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Diversified chemicals group Omnia reported a 2 per cent rise in headline earnings per share, as a strong showing in its Agriculture and Mining units was offset by losses in its chemicals division. 

Omnia sees organic growth in SADC, expansion in Indonesia & Australia


Telecoms group, Vodacom, today published its interim results for the half year ended September 24, reporting topline growth of 1 per cent, whilst profits suffered a significant knock with headline earnings per share down 19.4 per cent. 

Vodacom H1 HEPS slump 19.4%

Rwanda’s President Paul Kagame has emphasized the importance of good governance and an enabling political environment to foster the growth and development of the youth in Africa. 

President Kagame rallies African countries to champion political stability 

Energy security has become a key determinant for business continuity in Africa. With rampant power outages coupled with high energy costs the continent is under tremendous pressure to meet growing energy demand. 

Delivering energy security for Africa

Rwanda’s capital markets hit a mild downward trajectory as equities market slowed as the local currency further softened. 

Rwandan market watch

Nigeria’s foreign reserve is sustaining its uptrend rising to $40.08 billion on November 7, the highest level in nearly two years. 

Can Nigeria sustain FX reserve growth?

E-commerce giant, Jumia, reported a 14 per cent decline in revenue to 36.5 million dollars in the third quarter of 2024, driven by currency depreciation in major markets like Nigeria and Egypt. 

Currency pressure drives Jumia’s revenue to $36.5mn in Q3’24

The delay in the implementation of 150-day duty free import window is stoking concerns around recent price surge in staples such as rice as the yuletide draws near. 

Duty-free food import: Will rice price drop near-term?

The Nigerian government has set up a nine-member committee to review bilateral investment treaties and the Nigerian Investment Promotion Commission Act. 

Nigeria sets up committee to review bilateral investment treaties

Nigeria’s Minister of Solid Minerals Development, Dele Alake, says ongoing reforms in the mining sector are creating opportunities and improving the business climate and the country is open for business. 

Nigeria woos South African mining sector investors

Following the recent U.S. presidential election, resulting in a Trump victory, commodity markets have seen significant fluctuations. 

Trump victory: Implications for commodities market

For Africa to expand intra- African trade, financial institutions need to accelerate trade finance to meet the growing needs of the continent

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