MTN made big announcements at this years AfricaCom in Cape Town. Photo: Simphiwe Mbokazi/ANA

CAPE TOWN – Good morning. This is all the latest business news that you need to know today.

1. MTN in move to launch mobile banking deal for Nigerians

MTN, Africa’s biggest telecoms operator, is determined to shrug off its woes in Nigeria and is set to launch a mobile banking product in the country as it seeks to increase its dominant position on the continent.

2. WATCH: Rand weakens after low China loan growth data

 The rand remained on the back foot during yesterday’s European trading session according to NKC Research. 

3. Airbnb puts SA farms on the tourism map

The farming industry is tough. Like every other industry, it’s battling water shortages, along with the ever increasing cost of fuel.

4. AEEI eyes more acquisitions after sterling performance

The share price of African Equity Empowerment Investments (AEEI) surged more than 12 percent on the JSE yesterday after the JSE-listed investment holding company released its annual results, which saw its earnings increase by 946 percent.

5. Check out this new 'alcohol-free snack' created by Castle Lager

South African Breweries and AB InBev are piloting a savoury grain snack made from locally grown grain, the proceeds of whose sale will be used to help develop emerging farmers and support community development initiatives, the companies said.

6. Telkom outpaces rivals, dials up R3.6bn revenue

Telkom is upping the ante in the highly competitive mobile business, with the group’s average revenue per customer increasing at a more rapid pace than that of its rivals. 

7. GALLERY: Energizer announces growth of its mobile phone #AfricaCom

American battery manufacturer Energizer on Tuesday announced the significant growth of its mobile phone since its first launched last year.

BUSINESS REPORT ONLINE