UPDATE 2-Kenya’s Equity nine-month pretax profit jumps on lending boost

(Adds analyst, quotes, background) By Omar Mohammed NAIROBI, Nov 12 (Reuters) – Kenya’s Equity Group reported on Tuesday that its nine-month pretax profit rose to 24.78 billion shillings ($242.11 million) as it overcame the effects of an interest rate cap that slowed economic growth. Net interest income over the period was 32.29 billion shillings, up

Vodacom Tanzania’s H1 core earnings rise on M-Pesa, data revenue

DAR ES SALAAM, Nov 8 (Reuters) – Vodacom Tanzania’s core earnings rose 9.3% in the six months to the end of September, driven by increased revenue from its financial and data provision services, it said on Friday. Tanzania’s biggest telecoms operator, which is partly owned by South Africa’s Vodacom, said revenue from its M-Pesa financial

Kenya: Tullow Now Appeals $50 Million KRA Tax Demand

Kenya Revenue Authority (KRA) will wait longer to know the fate of Ksh5.2 billion ($50.2) tax it demanded from Tullow Oil after the firm appealed the claims. Appearing before the National Assembly Committee on Energy, KRA deputy commissioner in charge of policy Caxton Masudi said the British oil firm has since appealed the demands, slowing

East Africa: Multichoice Injects Kes.57b to Kenyan Economy Between Fy15/16 and Fy 18/19

MultiChoice, recently released an independent socio-economic impact report via Accenture documenting its contribution to the Kenyan economy as part of creating shared value and long-term commitment to Kenya. Accenture conducted the economic impact study outlining the $573.8M contribution MultiChoice Kenya has made directly and indirectly to the Kenyan GDP between the period 1 April 2015

Green groups ask French court to order Total to disclose environmental steps in Uganda

PARIS, Oct 23 (Reuters) – Six French and Ugandan campaign groups have asked a French court to order energy major Total to disclose how it is addressing the human and environmental impact of a Ugandan oil field, green group Friends of the Earth said on Wednesday. Total said on Wednesday it had no immediate comment

UPDATE 1-Barrick Gold reaches deal with Tanzania over Acacia Mining

(Adds CEO, foreign minister comments) Oct 20 (Reuters) – Barrick Gold Corp said it had reached a deal to settle a long-running tax dispute between Tanzania and mining group Acacia, which Barrick bought in a $1.2 billion transaction approved by a British court last month. The tax deal includes the payment of $300 million to

Tanzania: Can Airtel Tanzania’s New Feature Take Over Mobile Money Services?

Tanzania’s smartphone’s network–Airtel Tanzania, has ushered a new mobile money service branded “Send With a withdraw fee”, emerging with a rather customized competitive advantage within the growing mobile money industry in Tanzania. According to Tanzania Communications Authority (TCRA) June quarterly statistics, there are over 22.9 million mobile money accounts in Tanzania, responsible for around 260

REFILE-World Bank court orders Tanzania pay $185 mln to Standard Chartered

(Adds dropped letters in byline) By Fumbuka Ng’wanakilala DAR ES SALAAM, Oct 16 (Reuters) – Tanzania has been ordered by a World Bank arbitration court to pay $185 million to the Hong Kong subsidiary of Standard Chartered for breaching an energy contract. The court’s ruling, which was released on Tuesday, adds to pressure on the

Mexican president confirms Pemex union boss under investigation

FILE PHOTO: Carlos Romero Deschamps, leader of the oil workers union of of Petroleos Mexicanos (Pemex), delivers a speech during the 80th anniversary of the expropriation of Mexico’s oil industry in Mexico City, Mexico March 16, 2018. REUTERS/Edgard Garrido/File Photo MEXICO CITY (Reuters) – The veteran leader of Mexico’s powerful oil workers’ union faces formal

Petrol bombs thrown in Hong Kong metro, no one injured – government

HONG KONG (Reuters) – Petrol bombs were thrown inside a Hong Kong metro station on Saturday but no one was injured, the government said, as pro-democracy protesters again took to the streets angry at what they believe is Beijing’s tightening grip on the city. Police officers patrol the streets following demonstration march in protest against