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This week’sinventory market rout deepened Wednesday on issues that rising numbers of coronavirus infections within the U.S. and Europe will push governments to deliver again restrictions on companies. The Dow…
Many people have been killed since clashes began on Monday. Scores too had been killed in the run up to the vote as protestors marched against Conde's bid for a third term.
A Bill that will guide the sale of Kenya Airways (KQ) to the State was tabled in Parliament on Thursday, setting the stage for the buyout of minority shareholders at a premium and converting shares held by banks into Treasury bonds.
The loss-making airline, which is 48.9 per cent government-owned and 7.8 per cent held by Air France-KLM, was privatised 24 years ago but sank into debt and losses in 2014.
Kenya has reached an agreement with Air France-KLM on the offer price, which will be a premium on the carrier’s prevailing trading price at the Nairobi bourse.
A consortium of local lenders, who acquired 38 per cent of the company’s equity during the 2017 restructuring, could be paid through government debt, possibly in 10-year Treasury bonds, Mr Yatani said.
Mr Yatani said the State was keen on a long-term solution anchored on nationalisation of Kenya Airways, arguing that the carrier’s financial troubles went beyond the Covid-related woes.
LAGOS, Nigeria (AFP) - Nigeria's President Muhammadu Buhari has faced a jihadist insurgency and economic recession, but youth protests that have spiralled into widespread unrest appear to be his biggest challenge yet. The 77-year-old former military ruler has drawn fierce criticism for his slow response as the shooting of demonstrators unleashed chaos in Africa's largest city, Lagos.
… vice president.
Trump said African American income grew “nine times … has been president.
African American Household Income
Trump referenced … predators” to refer to Black Americans when the then-senator … income for the typical Black American family is now at …
Friday (Oct.23), Sony confirmed its new strategic creative partnership with the Houston rapper and his popular Cactus Jack brand.
RIO DE JANEIRO, (Reuters) - Brazil recorded 30,026 additional confirmed cases of the novel coronavirus in the past 24 hours, and 571 deaths from COVID-19, the Health Ministry said yesterday.
The article Brazil reports 30,026 new coronavirus cases, 571 deaths appeared first on Stabroek News.
BET Holdings, Inc. the parent company of Black Entertainment Television sells 4.2 million shares of stock in an initial public offering on the NYSE, BET is the first African American company listed on the Big Board.
Hotelier African Sun (ASL) has made an offer to snap up Dawn Properties in a deal that will see it assume ownership of the property firm’s key assets and its delisting from the local bourse.
ASL company secretary Venon Musimbe said should the acquisition be approved by shareholders, it intended to apply to the Zimbabwe Stock Exchange for a voluntary delisting of Dawn Properties.
“Shareholders are advised that African Sun Limited (African Sun) is in discussions with Dawn Properties Limited (Dawn) for the acquisition of 100% of the issued share capital of Dawn in exchange for African Sun shares based on an agreed price,” Musimbe said.
“Shareholders of Dawn Properties Limited (the company or Dawn) and the investing public are advised that the company received an offer from African Sun Limited (ASL) whereby ASL seeks to acquire a 100% of the issued share capital of Dawn.
According to the 2018 annual report, top 10 shareholders in Dawn Properties are Brainworks Capital Management (Private) Limited (51,93%), Lengrah Investments (Private) Limited (14,88%), Old Mutual Life Assurance Company Zimbabwe Limited (11,10%), Old Mutual Zimbabwe Limited (10,16%), Stanbic Nominees (Private) Limited(4,01%), Zimbabwe Sun Employee Share Ownership Trust (0,98%), Stanbic Nominees (Private) Limited — NNR (0,55%), Archer Clothing Manufacturing (Private) Limited (0,52), Adrian Richard Fraser Armstrong (0,47%) and Faanya Rose (0,43%).
The main job of the Unclaimed Financial Assets Authority (Ufaa) is to help Kenyans trace their left-behind wealth, some of it unknown.
For the most part, treatment is supportive with hydration, rest, controlling fevers in isolation.
Source
(Black PR Wire) CHICAGO-(BUSINESS WIRE)- As part of its continued commitment to diversity, equity and inclusion (DE&I), Exelon named 30 companies to its 2020 D&I Honor Roll, which recognizes partners…
There is injustice in America. There is discrimination. There is a legacy of racism and inequality that lives still in our institutions, our laws, and in too many people’s hearts that makes it harder for Black people to succeed.
FILE PHOTO | NMG
Stockbrokers have started charging the 14 percent value-added tax (VAT) on service fees and commissions after President Uhuru Kenyatta assented to the Tax Laws Amendment Act 2020 last month, raising the cost of investing in equities and securities at the NSE.
Dyer Blair Investment Bank and ApexAfrica Capital have sent notices to clients informing them of the different fees and commissions that will be loaded with VAT.
\"Going forward, for the purchase of shares the amount will include the purchase price, brokerage commissions, statutory levies plus VAT.
As for the sale of shares, the proceeds will be paid net of brokerage commissions, statutory levies plus VAT,\" said ApexAfrica in their notice.
The VAT applies on a wide range of brokerage fees, including commissions on equities and bonds trades, fees on share immobilisation and pledges, private transfers, transmissions in and transfers out.
Safaricom has appointed its head of investor relations, Ilanna Darcy, as its new Chief Finance Officer (CFO) in an interim capacity effective July 1, 2020.
Ms Darcy joined Safaricom in February 2017 as the head of Finance Planning, Analysis and Investor Relations.
He added that as the head of investor relations, Ms Darcy, a graduate of the University College Dublin, has helped strengthen Safaricom’s position as a stock of choice in the international investment community.
Safaricom's net profit for the full year that ended March 2020 jumped 19.54 per cent to Ksh74.7 billion ($747 million) on strong M-Pesa and mobile data revenue growth that offset a decline in voice and messaging (SMS) revenues.
During the period, Safaricom's M-Pesa revenue grew by 12.6 per cent to Ksh84.44 billion ($844.4 million) as mobile data revenue increased by 12.1 percent to Ksh40.67 billion ($406.7 million).
By ALEX VEIGA AP Business Writer U.S. stock indexes are modestly lower in midday trading Friday as Wall Street weighs another batch of corporate results from the summer earnings period. The S&P 500 was down 0.2%, after shedding a slight early gain. The benchmark index is on track for its first weekly loss in four weeks. Losses in technology stocks outweighed small gains in health care and other sectors. Treasury yields remained near their highest levels since June. The Dow Jones Industrial Average was down 111 points, or 0.4%, to 28,254 as of 11:54 a.m. Eastern time. The Nasdaq composite, […]
The post Stocks are down on Wall Street as more earnings come in appeared first on Black News Channel.
