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[AIM] London -The Texas-based Anadarko Petroleum Corporation on Friday announced that Mozambique LNG1 Company Pte Ltd has signed an agreement with China's state-owned hydrocarbon company CNOOC for the long-term supply of LNG (Liquefied Natural Gas) from the northern Mozambican province of Cabo Delgado. Under the agreement, CNOOC will purchase 1.5 million tonnes of LNG per annum for 13 years.
Kenya: CBA, NIC Confirm Merger Plan As Unified Banks to List On NSE
[East African] Commercial Bank of Africa (CBA) and NIC Group have confirmed their merger plan whose completion will see the unified banks listed on the Nairobi Securities Exchange (NSE).
East Africa: Absa Index Paints Mixed Picture for Capital Markets
[East African] East Africa's capital markets scored highly on market transparency, tax and regulatory environment and access to foreign currency according to the Absa Africa Financial Markets Index for 2018, but fared badly on local investor capacity.
Nigeria: Eat'n'Go Makes London Stock Exchange List of Companies to Inspire Africa in 2019
[Guardian] Eat'N'Go Limited, Nigeria's franchisee for Domino's Pizza, Cold Stone Creamery and Pinkberry Gourmet Frozen Yoghurt, has been recognised by the London Stock Exchange group as one of the companies to inspire Africa in 2019.
Nigeria: Regulators Blame Shareholders for Asset Losses
[Guardian] Capital market regulators have blamed shareholders for their investment losses, urging them to report corporate governance lapses perpetrated by the boards of listed firms, and collaborate with management to create sustainable wealth through profitability.
Tanzania: CrossBoundary to Invest U.S.$16 Million Into Mini-Grids to Light Up Tanzania, Two Other Markets
[CIO] CrossBoundary Energy Access (CBEA) recently announced its launch with funding commitments from The Rockefeller Foundation and Ceniarth. The company will initially invest $16 million into mini-grids serving 170,000 people, providing first-time power to homes and businesses. The focus is on markets with supportive mini-grid regulatory frameworks, such as Tanzania, Nigeria, and Zambia.
Africa: biNu 2.0 - the Data Free Challenger to Whatsapp
[Balancing Act] London -A number of different start-ups have tried creating a data-free access service for African customers without success. biNu's Co-founder and CEO Gour Lentell is a veteran and pioneer of low-cost data access. Russell Southwood spoke to this Zimbabwean-born entrepreneur about offering free data through reverse billing.
Tanzania: Foreign Investors Boost Dar es Salaam Stock Exchange Activities
[Citizen] Dar es Salaam -Foreign investors made a strong return to the Dar es Salaam Stock Exchange (DSE) on Wednesday by injecting Sh1 billion through transacting Tanzania Breweries Ltd (TBL) shares.
Tanzania: Dar es Salaam Stock Exchange Now Part of Global Exchanges Body
[Citizen] Dar es Salaam -The precision of trading processes and standards at the Dar es Salaam Stock Exchange (DSE) Plc has attracted the attention of international observers, granting the 23-year-old bourse a full membership of the World Federation of Exchanges (WFE).
Tanzania: Dar Stock Exchange Approved By WFE
[The Exchange] Great news for Tanzania as the Dar es Salaam Stock Exchange's membership has been approved by the World Federation of Exchanges (WFE).
Uganda: Uganda Ranked Third in Ease of Foreign Exchange Access
[Monitor] Absa, which currently owns the Barclays Africa franchise, has rated Uganda among countries with the easiest access to foreign exchange.
Kenya: Eurobond Yields Defy Nairobi Terror Attack
[Nation] Yields on Kenya's Eurobonds fell last week as the Nairobi terror attack failed to cow international investors who have cut their risk rating on the country's debt this year.
Tanzania: DSE Weekly Turnover Up By 152pc
[Citizen] Dar es Salaam -The Dar es Salaam Stock Exchange (DSE) ended the week strong after recording a 152.50 per cent increase of total turnover in the week ending Friday compared to the week before. Zan Securities weekly market wrap-up reports that DSE reported increased total turnover of Sh10.27 billion from Sh4.07 billion which was recorded in the week ending January 11, 2019.
Zimbabwe: Equities Market Suspends Trade
[Zimbabwe Independent] Trading on Zimbabwe's equities market was suspended this week after mass protests and civil unrest unnerved investors in a week punctuated by clashes between state security agents and protestors in most of the high-density suburbs countrywide.
Tanzania: Bear Market Extends On Falling Shares Price
[Daily News] Dar es Salaam Stock Exchange maintained a bearish trend during the week that ended on 11th January 2019.
Kenya: Hard Times Ahead for Kenyan Fund Managers
[East African] Fund managers in Kenya are working to safeguard pension funds from further erosion by a protracted bear run at the stockmarket.
East Africa: East Africa's Bourses Losing Investors to PE Firms
[East African] East African stockmarkets are gearing up for stiff competition from private equity investments this year, with analysts saying it will make matters worse for the already struggling exchanges.
Zimbabwe: Companies to Collapse in 30 Days
[Zimbabwe Independent] Many manufacturers could be forced to halt operations if government fails to arrest the crippling currency crisis within the next 10 days as most companies are left with less than a month's stock of raw materials, the Confederation of Zimbabwe Industries (CZI) has warned.
Zimbabwe: Life Assurance Registers Growth
[Zimbabwe Independent] Gains on the Zimbabwe Stock Exchange (ZSE) helped spur the life assurance industry as total assets for life assurers and assets supporting life reassurance grew 6,7% to US$2,8 billion in the nine months ending September 30 2018 from US$2,6 billion in H2 2018.
Uganda: Markets Players Mull Umeme's Future
[East African] Investors and players in the energy sector are raising questions over President Yoweri Museveni's directive to Umeme to renegotiate the concession agreement it signed with the government.