Top stories published by Business in Africa in June of 2016

Homepage

Open in app

Top Stories published by Business in Africa in June of 2016

All

2016

June

Afrinnovator in Business in Africa

Jun 28, 2016

Stock markets recap — at close of trading, June 28

The top losing exchanges were Tanzania All Share (-2.52%), Nigeria All Share (-0.90) and Kenya NSE 20 Share (-0.70).

The top gainers were Morocco All Share Index (+0.57), SA FTSE/JSE All Share (+2.11) and the Namibia FTSE JSE Overall Index…

Afrinnovator in Business in Africa

Jun 20, 2016

East and West African News Today

EAST AFRICA

KENYA- As the Nairobi Securities Exchange (NSE) chairman, Eddy Njoroge saw the market rise from the 2012 downturn, rally in 2015 and bust again later in the same year.Mr Njoroge also presided over a transformation programme that saw the market digitise…

Afrinnovator in Business in Africa

Jun 14, 2016

East and West African News Today

EAST AFRICA

KENYA- The banking sector has backed the Treasury’s fresh bid to raise the capital adequacy requirement for lenders. (BUSINESS DAILY AFRICA) READ MORE

KENYA- The financial market is anticipating action by the Central Bank of Kenya (CBK) to defend the…

Afrinnovator in Business in Africa

Jun 6, 2016

East and West Africa Round Up

EAST AFRICA

KENYA- France Telecom’s bid to sell its 70 per cent shareholding of Telkom Kenya to private equity firm Helios Investment Partners is now only awaiting Cabinet approval. (BUSINESS DAILY AFRICA) READ MORE

KENYA- Kenya’s savings and credit co-operative societies…

Afrinnovator in Business in Africa

Jun 27, 2016

Stock markets continue post-#Brexit slide

The Namibia (-4.33), South Africa (-3.08) and Nigeria (-2.63) exchanges yet again led losses post Britain’s referendum to exit the European Union:

Afrinnovator in Business in Africa

Jun 20, 2016

North and South African Round Up

NORTH AFRICA

EGYPT- Economists are roughly evenly split on whether Egypt´s central bank will raise interest rates at its monetary policy committee (MPC) meeting on June 16, after a jump in inflation in May. (THE NEWS) READ MORE

EGYPT- Egypt’s central bank (CB) has kept…

Afrinnovator in Business in Africa

Jun 8, 2016

North and South African News Today

NORTH AFRICA

ALGERIA — Algeria’s grain imports totalled 4.39 million tonnes in the first four months of 2016, down 9.5 percent from the same period a year earlier, despite higher soft wheat purchases, official data showed. (REUTERS) READ MORE

EGYPT — Egypt’s central…

Afrinnovator in Business in Africa

Jun 20, 2016

East and West African News Today

EAST AFRICA

KENYA- Nakumatt Supermarkets has entered into negotiations with the State pension fund NSSF in a bid to re-start the stalled construction of the Hazina Trade Centre. (BUSINESS DAILY AFRICA) READ MORE

BURUNDI — Burundi’s central bank has signed a deal with…

Afrinnovator in Business in Africa

Jun 22, 2016

East and West African News Today

EAST AFRICA

KENYA- Shoe vendor Nairobi Business Ventures trading as K Shoe today commenced trading on the Nairobi Securities Exchange’s Growth Enterprise Market Segment (Gems). (KENYAN WALL STREET) READ MORE

KENYA- The IMF has faulted Kenya’s interest rate management…

Afrinnovator in Business in Africa

Jun 20, 2016

East and West African Round Up

EAST AFRICA

TANZANIA- Tanzania becomes the seventh African country in which Uber, an American taxi hailing firm, has extended its services. Dar is now the 475th city across 73 countries in which the online cabs firm is operating. (THE EAST AFRICAN) READ MORE

KENYA — The…

Afrinnovator in Business in Africa

Jun 21, 2016

East and West Africa News Round Up

EAST AFRICA

KENYA- Kenya Re has acquired an additional 4.44 per cent stake in Zep-Re for Sh1.3 billion, cementing its position as the single-largest shareholder in the Nairobi-based reinsurer. (BUSINESS DAILY AFRICA) READ MORE

KENYA- Nairobi Securities Exchange…

Afrinnovator in Business in Africa

Jun 21, 2016

North and South African Round Up

NORTH AFRICA

ALGERIA- OPEC member Algeria’s trade deficit reached $9.8 billion in the first five months of 2016, a 35.5 percent rise from the same period a year earlier, due to a decline in energy earnings after the oil price slide. (REUTERS) READ MORE

EGYPT- The yield…

Afrinnovator in Business in Africa

Jun 24, 2016

Africa’s Stock Markets at close on Brexit

Afrinnovator in Business in Africa

Jun 15, 2016

North and South African News Round up

NORTH AFRICA

ALGERIA — Algeria is preparing to launch Islamic financial services as the OPEC member seeks new ways to raise money after a sharp fall in energy earnings. (REUTERS) READ MORE

EGYPT- The Egyptian economy has witnessed fluctuations over two years of…

Afrinnovator in Business in Africa

Jun 28, 2016

North and South African News Today

NORTH AFRICA

ALGERIA- Algeria’s oil and gas output is moving back to growth after years of stagnation, helped in part by increased production at the North African OPEC member’s existing fields. (REUTERS) READ MORE

