APO - Africa Newsroom

Source: Oakbay Investments Ltd |

Court Rules FIC Report and Jonas Affidavit Irrelevant to Gordhan Application

Oakbay calls again for information on 72 transactions

Ronica Ragavan, Acting CEO of Oakbay Investments (http://OakbayInvestments.co.za), responds to today’s events in Court: “We are delighted that the FIC report, Deputy Minister Jonas’s affidavit and any reference to either of them have been struck from the Finance Minister’s application. As the Court agreed, the report and the Jonas affidavit…

Source: International Monetary Fund (IMF) |

IMF Staff Initiates Discussions on a Possible IMF-Supported Financial Arrangement for Sierra Leone

The IMF team welcomes the authorities’ plan to enhance domestic revenue, while increasing public investment aimed at reducing social and infrastructure gaps

The economy proved resilient in the face of two major exogenous shocks: the Ebola epidemic and collapse of iron ore prices and associated loss of production in 2014-2015. The economy is projected to expand by 6 percent in real terms in 2017, but the macroeconomic situation remains challenging. The IMF…

Source: The Nigerian Stock Exchange Corporate News |

The Nigerian Stock Exchange X-Gen News Alert - Livestock Feeds Plc

Company Name: Livestock Feeds PLC. (http://LivestockFeedsPLC.com)  Company Symbol: LIVESTOCK [LIVESTOCK]>> Company Report Livestock Feeds PLC Audited Financial Statements for the Period Ended 31 December 2016 2016 2015 N N Revenue: 11.1b 9.0b  Profit Before Tax: 233.9m 300.1m Taxation: (71.7m) (112.2m) Profit After Tax: 152.3m 187.9m Basic Earnings Per Share (K):…

Source: WorldRemit |

Kenyans abroad are the biggest senders of mobile to mobile remittances

As M-PESA turns 10, data shows 93% of WorldRemit’s money transfers to Kenya go to mobile money accounts

To mark the 10th anniversary of ground-breaking mobile money service M-PESA, WorldRemit (www.WorldRemit.com) has released new data showing that the Kenyan diaspora is the biggest sender of digital remittances to mobile accounts. Transfers to mobile money accounts make up 93% of WorldRemit transactions to Kenya now - showing that Kenyans…

Source: The Nigerian Stock Exchange Corporate News |

The Nigerian Stock Exchange X-Gen News Alert - Cement Co. of North. Nig. Plc

Company Name: Cement Co. of North. Nig. Plc (www.SokotoCement.com)  Company Symbol: CCNN [CCNN]>> Company Report Cement Company of Northern Nigeria Plc.  Market Summary for the Year Ended 31st December  2016 2015 N'000 N'000 Revenue: 14,087,553 13,037,847  Cost of Sale: -10,151,268 -9,185,438  Gross Profit: 3,936,285 3,852,409  Profit before Tax: 1,740,522 1,549,596 …

Source: The Nigerian Stock Exchange Corporate News |

The Nigerian Stock Exchange X-Gen News Alert - Champion Breweries PLC

Company Name: Champion Breweries PLC (www.ChampionBreweries.com) Company Symbol: CHAMPBRIGHTS [CHAMPBRIGHTS]>> Company Reports Champion Breweries PLC Audited Financial Statements for the Twelve Months Ended 31 Dec 2016  Dec 2016 Dec 2015 N'000 N'000 Turnover: 3,864,943 3,501,845  Cost of Sales: (2,797,890) (2,502,147) Profit before Tax: 637,300 210,179  Taxation: (150,895) (171,303) Profit after Tax:…

Source: The Nigerian Stock Exchange Corporate News |

The Nigerian Stock Exchange X-Gen News Alert - PZ Cussons Nigeria Plc

Company Name: PZ Cussons Nigeria Plc. (www.PZCussons.com/en_int/markets/nigeria) Company Symbol: PZ [PZ]>> Company Report PZ Cussons Nigeria Plc  Unaudited Financial Statement for 3rd Quarter Ended 28 February, 2017  Feb 28, 2017 Feb 28, 2016  N'000 N'000  Revenue: 57,149,867 50,656,895  Cost of Sales: (37,925,397) (36,966,969)  Profit before Tax: 2,354,946 2,139,976  Taxation: (753,583)…

Source: The Nigerian Stock Exchange Corporate News |

The Nigerian Stock Exchange X-Gen News Alert - Custodian and Allied Plc

Company Name: Custodian and Allied Plc (www.CustodianPlc.com.ng)  Company Symbol: CUSTODYINS [CUSTODYINS]>> Company Report Custodian and Allied Plc  Audited Group Financial Statements for the Year Ended December 31, 2016  Revenue: December 2016 N38.55b December 2015 N29.79b  Profit before Tax: December 2016 N7.39b December 2015 N5.73b Taxation: December 2016 (N2.06b) December 2015 (N1.53b)  Profit after…

Source: The Nigerian Stock Exchange Corporate News |

The Nigerian Stock Exchange X-Gen News Alert - MRS Oil Nigeria Plc

Company Name: MRS Oil Nigeria Plc. (www.MRSOilNigPlc.net)  Company Symbol: MRS [MRS]>> Company Report MRS Oil Nigeria Plc  Audited Financial Statements for Year 2016  Revenue/ Gross Earnings: Dec.2016 N109.64b Dec.2015 N87.10b  Profit/ (Loss) Before Tax: Dec.2016 N2.29b Dec.2015 N1.46b  Taxation: Dec.2016 N821.44m Dec.2015 N525.22m  Profit/ (Loss) After Tax: Dec. 2016 N1.47b…

Source: The Nigerian Stock Exchange Corporate News |

The Nigerian Stock Exchange X-Gen News Alert - Consolidated Hallmark Insurance Plc

Company Name: Consolidated Hallmark Insurance Plc (www.ConsolidatedHallmark.com)  Company Symbol: HMARKINS [HMARKINS]>> Company Report Market Summary Name Consolidated Hallmark Insurance Plc 2016 2015 Gross Written Premium 5,826,950,292 6,039,451,539  Gross Premium Earned 5,708,277,060 5,875,522,094 Net Premium Earned 3,508,281,773 3,189,789,051  Net Claims Paid 1,387,143,712 958,013,626  Management Expenses 1,340,451,352 1,168,001,089  Underwriting Profit 1,068,527,508 1,369,752,603 …