MTN Condemns Xenophobia, No Mention of South Africa

The negative trend in the equities market was extended...

Emirates has been named as the World’s Leading Airline...

The Management of Anchor Insurance Company Limited, a company...

The Emirates Group has announced its half-year results for 2015-16, showing continued business growth and a strong performance. The Emirates Group revenue reached AED 46.1 billion (US$ 12.6 billion) for the first six months of its 2015-16 financial year, down 2.3% from AED 47.2 billion (US$ 12.9 billion) during the same period last year, reflecting the impact of the strong US dollar against major currencies. The Group marked one of its best half-year profit performances ever, with net profit rising to AED 3.7 billion (US$ 1.0 billion), up 65% over the last year’s results.

Leading US hedge fund, Och-Ziff has been ordered to...

The African Export-Import Bank (Afreximbank), a multilateral financial institution...

The inability of banks and telecom operators to agree on modalities for mobile money operations is hindering the potential of such transactions in Nigeria, compared to the acclaimed success of M-pesa in Kenya. Mobile money transactions need legislations and approvals from both the Central Bank of Nigeria (CBN) which regulates the banking sector and the Nigerian Communications Commission (NCC) that oversees telecom services in the country. Giving an insight into the success of M-Pesa in Kenya at the Commonwealth Broadband Forum 2015 in Abuja, Mr. Joseph Tiampati Musuni, Principal Secretary, Ministry of Information, Communications and Technology, Kenya, said their country experienced a similar Banks-Telcos disagreement at the outset of mobile money services in Kenya. But he added that the government was able to facilitate an amicable and working arrangement between them to pave way for roll-out of the service.

The Institute of Chartered Accountants of Nigeria (ICAN) last...