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Ethiopia becomes Africa’s latest sovereign default
LONDON (Reuters) – Ethiopia became Africa’s third default in as many years on Tuesday after it failed to make a $33 million “coupon” payment on its only international government bond. Africa’s second…
Africa’s MTN resumes dividend after bumper annual profit
By Nqobile Dludla JOHANNESBURG – Africa’s largest mobile operator by subscribers, MTN Group, resumed annual dividends on Wednesday, declaring a higher payout than previous guidance as a divestment plan made progress and…
Africa’s MTN flags annual profit rise of up to 35%
JOHANNESBURG – Africa’s largest mobile operator by subscriber numbers, MTN said on Friday its profits for the year to Dec. 31 would probably rise by up to 35%, without giving a reason.…
South Africa’s Discovery, AIA to partner for Asian insurance tech venture
– South Africa’s Discovery Ltd said on Tuesday it would set up an Asia-focused health insurance technology business in partnership with Hong Kong-listed AIA Group Ltd. Discovery will own 25% of the…
Fire That ‘Completely’ Burned Down South Africa’s Parliament Building Reignites
A fire that devastated South Africa’s Houses of Parliament in Cape Town reignited on Monday after it was said to be under control, multiple sources reported. The building initially caught fire early…
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