Updates

Konnect Africa set to reshape the satellite broadband industry

June 6, 2017/Konnect Africa With new-generation services starting today in Benin, Cameroon, Kenya, Lesotho, Nigeria, South Africa, Swaziland, Tanzania and Uganda, Konnect Africa (www.Konnect-Africa.com <http://www.konnect-africa.com/> ) is confirming its bold ambitions for Sub-Saharan Africa. The company’s innovative service offerings and products, included packaged offers inspired by ‘pay as you go’ […]

South Africa tumbles into recession as manufacturing, trade slumps

June 6, 2017/Reuters South Africa has entered recession for the first time in eight years, data from Statistics South Africa showed on Tuesday, after the economy contracted in the first quarter, led by weak manufacturing and trade. The economy contracted by 0.7 percent in the first three months of the […]

Nigeria central bank imposes new spread limit in bid to increase liquidity

June 6, 2017/Reuters Nigeria’s central bank introduced a new spread limit on interbank transactions on Monday, it said in a statement, in an attempt to boost liquidity in the currency market. All interbank transactions will be subject to a maximum spread of 1 naira ($0.0033), the Central Bank of Nigeria […]