilekaniOn several start-ups shutting shop, the brain behind Aadhaar said it's the natu
Start-ups can take long-term risk with Indian money: Nandan Nilekani
asianage / Posted 2 minutes ago
On several start-ups shutting shop, the brain behind Aadhaar said it's the nature of the business. Hyderabad: Infosys co-founder Nandan Nilekani is all for Indian start-ups, saying they have entered an 'exciting phase' with focus on India-specific... Read more
3 related stories
3m
asianage
Start-ups can take long-term risk with Indian money Nandan NilekaniOn several start-ups shutting shop, the brain behind Aadhaar said it's the natu
Start-ups can take long-term risk with Indian money Nandan Nilekani
asianage / Posted 3 minutes ago
On several start-ups shutting shop, the brain behind Aadhaar said it's the nature of the business. Hyderabad: Infosys co-founder Nandan Nilekani is all for Indian start-ups, saying they have entered an 'exciting phase' with focus on India-specific... Read more
3 related stories
3m
AllAfrica.com
'Sudanese Expats Largest Source of Hard Currency'Khartoum — The remittances sent home by Sudanese expatriates form the largest s
'Sudanese Expats Largest Source of Hard Currency'
AllAfrica.com / Posted 3 minutes ago
Khartoum — The remittances sent home by Sudanese expatriates form the largest source of hard currency for the country, says economic analyst Abdelhadi Ibrahim Abdallah. The Sudanese government recently agreed to a package of measures to halt the rise... Read more
3m
AllAfrica.com
Tanzania to Issue Telcos With Separate Licences for Mobile Money PlatformsTanzania plans to issue separate licences to mobile phone companies running mon
Tanzania to Issue Telcos With Separate Licences for Mobile Money Platforms
AllAfrica.com / Posted 3 minutes ago
Tanzania plans to issue separate licences to mobile phone companies running money transfer services in a move to secure customers' interests. The unbundling of mobile money from telephone companies is expected to come into effect from next year,... Read more
3m
Greenock Telegraph
Aldi to preserve 'significant price advantage' amid record sales of £7.7bnThe British arm of Aldi has said it will invest £300 million in store revamps a
Aldi to preserve 'significant price advantage' amid record sales of £7.7bn
Greenock Telegraph / Posted 3 minutes ago
The British arm of Aldi has said it will invest £300 million in store revamps after posting another year of record sales, although profits were again hit by the supermarket price war. The cash will be used to spruce up its fixtures for beers, wines... Read more
38 related stories
3m
Detroit Free Press
AAA: Michigan average gas prices fall 6 centsAAA Michigan says gas prices statewide have fallen by about 6 cents per gallon
AAA: Michigan average gas prices fall 6 cents
Detroit Free Press / Posted 3 minutes ago
AAA Michigan says gas prices statewide have fallen by about 6 cents per gallon in the past week. The Dearborn-based auto club says the average price for self-serve regular unleaded gasoline was about $2.17 per gallon on Sunday. That’s about 27 cents... Read more
3 related stories
3m
DW
Air Berlin said to weigh massive downsizing |German daily newspaper Süddeutsche Zeitung reported Monday, that the struggling
Air Berlin said to weigh massive downsizing |
DW / Posted 3 minutes ago
German daily newspaper Süddeutsche Zeitung reported Monday, that the struggling German airline was aiming to reduce its payroll by 1,000 jobs and downsizing its fleet to about 70 airplanes by the end of 2016. The Munich-based newspaper cited... Read more
3m
AllAfrica.com
City Hall Threatens Court Actions Against Govt Over Sh62 Billion Unpaid RatesNairobi — The Nairobi County Government is threatening to take the National Gov
City Hall Threatens Court Actions Against Govt Over Sh62 Billion Unpaid Rates
AllAfrica.com / Posted 3 minutes ago
Nairobi — The Nairobi County Government is threatening to take the National Government to court over a debt of Sh62 billion in rates arrears. A notice in the local dailies indicated that the Department of Defence is the highest defaulter owing City... Read more
3m
AllAfrica.com
Housing Deficit - FG Seeks Chinese FundingIn its quest to bridge the housing deficit in Nigeria, the Federal Government h
Housing Deficit - FG Seeks Chinese Funding
AllAfrica.com / Posted 3 minutes ago
In its quest to bridge the housing deficit in Nigeria, the Federal Government has solicited the support of China-Africa Development Fund (CADFund) to finance housing development in the country. Head of Service of the Federation (HoS), Mrs. Winifred... Read more
