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Nigerian regulators intervened last week to save the telecom company from collapse after talks with its lenders to renegotiate a $1.2 billion loan failed.
All UAE shareholders of Etisalat Nigeria have exited the company and have left the board and management, Hatem Dowidar said in an interview.Dowidar said discussions were ongoing to provide technical support, adding that it can use the brand for another three weeks before phasing it out.
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Japan FY2020 budget deficit to narrow to 5.5 trillion yen - sources #CAPMondayBusinessTip
Japan's Prime Minister and leader of the ruling Liberal Democratic Party (LDP) Shinzo Abe attends a news conference following a victory in the upper house elections by his ruling coalition, at the LDP headquarters in Tokyo, Japan, July 11, 2016. Japan's primary budget deficit is expected to be around 5.5 trillion yen ($51.77 billion) in fiscal 2020, improving from a 6.5 trillion yen deficit earlier projected but still missing the goal of a surplus, government sources who have seen the figures said on Monday. The primary budget deficit is expected to narrow partly because of the sluggish inflation outlook, with lower prices helping suppress government spending, said one of the sources, who spoke on the condition of anonymity. The forecast is also based on the assumption economic growth would pick up, the source said. Japan's government cut its forecasts for consumer prices earlier this month, saying it expected them to rise 1.4 percent for fiscal 2017, well bel
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Michael Phelps produced a vintage performance to claim an astonishing 19th Olympic gold medal of his career on Sunday. The 31-year-old, who quit the sport after the 2012 Games, was back with a bang in Rio as Team USA eased to victory in the 4x100 meters freestyle relay. Phelps, who produced a stunning second leg, has now won 23 medals in total, extending his record as the most decorated Olympian of all time. With son Boomer in attendance, Phelps did his kid proud, along with teammates Caleb Dressel, Ryan Held and Nathan Adrian. It was the second gold of the night for the U.S. after Katie Ledecky produced an astonishing performance to win gold in the 400m freestyle. The 19-year-old smashed her own world record to win in a time of 3:56.46 -- nearly five seconds ahead of her closest rival. Ledecky's previous best in the 400m was in August 2014, when she came home in 3:58.37 at the Pan Pacific Championships. But she tore that time to pieces to finish ahe
The Countdown is over, Join us today for Suya Sunday Experience at the Sands Sandton. #CAPEvent
Join us for another Suya Sundays Experience taking place today 27th March 2016 : Suya Sundays Experience embodies Pan African parties held around the continent.... Tons of awesome food, great company and a celebration of Afro Pop, Dancehall, House & Hip Hop music that has emerged from the continent. Get your tickets today to discover the sounds and flavours of Africa at Suya Sunday Experience. # Posteritygang # Luxuryinourlifetime Event Info: Today 27th March, 2016. | The Sands Sandton | 12 Midday Till late. F ollow up online for more update | IG | Twitter | FB | Don't Miss The Hit
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