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Shares cost up as brokers charge 14pc VAT on fees
FILE PHOTO | NMG
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Source: Business Daily
Over 20 Nigerian soldiers killed by bandits in northern Katsina State | Africanews
At least 23 soldiers have been killed in an ambush in northwestern Nigeria. Armed militants opened fire on the soldiers as they walked through a forested part of the Jibia district in Katsina State, security sources said on
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Source: Africanews | Latest breaking news, daily news and African news from Africa
Sponsored by Museum of African American History in Massachusetts
Rapper T.I. Fined $75,000 For His Involvement in Cryptocurrency Scam
Rapper T.I. has been fined $75,000 by the SEC for his involvement in helping to promote an unregistered and fraudulent initial coin offerings (ICOs).
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Source: Black Enterprise - The Premier Resource for Black Entrepreneurs and Career, Tech, and Money Content for Black People - Black Ent
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Old Mutual sees profit after tax
BY Business reporter OLD Mutual Zimbabwe (OMZ) registered a profit after tax of $4,32 billion in the half year ended June 30, 2020, on an inflation-adjusted basis, attributable to a 65% increase in non-banking investment income. The increased profit after tax was from $519,1 million recorded at the
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Source: NewsDay Zimbabwe - Everyday News for Everyday People
Dual-listed counters to remain suspended
BY TATIRA ZWINOIRA THE Zimbabwe Stock Exchange (ZSE), in consultation with Treasury, has advised dual-listed firms to move their listings to the Victoria Falls Stock Exchange (VFEX) to avoid possible manipulation of exchange rates, it has been revealed. On June 28, 2020, the Finance ministry banned
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Source: NewsDay Zimbabwe - Everyday News for Everyday People
Sponsored by New York University
Oregon Governor Says Federal Troops Preparing Withdrawal From Portland
MOSCOW (Sputnik) - Oregon Governor Kate Brown said that federal troops are preparing to leave Portland after weeks of tensions in the west coast city.
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Source: Sputnik News - World News, Breaking News & Top Stories
Acorn eyes students with Sh1.9bn hostels in Karen
Property developer Acorn Holdings is rolling out a 3,591-room hostel on a five-acre plot in Karen, targeting students from Catholic University of Eastern Africa.
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Source: Business Daily
Sponsored by Concerned Black Men of Massachusetts
Gilbert T. Ray
Gilbert T. Ray retired as a Partner of the law firm of O’Melveny & Myers LLP in 2000. In this role, Ray practiced corporate law and has extensive experience with conventional corporate and tax exempt transactions, as well as international finance. He served as counsel in connection with
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Source: Savoy Network
SA forex broker has bank accounts frozen, regulator files urgent liquidation application | Fin24
The Financial Sector Conduct Authority has filed an urgent application with the High Court to liquidate South African-based JP Markets after suspending its licence.
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Source: https://www.news24.com
Probe underway of alleged pyramid scheme - Stabroek News
The Guyana Police Force (GPF) has detained two persons for the alleged operation of a “pyramid” scheme while a newly formed high-level team seeks to adopt a multi-sector approach with a view, of reimbursing monies to the persons who “invested” with The Accelerated Capital Firm Incorporated
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Source: Stabroek News - Guyana's Most Trusted Newspaper
Sierra Leone Commercial Bank tops all Banks in profit margins in 2019
Sierra Leone Telegraph: 15 August 2020: The nation’s leading bank, the Sierra Leone Commercial Bank continues to firmly stamp its leadership in the banking industry by increasing net profit by 63.1% in 2018 to Le95.9 billion in 2019. The increase was as a result of massive revenue generation and
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Source: SIERRA LEONE TELEGRAPH – Sierra Leone News
Why CMA needs to ‘juice up’ its whistleblowing incentives
Trend American programme has rewarded over Sh38 billion and recovered Sh200 billion.
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Source: Business Daily
ZSE urges stakeholders to participate in Victoria Falls Stock Exchange
BY MTHANDAZO NYONI THE Zimbabwe Stock Exchange Limited (ZSE) has called for various stakeholders to participate in the Victoria Falls Stock Exchange Limited (VFEX), an equity market that will allow shares to be quoted and traded in foreign currency. In a statement, ZSE chief executive officer
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Source: NewsDay Zimbabwe - Everyday News for Everyday People
Sponsored by Illinois Math and Science Academy
Egyptian president meets Libya's tribal leaders | Africanews
Egyptian president Abdel Fattah al-Sisi has said his country will not be idle against threats to national security in Egypt and Arab
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Source: Africanews | Latest breaking news, daily news and African news from Africa
An Introduction to Online Investing - Voice Online
Online investing, also known as internet investing, online trading, or electronic trading, means buying and... The post An Introduction to Online Investing appeared first on Voice Online.
