The UK Financial Conduct Authority has suspended Petra Diamonds’ shares from London trading after the South Africa-focused diamond producer failed to publish its annual financial report by the regulatory deadline. The UK Financial Conduct Authority suspended Petra Diamonds’ listing from 7:30 a.m. on November 2. Trading in the company’s shares on the London Stock Exchange…
The UK government has backed away from a proposal that could have forced thousands of migrant care workers already living in the country to wait up to 15 years before qualifying for permanent settlement, offering relief to overseas employees from Africa and other regions. The UK government has dropped a plan that would have forced…
British International Investment (BII), the UK’s development finance institution, plans to invest approximately £2.25 billion ($3 billion) in some of Africa’s riskiest markets over the next five years, targeting economies largely overlooked by major institutional investors. British International Investment (BII) will inject around £2.25 billion into Africa’s riskiest and most overlooked markets over the next…