EGYPT- Egypt’s central bank said on Monday it could…

Afrinnovator in Business in Africa

Jun 24, 2016

North and South African News Today

NORTH AFRICA

ALGERIA- Strong non-hydrocarbon independent economy is an “irreversible” choice, Prime Minister Abdelmalek Sella said Thursday, adding that the government seeks to produce locally so as to meet the needs of the Algerians. (APS.DZ) READ MORE

EGYPT- Egypt…

Afrinnovator in Business in Africa

Jun 30, 2016

African Stock Markets at close June 30, 2016

Top losing exchanges:

Nigeria All Share, -0.72
Botswana Gaborone Index, -0.26
Tunisia TUNINDEX, -0.2

Top gaining exchanges:

Namibia FTSE JSE Overall Index, +1.56
SA FTSE/JSE All Share, +0.63
BRVM Composite Index, +0.52

Afrinnovator in Business in Africa

Jun 20, 2016

North and South African Round Up

NORTH AFRICA

ALGERIA- The Speaker of the Council of the Nation Abdelkader Bensalah, and the ambassador of the republic of Czech Martin Vavra underlined Thursday, in Algiers, both countries’ willingness to develop bilateral cooperation, particularly in the economic field…

Afrinnovator in Business in Africa

Jun 14, 2016

North and South African News Today

NORTH AFRICA

EGYPT- Egypt’s strategic stocks of sugar are enough to cover the country’s needs for the next year, Supplies Minister Khaled Hanafi said. (REUTERS) READ MORE

EGYPT- Egypt’s EFG-Hermes plans to distribute 1.08 billion Egyptian pounds ($122 million) to…

Afrinnovator in Business in Africa

Jun 24, 2016

East and West African News Today

EAST AFRICA

KENYA- The sale and leasing out of some of Kenya Airways’ aircraft stand to earn the national carrier about Sh11 billion, investment bankers at Citi have revealed. (BUSINESS DAILY AFRICA) READ MORE

KENYA- Small and medium sized enterprises can now access a…

Afrinnovator in Business in Africa

Jun 22, 2016

North and South African News Today

NORTH AFRICA

EGYPT- Egypt’s efforts to relieve a crippling dollar shortage are pushing it towards a sickly combination of rising prices and lower growth, undermining hopes for economic revival after years of political upheaval. (REUTERS) READ MORE

EGYPT — Rising…

Afrinnovator in Business in Africa

Jun 20, 2016

East and West African Round Up

EAST AFRICA

KENYA- Kenya’s bank deposits protection fund will foot the bill for the ongoing forensic audit into the collapse of Imperial Bank, the agency said on Thursday. (BUSINESS DAILY AFRICA) READ MORE

KENYA- NASI and NSE 25 Share Index advanced 0.55% and 0.29%…

Afrinnovator in Business in Africa

Jun 15, 2016

East and West African News Round-up

EAST AFRICA

BURUNDI — Burundi’s year-on-year inflation rose to 2.7 percent in May from 2.6 percent in April as food costs increased slightly, official data showed on Tuesday. (REUTERS) READ MORE

KENYA- Kenya will get a World Bank loan of Sh111 billion ($1.1…

Afrinnovator in Business in Africa

Jun 29, 2016

African Stock Markets at close June 29, 2016

Top Losers:

Morocco All Share Index, -0.45%
Tunisia TUNINDEX, -0.37%
Kenya NSE 20 Share, -0.21%

Top gainers:

Tanzania All Share, 1.65%
SA FTSE/JSE All Share, 1.47%
Namibia FTSE JSE Overall Index, 1.43%

Afrinnovator in Business in Africa

Jun 23, 2016

African Stock Markets (at last close) — June 23, 2016

Afrinnovator in Business in Africa

Jun 6, 2016

North and South African Round Up

NORTH AFRICA

EGYPT- Egypt’s benchmark index EGX30 edged down 0.71 percent to 7,563 points on Sunday, one day before the start of the holy month of Ramadan. (AFRICAN MARKETS) READ MORE

ALGERIA — Algeria’s foreign exchange reserves fell $6.1 billion this year to $136.9…

Afrinnovator in Business in Africa

Jun 10, 2016

North and South African News Today

NORTH AFRICA

ALGERIA- Economic growth in Algeria is expected to pick up to 3.4% in 2016 against 2.9% in 2015 and will remain steady thanks to the strength of the sectors of gas and hydrocarbons, said the World Bank (WB) in its report on global economic outlook…

May 2016

July 2016

These were the top 31 stories published by Business in Africa in June of 2016. You can also dive into daily archives for June of 2016 by using the calendar at the top of this page.

About

Business in Africa

The information you need to understand and do business in Africa - News and economy. Markets and investing. Insights and analysis. Powered by @Afrinnovator.

More information

Stock markets recap — at close of trading, June 28

North and South African News Today

East and West African News Round-up

East and West Africa News Roundup

African Stock Markets (at last close) — June 22, 2016

East and West African News Today

East and West African News Today

East and West Africa Round Up

Stock markets continue post-#Brexit slide

North and South African Round Up

North and South African News Today

East and West African News Today

East and West African News Today

East and West African Round Up

East and West Africa News Round Up

North and South African Round Up

Africa’s Stock Markets at close on Brexit

North and South African News Round up

North and South African News Today

North and South African News Today

African Stock Markets at close June 30, 2016

North and South African Round Up

North and South African News Today

East and West African News Today

North and South African News Today

East and West African Round Up

East and West African News Round-up

African Stock Markets at close June 29, 2016

African Stock Markets (at last close) — June 23, 2016

North and South African Round Up

North and South African News Today