3m
AllAfrica.com
Tie Dubai Signed As Startup Ecosystem Partner At Gitex 2016The Dubai Chapter of The Indus Entrepreneurs (TiE Dubai) has been signed on as
Tie Dubai Signed As Startup Ecosystem Partner At Gitex 2016
AllAfrica.com / Posted 3 minutes ago
The Dubai Chapter of The Indus Entrepreneurs (TiE Dubai) has been signed on as the Startup Ecosystem Partner for the upcoming Gitex 2016 scheduled to be held from 16 to 20 October 2016 in Dubai. As part of its partnership with Gitex, TiE Dubai,... Read more
3m
AllAfrica.com
Airtel Uganda Softens On Airtime BorrowingKampala — For the first time in the Ugandan telecommunications industry, subscr
Airtel Uganda Softens On Airtime Borrowing
AllAfrica.com / Posted 3 minutes ago
Kampala — For the first time in the Ugandan telecommunications industry, subscribers will be able to borrow airtime more than once, thanks to Airtel Uganda's newly revamped 'Beerako' service. Beerako' is a service that allows customers to borrow... Read more
3m
AllAfrica.com
Why Ikoyi Apartments Are Unoccupied - DeveloperAmid increasing glut in the Nigeria's property market as a result of the econom
Why Ikoyi Apartments Are Unoccupied - Developer
AllAfrica.com / Posted 3 minutes ago
Amid increasing glut in the Nigeria's property market as a result of the economic recession currently facing the country, the Chief Executive Officer of Sujimoto Construction Limited, a Lagos-based real estate development company, Mr. Sijibomi... Read more
4m
AllAfrica.com
Govt Targets Single-Digit Mortgage Rates in New Housing InitiativeThe Federal Government is targeting the provision of mortgages at single digit
Govt Targets Single-Digit Mortgage Rates in New Housing Initiative
AllAfrica.com / Posted 4 minutes ago
The Federal Government is targeting the provision of mortgages at single digit interest rates and long tenor as it plans to unveil a new housing finance initiative. Minister of Finance, Kemi Adeosun, revealed this at the recently concluded 32nd... Read more
4m
AllAfrica.com
Victim Testifies in U.S.$460,000 Fraud CaseThe trial of an Indian woman and her son accused of selling her late husband's
Victim Testifies in U.S.$460,000 Fraud Case
AllAfrica.com / Posted 4 minutes ago
The trial of an Indian woman and her son accused of selling her late husband's business, which was part of an unregistered estate resumed last Thursday with the complainant telling the court that he paid the pair $250 000. The suspects, Nighert... Read more
4m
AllAfrica.com
Govt to Bolster Zimra OperationsGovernment will continue strengthening the Zimbabwe Revenue Authority's (zimra)
Govt to Bolster Zimra Operations
AllAfrica.com / Posted 4 minutes ago
Government will continue strengthening the Zimbabwe Revenue Authority's (zimra) operations in an effort to fight corruption at the country's border posts, Finance and Economic Development Minister Patrick Chinamasa said last Friday. His remarks come... Read more
4m
AllAfrica.com
Forex - Clamour for Improved Disbursement of $21 Billion RemittancesIn an apparent bid to enhance supply of foreign exchange to the bureau de chang
Forex - Clamour for Improved Disbursement of $21 Billion Remittances
AllAfrica.com / Posted 4 minutes ago
In an apparent bid to enhance supply of foreign exchange to the bureau de change, BDC, segment of the foreign exchange market, Central Bank of Nigeria (CBN) last month directed that banks should sell $50,000 from proceeds of international money... Read more
4m
AllAfrica.com
CBD Development Faces ChallengesGaborone — There are still some challenges that need to be attended to towards
CBD Development Faces Challenges
AllAfrica.com / Posted 4 minutes ago
Gaborone — There are still some challenges that need to be attended to towards the development of Gaborone Central Business District (CBD), Minister of Lands and Housing, Mr Prince Maele has said. Speaking at CBD official launch on Friday September... Read more
2 related stories
4m
AllAfrica.com
Bank Windhoek Holdings Transforms Into Capricorn GroupWindhoek — Bank Windhoek Holdings Limited (BWH) took on its new name and brand
Bank Windhoek Holdings Transforms Into Capricorn Group
AllAfrica.com / Posted 4 minutes ago
Windhoek — Bank Windhoek Holdings Limited (BWH) took on its new name and brand at a stakeholder event on September 22, following the approval of shareholders at the end of August 2016 to officially change the name. BWH is now known as Capricorn... Read more
4m
AllAfrica.com
