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Intraday Update: NSEASI Continues Decline, Dips -0.03% on Sell-Offs in Industrial, Consumer Goods Names

March 20, 2018/InvestmentOne Report ASI as at 12.00pm: -0.03%. Market movers: CADBURY (-9.39%), WAPCO (-5.00%), UNITYBNK (+6.50%), FBNH (+4.27%). Sector Performances: Industrial (-2.01%), Consumer Goods (-0.44%), Banking (+0.38%), Oil &… Read more »

Promasidor Nigeria Celebrates 254 Employees

March 20, 2018/Promasidor Nigeria Promasidor Nigeria Limited, makers of Cowbell Milk, Top Tea, Onga and other quality products, at the weekend, honoured 254 of its employees who have put in… Read more »

Facebook’s value plunges $37 billion on data controversy

March 20, 2018/CNNMoney by Chris Isidore   @CNNMoney Facebook shares took a big hit Monday, shaving about $37 billion off the value of the company. The stock tumbled about 7%… Read more »

Kenya’s Central Bank Cuts Key Rate to Lowest in Three Years

19/3/2018/Bloomberg By Adelaide Changole MPC reduced its benchmark interest rate to 9.5% from 10% Well-anchored inflation allows scope to support growth: MPC Kenyan economic policy makers cut the central bank’s… Read more »

The Future of Audits? – Northern Trust, PwC Launch ”Instant” Blockchain Audits

Culled—Proshare March 20, 2018/Coindesk  Northern Trust, a major U.S. custody bank, is laying the foundations for large-scale adoption of its blockchain-based platform for private equity funds.  In partnership with “Big Four”… Read more »

U.S. expected to impose up to $60 billion in China tariffs by Friday: sources

19/3/2018/Reuters The Trump administration is expected to unveil up to $60 billion in new tariffs on Chinese imports by Friday, targeting technology, telecommunications and intellectual property, two officials briefed on… Read more »

AfDB partners fund construction of 208-kilometre regional road project in Rwanda

1.1 million people to benefit March 20, 2018/AfDB The African Development Bank, the European Union (EU) Delegation in Rwanda, Embassy of Japan in Rwanda and Japan International Cooperation Agency (JICA)… Read more »

Developing African Bond Market

Culled—Proshare March 19, 2018/NSE, AFDB  Local Currency Bond Markets Development  Financing needs related to the Sustainable Development Goals: USD 3,000 to 4000 for developing countries Incremental financing needs for SDGs… Read more »