Market News
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Africa Growth, UK Business Boost Old Mutual Sales
Posted on :Friday , 6th November 2015
Old Mutual [JSE:OML] on Wednesday posted strong third quarter results with gross sales up 31% to R172.53bn.
Investors initially cheered the news, sending the share price up over 3% to reach a new record high of R47.15. However, by 16:30 the shares were changing hands up only 0.57% at R45.89 from the previous close.Old Mutual Emerging . . .FASTER IMPORTS CLEARANCE AS STATE EXPANDS PRE-SHIPMENT SCRUTINY LIST
Posted on :Thursday , 5th November 2015
The pace and efficiency of import cargo clearance at the various ports of entry is expected to improve following a move by the government to expand the list of goods inspected at the point of origin before shipment into the country.
“Having more goods in the pre-shipment inspection arrangement is good for us because we will have lesser work here in terms of inspection. Good. . .Namibia: Stevens Trading Opens Garment Factory in Okahandja
Posted on :Thursday , 5th November 2015
Stevens Trading and Manufacturing, which produces safety-wear and corporate clothing, on Monday opened a new garment factory in Okahandja to compliment their already existing factory in Swakopmund, their retail outlet in Ongwediva and their headquarters in Windhoek.
The husband and wife team of Lukas and Natalie Steven invested approximately N$750 000 into the new f. . .Kenya: North Rift Bloc to Export Fresh Produce
Posted on :Wednesday , 4th November 2015
The North Rift Economic Bloc formed by eight counties is viable and will start exporting fresh produce, the chairman has said.
Jackson Mandago (Uasin Gishu governor) said the bloc will fight poverty and economically empower more than 15 million people.The eight counties produce 30 per cent of the flowers exported from Kenya.Sudan keen for Indian investment in agriculture, gold mining
Posted on :Saturday , 24th October 2015
Agriculture, gold mining and petroleum are prime areas where Sudan wants India to invest in the coming years, Sudan's Ambassador to India Hassan E. El Talib said on Friday.
"India-Africa relations have been historic. Over the years, Sudan has emerged as a major producer of gold. We want India to invest more in gold mining, apart from other areas such as agriculture and infra. . .Please Select an Option
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