May 9, 2021
  • May 9, 2021

Standard Chartered Bank To Lure Younger Nigerians, Kenyans With Smaller Ticket Credit

by on November 14, 2019 0

In its bid to capture younger African entrepreneurs’ interest, Standard Chartered is proposing to extend credit facility to these categories of individuals in Kenya and Nigeria through mobile phones. “Traditionally our customers have been an average age of 50-plus, so the plan is to attract younger customers by offering all our banking services on...

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Coca-Cola Chooses Recycling Plastic Bottle To Reduce Pollution

by on November 6, 2019 0

Coca-Cola is committed to collecting and recycling plastic bottles rather than switching to aluminum cans as the world’s largest soft drinks maker seeks to reduce its carbon footprint, its chief executive officer has said. Along with multinational rivals including PepsiCo and Nestle, Coca-Cola has started offering recyclable aluminum cans as well as plastic bottles...

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Huawei’s Founder Says No Buyer Yet For Its 5G Technology

by on November 6, 2019 0

Huawei Technologies Co.’s billionaire founder Ren Zhengfei said there have been no direct talks between the firm and any U.S. company since his offer to license the Chinese giant’s full portfolio of fifth-generation network technology. His comment contradicts earlier reports that the Chinese telecom gear giant is in talks with potential buyers on a...

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South African Consumer Confidence Sinks To 2017 Low

by on November 5, 2019 0

South African consumer confidence dropped to the lowest level since Cyril Ramaphosa became president as the outlook for the economy dimmed. The consumer-confidence index fell to -7 in the third quarter from 5 in the previous three-month period, FirstRand Ltd.’s First National Bank said in an emailed statement on Tuesday. That’s the weakest level...

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South African Budget Signals Debt Trap Ahead

by on October 30, 2019 0

South Africa is heading for a debt trap as bailouts for the embattled state power utility drain the government’s coffers and anemic economic growth weighs on tax revenue. Finance Minister Tito Mboweni presented a rapidly deteriorating outlook in his medium-term budget policy statement on Wednesday, with gross government debt seen surging to 80.9 percent...

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