February, 2017

• 28 February

  Barclays Africa to list Gold ETF in Kenya

  

    DUBAI / Reuters Barclays Africa Group Ltd. is preparing to list its NewGold ETF on the Nairobi Securities Exchange after receiving regulatory approval to begin trading the securities. “We expect the listing to take place early this year,’’ Michael Mgwaba, head of exchange traded products at Johannesburg-based Barclays Africa’s Absa Capital unit, said in an e-mailed response to questions. ...

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• 28 February

  SocGen banker to give secret testimony in Libya bribery case

  

    Bloomberg A Societe Generale SA executive will have his testimony in a Libyan bribery lawsuit heard in secret because of the risk he may incriminate himself in a U.S. criminal probe. Judge Nigel Teare refused a request by head of sales for global markets Marc El Asmar to escape testifying, according to the banker’s attorneys, who said on Monday ...

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• 28 February

  Brexit poses biggest challenge for economy: BOE

  

    Bloomberg Bank of England Deputy Governor-designate Charlotte Hogg said Brexit poses the biggest challenge for the economy and warned of the potential for a sharp drop in consumer spending that could hurt growth. BOE policy makers expect real incomes will be eroded this year as the slump in the pound boosts inflation above its 2 percent target. That’s a ...

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• 28 February

  Ukrainian central banker edging towards exit unnerves markets

  

    Bloomberg The possible departure of Ukraine’s central bank governor unnerved bond investors as questions arose over the fate of vital economic overhauls should she step down. Disappointed by a lack of government reforms, Valeriya Gontareva has told President Petro Poroshenko of her intention to resign, a person familiar with the matter said. Presidential spokesman Svyatoslav Tsegolko declined to comment ...

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• 28 February

  Starbucks to make Italian debut after 35 years

  

    Bloomberg Starbucks Corp., setting up shop in Italy for the first time, will open a Roastery location in Milan next year, turning to its upscale brand to gain a foothold in the country that birthed espresso. The 25,500-square-foot (2,370-square-meter) retail space will open in a historic post office in the city’s center in late 2018, about a year later ...

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• 28 February

  Vodacom’s Tanzania unit plans to raise $213mn in debut IPO

  

    Bloomberg Vodacom Group Ltd.’s Tanzanian unit plans to raise 476 billion shillings ($213 million) in a share sale, the first of a series of initial public offerings by telecommunications companies on the domestic stock exchange this year. The company plans to sell 560 million shares at 850 shillings each after it received approval on Tuesday from the Capital Markets ...

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• 28 February

  India may sell 51% stake in Air India to investor

  

    Bloomberg India is considering selling a majority stake in Air India to a strategic partner after a $3.6 billion bailout failed to turn around the loss making national carrier, people with knowledge of the matter said. The proposal includes reviving Air India within five years of selling a 51 percent stake, the people said, asking not to be identified ...

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• 28 February

  CEB flies over 19mn passengers in 2016

    Emirates Business The Philippines’ largest airline, Cebu Pacific (CEB), flew 19.1 million passengers in 2016, an increase of 4% from the 18.4 million passengers flown in 2015. On average, CEB flights were 86% full during the year. Growth in passenger volume was largely driven by the airline’s low-cost short-haul services, and increased frequencies in key domestic markets. Specifically, the ...

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• 28 February

  United’s ‘docile’ days are over as Kirby taps American playbook

  

    Bloomberg United Continental Holdings Inc.’s addition of 47 domestic round-trips marks a stepped-up effort to regain ground lost to rivals as a new management team tries to shed the airline’s reputation as an industry doormat. United aims to ‘compete and win across the board,’ President Scott Kirby said in a message about the new service. The carrier is also ...

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• 28 February

  tajawal collaborates with Visa Checkout

  

    Dubai / Emirates Business tajawal, the Dubai-based online travel startup, has collaborated with Visa Checkout to provide easy payment solutions to its customers. This move makes it the first online travel agency in the MENA region to integrate quick digital payment solutions on their portal. Muhammad Chbib, tajawal co-Founder and CEO said, “The decision to add Visa Checkout as ...

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