SA's Debt to GDP Highest Among Emerging Market PeersAt 48% South Africa has one of the highest debt as a percentage of GDP among em
SA's Debt to GDP Highest Among Emerging Market Peers
AllAfrica.com / Posted 4 minutes ago
At 48% South Africa has one of the highest debt as a percentage of GDP among emerging market economies, according to an Allianz Global Wealth report. South Africa's debt per capita stands at R31 856 (€2 070) - which is significantly higher than the... Read more
4m
AllAfrica.com
Sale of National Assets - Prepare for Mass Revolt, United Labour Tells FGBy Victor Ahiuma-Young, Dapo Akinrefon and Johnbosco Agbakwuru Organised Labou
Sale of National Assets - Prepare for Mass Revolt, United Labour Tells FG
AllAfrica.com / Posted 4 minutes ago
By Victor Ahiuma-Young, Dapo Akinrefon and Johnbosco Agbakwuru Organised Labour, weekend, advised the Federal Government to jettison planned sale of national assets, to avoid mass revolt and civil unrest that will be worse than the anti-SAP riots of... Read more
4m
AllAfrica.com
Danish Envoy Commends Dar's Initiatives to Uplift Small FarmersKaratu — Danish Ambassador to Tanzania Einar Jensen has commended initiatives t
Danish Envoy Commends Dar's Initiatives to Uplift Small Farmers
AllAfrica.com / Posted 4 minutes ago
Karatu — Danish Ambassador to Tanzania Einar Jensen has commended initiatives to support farmers in the country, describing the move as an effective strategy to attain Sustainable Development Goals (SDGs) number one and two. Goal number one of the... Read more
4m
AllAfrica.com
Court of Appeal Dismisses MPs Oil Tanzania Ltd ApplicationThe Court of Appeal has dismissed an application by MPS Oil Tanzania Limited an
Court of Appeal Dismisses MPs Oil Tanzania Ltd Application
AllAfrica.com / Posted 4 minutes ago
The Court of Appeal has dismissed an application by MPS Oil Tanzania Limited and its two officials, Amran Talib and Asile Mousud, seeking to oppose a decree for 2,563,675 US dollars (over 5bn/-) payments to Citibank Tanzania Limited. Justice... Read more
4m
AllAfrica.com
The Nuclear Build Risk Is Not Yours to Take, Mr MolefeI find it quite alarming and disturbing when Eskom's CEO, Brian Molefe, issues
The Nuclear Build Risk Is Not Yours to Take, Mr Molefe
AllAfrica.com / Posted 4 minutes ago
I find it quite alarming and disturbing when Eskom's CEO, Brian Molefe, issues statements that "South Africa's nuclear build programme doesn't need to be funded by the fiscus, and that there are potential financiers who would be willing to take the... Read more
4m
AllAfrica.com
More Job Cuts Loom As 3 Banks Seek More Funds Over Biting Forex Woes, DevaluationBy Peter Egwuatu and Ediri Ejoh Three banks have to raise additional funds in
More Job Cuts Loom As 3 Banks Seek More Funds Over Biting Forex Woes, Devaluation
AllAfrica.com / Posted 4 minutes ago
By Peter Egwuatu and Ediri Ejoh Three banks have to raise additional funds in 2016/17 financial year in order to meet and sustain their Capital Adequacy Ratio, CAR, which has come under pressure. This follows the devaluation of the Naira and a... Read more
4m
AllAfrica.com
China Signs Zone MOU With UgandaGuangzhou — Uganda Free Zones Authority (UFZA) and a Chinese firm, Guangzhou Do
China Signs Zone MOU With Uganda
AllAfrica.com / Posted 4 minutes ago
Guangzhou — Uganda Free Zones Authority (UFZA) and a Chinese firm, Guangzhou DongSong Energy Group Company Limited have signed a Memorandum of Understanding (MoU) to develop a Free Trade Zone in Sukulu, Tororo District. "This Agreement is important... Read more
4m
AllAfrica.com
Revenue Collection Triples Through Electronic SystemMusoma — Collection of revenue in the majority of district, municipal and city
Revenue Collection Triples Through Electronic System
AllAfrica.com / Posted 4 minutes ago
Musoma — Collection of revenue in the majority of district, municipal and city councils has either doubled or tripled in recent months following the introduction of the National Microfinance Bank (NMB) e-revenue collection system. Already, more than... Read more
4m
AllAfrica.com
Is Nigeria's External Debt of Investment Grade?As Nigeria reforms, restructures and strategizes towards pulling back the econo
Is Nigeria's External Debt of Investment Grade?
AllAfrica.com / Posted 4 minutes ago
As Nigeria reforms, restructures and strategizes towards pulling back the economy unto a path of inclusive and sustainable growth, it is useful to pay detailed attention to the sectors and subsectors. This is because while summary pictures succeed in... Read more
More