Oil Cuts ‘Only Viable Option’ to Stabilize Market, Says Barkindo

[Vanguard] The Organisation of Petroleum Exporting Countries, OPEC, Secretary-General, Nigerian-born Mohammad Barkindo, yesterday said that the oil market is re-balancing at a quickening pace, proffering production cuts as the “only viable option” to r…

[Vanguard] The Organisation of Petroleum Exporting Countries, OPEC, Secretary-General, Nigerian-born Mohammad Barkindo, yesterday said that the oil market is re-balancing at a quickening pace, proffering production cuts as the "only viable option" to restore stability.

source: AllAfrica News: Nigeria

Foreign Exits From Safaricom Drag Down the Market

[Nation] The Nairobi Securities Exchange (NSE) full-week performance was dragged lower by foreign investors exiting Safaricom and banking shares. The main NSE-20 share Index fell 1.3 per cent to close the week at 3,752.15 points.

[Nation] The Nairobi Securities Exchange (NSE) full-week performance was dragged lower by foreign investors exiting Safaricom and banking shares. The main NSE-20 share Index fell 1.3 per cent to close the week at 3,752.15 points.

source: AllAfrica News: Kenya