Administrators at state-owned South African Airways (SAA) will not sell assets for an interim period without involving the government, a memorandum signed by one of the administrators and the public enterprises ministry showed.
In Kenya, foreign currency deposits held in local commercial banks dropped by an equivalent of Ksh12.3 billion between June and August, coinciding with the expiry of a tax amnesty on repatriation of assets held abroad. Also demand for the government short-term debt fell to the lowest level in more than a year after uncapping loan rates despite return on 3 and 6 month papers going up. Senior Procurement Associate at Cytonn Investments, David Kingoo joins CNBC Africa to explain what is moving and shaking the Kenyan market.
State-owned entities are on the chopping block. The minister of finance, Tito Mboweni says the state will be selling some assets
UK judge will allow firm to try to seize $9 billion in Nigerian assets in gas dispute, what you need to know
The judge’s decision, issued on Friday, converts the arbitration award to a legal judgement, which would allow P&ID to try to seize international assets.
Barclays announced the sale of its Zimbabwe bank to Malawi-listed First Merchant Bank on Friday as the British lender continues its exit from Africa.
The court orders will last until Nigeria's anti-corruption agency concludes an investigation.
The scandal-hit family, which is being investigated by the anti-corruption watchdog of holding undue political sway over President Zuma.
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