Italtile sells stake to Yard Investments Holdings to improve its BEE credentials

Italtile sells stake to Yard Investments Holdings to improve its BEE credentials

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SOUTH AFRICA – Italtile Commercial Division, a tile manufacturer has sold 2% of its stake for R312.2m (US$21.21) to Yard Investments Holdings in a black economic empowerment (BEE) transaction, reported Business Day. Yard Investments Holdings, an equity investment firm, was founded by…

ECOWAS to implement automotive industry policy to reduce vehicle import

ECOWAS to implement automotive industry policy to reduce vehicle import

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GHANA – Economic Community of West Africa States (ECOWAS) is considering implementation of automotive industry policy to reduce importation of vehicles into the region. According to GNA report, the validation of ECOWAS Automotive Industry Policy Framework would enable member states countries to…

World Bank’s arm offers US$4.8m financing to boost Kenya businesses

World Bank’s arm offers US$4.8m financing to boost Kenya businesses

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KENYA – The International Finance Corporation (IFC), the financial institution of the World Bank has offered to invest US$4.8 million (Sh490 million) in technical advisory services to the Kenyan government to boost businesses. The deal is expected to help in promoting business…

Global ecommerce sales grow 13% to reach US$29 trillion

Global ecommerce sales grow 13% to reach US$29 trillion

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GLOBAL – Global ecommerce sales increased by 13% to reach approximately US$29 trillion in the year 2017, according to latest figures from United Nations Conference on trade and development (UNCTAD). The number of online shoppers increased by 12% to 1.3 billion people,…