Business Archives | African Stand
Chinese company Avic International industry Corporation has launched its $400 Million Global Trade Center in Nairobi Kenya. The trade center in Westlands hosts three new complex towers as well as sports and hospitality facilities. Baptised the Dream City, GTC boasts of a 32-storey 5-Star hotel, 42-storey tower for offices, and another...
Fifteen Liberians, including the son of former president Ellen Johnson Sirleaf, are banned from leaving the country while the government investigates the whereabouts of $104 million in missing cash intended for the central bank, the government said. A series of shipments of notes ordered by Liberia’s central bank from printers...
In Zambia, the Sino-Zam relations debate is commonplace. It covers the sale of cheap goods, manufacturing and even mass unemployment, occasioned by Chinese doing jobs like chicken rearing or selling roast corn by the roadside, that should be a preserve of the locals. But perhaps more dominant and emotive is...
Kenyan government is seeking to recruit an advisor to the Public Debt Management Office (PDMO) located at Treasury in the capital Nairobi. Eligible candidate will be expected to review institutional distribution, planning and managerial framework of the PDMO. The position was advertised on Tuesday in local daily papers. The advisor will implement...
Coca Cola has unveiled plans to venture into the marijuana drinks business, apparently following after beer manufactures who have recorded gains in the trade. Bloomberg says that the multi-national corporation is in talks with Aurora Cannabis to develop a beverage infused with CBD. Cannabidiol is a non-psychoactive ingredient in marijuana that treats...
Some African countries are now seeking to write off their loans from China while others are offering concessions using their natural resources and assets to manage their ballooning debt. A new report by the US-based Centre for Global Development shows that China’s loans to Africa, currently standing in excess of...
Kenya's President Uhuru Kenyatta has rejected the Finance Bill, 2018 which would have seen the 16 per cent tax on petroleum products shelved until 2020. The President received the Bill earlier on Thursday, amid worry and criticism of the government about the high cost of living and higher fuel prices. SPECIAL...
The iPhone XS Max has a 6.5in (16.5cm) display. The iPhone XS has the same 5.8in-sized component as the original. A new thinner smartwatch was also launched with added fall-detection and heartbeat-tracking functions. There had been concerns that the relatively high entry price of iPhone X would limit its appeal when...
China has agreed to extend a loan to Botswana for rail and infrastructure as well as writing off a BWP 80 million USD 733K debt after taking over Sri-Lanka port. According to Botswana President Mokgweetsi Masisi, China also offered a 340 million pula grant. The previous week, the Botswana ministry of finance was seeking...
Zimbabwe's newly sworn-in finance minister on Monday said he planned to reintroduce the Zimbabwe dollar and accelerate plans to repay the country's debt, in a bid to revive the battered economy. The southern African nation abandoned its currency after it spiralled out of control between 2008 and 2009 during the...