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Source: Britain's Favourite Black Newspaper - Voice Online
Guyana Goldfields now owned by Chinese company | New York Carib News
Guyana Goldfields announced the conclusion of their arrangement where Chinese mining company Zijin Mining Group Co. Ltd acquired all of the issued and outstanding common shares of the Region Seven-based company.
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Source: The New York Carib News
T-bonds maturity profile hits 7.8 years on refinancing risk cut
Dr Njoroge said the mix of T-bills and T-bonds stood at 29 per cent to 71 per cent at the end of July respectively, with bond maturities extending up to 2044.
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Source: Business Daily
Africa: Econet, Delta in Africa's Top 250 Companies in 2020
Telecoms company, Econet Wireless and beverage maker, Delta Corporation are the only two Zimbabwean companies to make it into Africa's top 250 companies in 2020 , a pan-African publication, Business Africa Magazine has
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Source: allAfrica.com
Battered brokers offload stake in Nairobi bourse shareholding
The self-listed Nairobi Securities Exchange (NSE) is battling a crisis of confidence over the continuous decline in stock prices, which has seen close to a half of the stockbrokerage firms that held shares in the Kenyan bourse sell their stake over falling returns and uncertainties over the
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Source: The East African
Govt seek $5 million for COVID-19 fight
GOVERNMENT is seeking to raise $500 million through Treasury Bills (TBs) to meet the COVID-19 pandemic expenditure, the Reserve Bank of Zimbabwe has said. BY FIDELITY MHLANGA The apex bank has invited banks and building societies to subscribe to the sovereign paper with 270 and 364-day tenures of
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Source: NewsDay Zimbabwe - Everyday News for Everyday People
Sponsored by Intellitech
Unit trusts up to Sh76bn as CIC holds top position
FILE PHOTO | NMG
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Source: Business Daily
CDSC in securities borrowing and lending pilot plan
The Central Depository and Settlement Corporation (CDSC) has launched a pilot phase for securities lending and borrowing.
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Source: Business Daily
Republican convention touts Trump, stokes fears if he loses - African American News Today - EIN News
US Republicans launched their national convention Monday with a full-throated endorsement of President Donald Trump's record and laid out a bleak vision of how American life would change for the worse under a Joe Biden administration.
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Source: Top - Digital Journal
Social protection and health dockets take up lion's share of project
Disbursement to capital projects amid Covid-19 restrictions is at the lowest level since the Jubilee administration took power in mid-2013.
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Source: Business Daily
Sponsored by Society of Hispanic Professional Engineers (SHPE) Boston Professional Chapter
Biden Campaign Launches ‘Make It Happen Monday’ Series To Connect With Black Businesses
As Joe Biden continues to rally support for his presidential run, his campaign has been focused on connecting with a vital segment of the constituency: Black business owners. To achieve…
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Source: The Black Chronicle
Securities rates tipped to fall on high liquidity
Yields on government securities are expected to fall further in the current quarter as investors compete for returns amid high liquidity, analysts say.
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Source: Business Daily
Sponsored by APEX Museum
Trump Takes Shots At Obama Over Ad Showing Sit-down With Biden
President Donald Trump attacked an ad released by Democratic presidential nominee Joe Biden featuring former President Barack Obama sitting down with Biden. According to The Hill, in the ad, Obama…
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Source: The Black Chronicle
Centum eyes lower dividend over Covid-19
Centum has invested in firms such as Sidian Bank, Isuzu East Africa, NAS Servair, Longhorn Publishers and Sabis Runda School .
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Source: Business Daily
Sponsored by NSBE Boston
Kenya: Please Don't Touch Our Cash, Pensioners Say
In a separate memorandum to Parliament, a pensioner's lobby group says the removal of the pension tax exemption for retirees above 65 will make them receive significantly lower
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Source: allAfrica.com
NCBA reveals Sh2. 7 billion Buzeki debt in auction suit
The debt disclosure came in an appeal filed by NCBA which is seeking to block Landmark Port Conveyors Ltd from auctioning 53 trucks and trailers.
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Source: Business Daily
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