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EFT Reporter

Africa

John Dramani Mahama returning as Ghana president on pledge to mend economy

National Democratic Congress (NDC) presidential candidate and former Ghanaian President John Dramani Mahama salute supporters during his final election campaign rally in Accra, Ghana December 5, 2024. REUTERS/Zohra BensemraBy Maxwell Akalaare…
Africa

SA investor wants answers on Ecsponent E2.3 billion lost funds

…writes to the Chief Justice of the Supreme Court of Appeal in BloemfonteinA building showing the Ecsponent logoBy Bahle GamaEcsponent not only gives sleepless nights to Eswatini investors but even…
Africa

Equinor completes Nigeria, Azerbaijan asset sales of up to $2 billion

The logo of Equinor is set up at the entrance of a building at Western Europe’s largest liquefied natural gas plant Hammerfest LNG in Hammerfest, Norway, March 14, 2024. REUTERS/Lisi…
Articles

Nissan boss Uchida races to save the automaker – and his job

Nissan CEO Makoto UchidaBy Norihiko Shirouzu,  David Dolan and Maki ShirakiTOKYO – In early October, Nissan Motor managers dialled in for a regular online meeting with boss Makoto Uchida only to hear a grim message:…
Africa

Ghana begins construction of $12 bln petroleum hub

FILE PHOTO: President Nana Addo Dankwa Akufo-Addo of Ghana speaks during a press conference during the Summit on Peace in Ukraine, in Stansstad, Switzerland, June 16, 2024. ALESSANDRO DELLA VALLE/Pool…
Africa

Eswatini secures E6 billion in grants over 20 years for HIV, TB, and Malaria battle

By Ncaba NtshakalaEswatini has successfully secured grants amounting to an impressive E6.48 billion through the Eswatini Country Coordinating Mechanism (CCM) over the past two decades, which has been a major…
Africa

SA Reserve Bank to cut rates 25 bps to 8.00% on Sept. 19

SA Reserve Bank By Vuyani NdabaSouth Africa’s Reserve Bank is expected to cut interest rates for the first time in more than two years – by 25 basis points to 8.00%…
Africa

Ronnie’s sharp pencil redefined Eswatini’s portraiture!

Ronnie’s sharp pencil redefined Eswatini’s portraiture!By Siphesihle DlaminiStep into the mesmerizing world of artistry with Ronnie Dlalapencil, the visionary artist wielding a pencil like no other. Eswatini Financial Times: Can you…
Africa

Boost for MK Party as Floyd Shivambu crosses floor

Floyd ShivambuJOHANNESBURG – The deputy leader of the South African opposition party the Economic Freedom Fighters (EFF) said on Thursday he was resigning to join the party led by former president Jacob Zuma, uMkhonto we Sizwe (MK).Floyd…
Africa

South Africa’s Standard Bank posts 4% rise in half-year profit

JOHANNESBURG, Aug 15 (Reuters) – Africa’s biggest lender by assets Standard Bank said on Thursday its half-year profit rose by 4%, with performance supported by franchise growth in its banking businesses…