MTN terrorist support allegations; Petrol price drop; RBM ops resume; Kenya stocks outshine SA
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In today's headlines:
- MTN said it was reviewing allegations from the United States which accuses several firms, including MTN, of paying protection money to militant Islamist groups in Afghanistan;
- Improved sentiment towards emerging markets has boosted the rand and the currency managed to break below the R14 a dollar level yesterday ending slightly weaker at the close of trading at R14.06;
- The Rio Tinto Group is resuming operations at the Richards Bay Minerals mine that was shuttered earlier this month because of escalating violence in surrounding communities; and
- Kenya's stock market outperformed South Africa and was the best performer among sub-Saharan African stocks over the past decade. Nairobi’s benchmark gauge climbed 74% compared to South Africa's 9%.
- MTN said it was reviewing allegations from the United States which accuses several firms, including MTN, of paying protection money to militant Islamist groups in Afghanistan;
- Improved sentiment towards emerging markets has boosted the rand and the currency managed to break below the R14 a dollar level yesterday ending slightly weaker at the close of trading at R14.06;
- The Rio Tinto Group is resuming operations at the Richards Bay Minerals mine that was shuttered earlier this month because of escalating violence in surrounding communities; and
- Kenya's stock market outperformed South Africa and was the best performer among sub-Saharan African stocks over the past decade. Nairobi’s benchmark gauge climbed 74% compared to South Africa's 9%.
