MTN Rwanda airtime distributors and vendors have since last week hiked airtime voucher cards citing increment in prices at which they purchase the cards from the company.

Shareholders of Guinness Nigeria Plc, yesterday unanimously approved the N11.1 billion dividend declared by the Board of Directors of the company, even as they requested for a bonus issue.

ECOBANK Nigeria Plc has recovered a loan of N18.19 billion from its debtors after it scale through the audit of banks by the Central Bank of Nigeria (CBN).

Botswana Stock Exchange-listed Aviva Corporation plans to place its Mmamantswe Integrated Coal and Power Project on care and maintenance pending the outcome of Independent Power Producers' (IPPs) decision from Eskom of South Africa.

Safaricom's half year pre-tax profit for the period ending September 30, 2009 rose 1.7 per cent against a competitive environment and dwindling average revenue per user (ARPU).

Neeraj Sharmp, the managing director of Safeway SuperMarket, was recently brought before Senior Magistrate Abdoulie Mbake of the Kanifing Magistrates Court, charged with cheating.

CARGO Carriers said yesterday its re-entry into Zimbabwe had paid off after sugar operations there lifted the group's interim results to August .

WEALTH and asset management group Peregrine said yesterday basic earnings leapt 126% to R123m in the six months to September due to marked improvement in investment returns.

OIL companies around the world are forging ahead with the development of alternative fuels for the aviation industry, and petrochemicals giant Sasol is no exception.

THE board of junior miner Wesizwe Platinum has asked CEO Michael Solomon and chairman Robert Rainey to step down in yet another boardroom drama involving a mining company in less than two months.

MARKETS punished Illovo Sugar yesterday after it predicted flat earnings growth for this financial year, despite high sugar prices.

WHILE there were signs of house price declines stabilising and the economy bottoming out, a quick turnaround in the housing market was improbable, Standard Bank 's residential property report says.

The recession has created "nothing less than a fiscal calamity" for SA with the gains made in 15 years of fiscal prudence and tight management wiped out in about 12 months, Sanlam group economist Jac Laubscher said yesterday.

THERE was no financial mismanagement at Nafcoc Investment Holding Company (Nafhold) and it was running competently, democratically and according to the highest standards of good corporate governance, CEO Michael Leaf said yesterday.

The fifth Global System for Mobile communications operator in the country, Etisalat Nigeria in collaboration with the Research In Motion (RIM), have launched the BlackBerry solution into the nation's market.

THE future of Kombat might soon be bright again after a South African firm, Cubenco 192, received an option to buy the copper mine from Weatherly Mining Namibia for US$3 million - nearly N$24 million at yesterday's official exchange rate.

Lonrho is a London-listed conglomerate with a rich history and long involvement in Africa. Established in 1909 as the London and Rhodesian Mining Company, the company became well known under Tiny Rowland, who led it for three decades from 1961

THE Management of Capital Oil, an operator in the downstream oil and gas sub-sector has accused major marketers of petroleum products of masterminding the artificial fuel scarcity currently experienced across the country.

EQUITY Bank, East Africa's microfinance bank, has posted a 48% rise in pre-tax profit to Ksh4.3b (about sh107b) in the year to September, up from Ksh2.9b during the same period last year, latest financial results show.

THE rebranding of AIG Uganda into Chartis will not affect existing policies, a top official said on Monday. "Although we have taken on a new brand, we maintain our commitment to our clients and to taking the lead in underwriting