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Cigarette manufacturing orders drive up profit at BAT Kenya

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Posted by admin 12 days ago (http://feedproxy.google.com)
British American Tobacco Kenya posted a 14 percent jump in first-half pretax profit to 2.56 billion shillings ($29.22 million), thanks to higher revenue from contracts to manufacture cigarettes for other companies.

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The Nigerian Stock Exchange Re-Launches Website​

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Posted by admin 7 days ago (http://feedproxy.google.com)
The Nigerian Stock Exchange (NSE) announced on July 14, 2014 the upgrade and re-launch of its website (www.nse.com.ng) ​

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Murowa diamond production up 4pct in H1

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Posted by admin 5 days ago (http://source.co.zw)
HARARE, July 17 (The Source) – Diamond production at Murowa Diamonds jumped four percent in the first half of 2014 compared with the same period last year, with the Zvishavane-based mine producing 152,000 carats, the company’s parent firm Rio Tinto has said. The United Kingdom headquartered Rio Tinto, which owns 78 percent stake in Murowa, […]

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Local firms seek Competition Commission protection against imported grain products

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Posted by admin 5 days ago (http://source.co.zw)
BULAWAYO, July 17 (The Source) – Local companies under pressure from imports have approached the Competition and Tariff Commission seeking an increase in customs duty on maize products from the region. Under the current tariff regime, such products coming from the Common Market for East and Southern Africa (Comesa) are levied at five percent, while […]

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Meikles empowerment deal stalls on unpaid RBZ debt

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Posted by admin 5 days ago (http://source.co.zw)
HARARE, May July 17 (The Source)  – Meikles Limited is holding off implementing an empowerment plan it agreed with the government in terms of the country’s ownership law, until the central bank has repaid a multi-million dollar debt owed to the diversified group, Parliament heard on Thursday. Last year, Meikles Limited shareholders approved the allocation […]

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Govt gazettes new ZSE charges

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Posted by admin 5 days ago (http://source.co.zw)
HARARE, July 17 (The Source) – The Government has gazetted new amendments to Zimbabwe Stock Exchange transaction charges with effect from Wednesday that will see securities market levies pegged at 4.2 percent of the transaction. According to Statutory Instrument 108 of 2014, the securities dealers shall be the collecting agents and the levies shall be […]

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IDC seeks $100mln seed capital

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Posted by admin 5 days ago (http://source.co.zw)
HARARE, July 17 (The Source) – The Industrial Development Corporation of Zimbabwe (IDC) is seeking $100 million in seed capital to finance industrial projects, an official said on Thursday. Industry and Commerce ministry deputy director Percy Takavarasha told delegates attending a youth conference in the capital that government has engaged investors and development partners to […]

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Rocky road ahead for China - Africa relationship?

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Posted by admin 5 days ago (http://www.thisisafricaonline.com)
Does China still think Africa is a good return on investment? Recent coverage by the financial press has cast some doubt on the vigor of the China-Africa relationship, pointing to new-found skepticism among Chinese banks and investors towards projects in Africa.

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