Consortium to take minority stake in South Africa’s Cell C

JOHANNESBURG (Reuters) – Blue Label Telecoms said on Friday a consortium had agreed to take a minority stake in South Africa’s third largest mobile carrier Cell C, of which it owns 45 percent. Blue Label, which has been trying to dig Cell C out of debt since it purchased its stake in the carrier for 5.5 billion rand ($392.28 million) in October 2016, said the deal would help the struggling company. It named the investor as The Buffet Consortium, but did not say who that included and Reuters was not…

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Zimbabweans queue outside banks as new currency begins trading

HARARE (Reuters) – Queues formed outside banks in the Zimbabwean capital Harare on Friday as the central bank opened trading of a new currency, a Reuters witness said. Zimbabwe’s central bank announced on Wednesday that it would scrap the peg between its quasi-currency bond note and the U.S. dollar, creating a new currency from the bond notes and notional electronic dollars that will be known as RTGS dollars. The central bank sold banks U.S. dollars at a rate of 2.5 RTGS dollars on Friday morning, governor John Mangudya said. Reporting…

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How To Break Bad Management Habits

[embedded content] Companies are counting on their future leaders to manage with more speed, flexibility and trust than ever before. But how can middle managers climb the corporate ladder while also challenging the way things have always been done? Leadership expert Elizabeth Lyle offers a new approach to breaking the rules while you’re on your way up, sharing creative ways organizations can give middle managers the space and coaching they need to start leading differently. Previous articleThings Are About To Change For Kenya’s LGBT Community Next articleRnB Artist Tellaman Is…

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Mozambican government wants to stop the import of used cars

By Arnaldo Cuamba The Mozambican government wants to stop importing used cars, after last year aggravating the import tax on cars from that line. According to the Minister of Transport and Communications, Carlos Mesquita, Mozambique can not continue to be the preferred destination of used vehicles without any guarantee of technical assistance. “It is our vision that the country needs to invest in the importation and sale of vehicles with the necessary guarantee of quality, maintenance and, above all, the supply of genuine spare parts” he said, adding that only…

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South Africa’s updated long-term energy plan to be ready in March – minister

JOHANNESBURG (Reuters) – South Africa plans to finish an updated version of its long-term energy plan in March after talks with business and labour leaders, Energy Minister Jeff Radebe said on Tuesday. Radebe had told Reuters in January that an update to the closely-watched Integrated Resource Plan (IRP) would be ready in February. Reporting by Alexander Winning; editing by John Stonestreet

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The Money Game vs. The Integrity Game.

Like Like Love Haha Wow Sad Angry 1 (ThyBlackMan.com) Earlier this month, Mo’Nique was a guest on Steve, hosted by friend and fellow comedian/actor Steve Harvey. The interview featured a few laughs and personal conversation that sparked discussion afterward. A discussion about integrity vs. money. The Mo’Nique Interview So things started off fairly light. As a host, Mo’Nique is good but she shines as a guest. This woman never meets a beat and it will tie in later. After some friendly talk, things got serious. Steve directed the conversation towards Mo’Nique…

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Uganda’s growth forecast to go up- IMF

Uganda is expected to have a record growth of 6. 3 percent in the 2018/ 2019 fiscal year, up from 2018, according to the International Monetary Fund (IMF). In a statement, the Fund attributes this to robust activity in the manufacturing, construction and services industry. The IMF also said, Kampala’s inflation is expected to stabilize at around 5 percent over the next 12 months, thus reaching the threshold set by its Central bank. According to the Bretton Woods institution, the East African nation badly needs a sustained economic growth rate…

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Ethiopia and Djibouti sign deal to build gas pipeline

ADDIS ABABA (Reuters) – Ethiopia and Djibouti have signed a deal to build a pipeline to transport Ethiopian gas to an export terminal in the Red Sea state, officials said. Ethiopia found extensive gas deposits in its eastern Ogaden Basin in the 1970s. China’s POLY-GCL Petroleum Investments has been developing the Calub and Hilala fields there since signing a production sharing deal with Ethiopia in 2013. The agreement between Djibouti and Ethiopia comes more than a year after POLY-GCL signed a memorandum of understanding with Djibouti to invest $4 billion…

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South Africa’s NUM union warns ANC over Eskom split plan

JOHANNESBURG (Reuters) – South Africa’s National Union of Mineworkers (NUM) warned the ruling African National Congress (ANC) on Thursday not to take its members’ votes for granted at a May election, as it expressed anger at a government plan to split power firm Eskom. The NUM, which is the biggest union at Eskom with around 15,000 members, said at a news conference that it “barged into” the ANC’s headquarters in downtown Johannesburg after President Cyril Ramaphosa said Eskom would be split into three entities. Senior ANC officials assured the NUM…

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USAfrica: Nigeria’s 2019 election, Buhari’s cabal, baboons and monkeys

By ATEDO N.A, PETERSIDE. Special to USAfrica [Houston] • USAfricaonline.com ANAP Foundation has commissioned opinion polls for every presidential [election] and many governorship [elections in Nigeria] since 2011. The results of the extensive polls conducted, on our behalf by NOI Polls, for the 2019 presidential election indicate that respondents who were undecided and/or unwilling to disclose their candidate (the Undecided) at the time of the poll (January ending) were a whopping 38 per cent of the total voters’ sample. The poll findings confirm that President Muhammadu Buhari (PMB) of the…

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