Sunday, January 23, 2022

Shell Appeals $2 Billion Judgment in Nigeria Pollution Case

0
A Nigerian court will hear Royal Dutch Shell Plc’s appeal to overturn an almost $2 billion award against the company for allegedly...

Africa Finance Corp. Secures New Funders from South Korea, Dubai

0
Africa Finance Corp., which focuses on infrastructure across the continent, raised $400 million in a syndicated loan to bolster its balance sheet...

Tanzania, Burundi sign agreement for construction of 282 km standard guage railway

0
Tanzania and Burundi have signed an agreement for the joint construction of a 282-kilometer standard gauge railway (SGR), according to a statement...

Nigeria lifts Twitter ban after seven months

0
Nigeria has lifted its ban on Twitter - seven months after clamping down on the social networking site. Nigeria's...

StanChart to shut half its Nigerian branches as focus shifts to digital

0
Standard Chartered is closing about half its Nigerian branches in a pivot to digital banking, according to people familiar with the matter,...

Ghanaian Health Startup Raises $35 million for Africa Expansion Plan

0
mPharma, a Ghanaian health startup, has raised $35 million for further expansion in Africa with the help of Citigroup Inc and other...

Kenya unveils largest shipyard in sub-Saharan Africa

0
Kenya unveiled a modern shipyard at the Mtongwe Navy base in Mombasa on Friday, making it the first country in sub-Saharan Africa...

Nigeria to Ban Airlines from 3 Countries

0
Nigeria announced Sunday that the country will ban the entry of passenger planes from the UK, Canada and Saudi Arabia.

African Startup Inflows Seen Hitting Record $5 Billion This Year

0
Fund raising by African startups is set to reach $5 billion in 2021, a higher amount than the figure raised in the...

Africa Free-Trade Pact Could Counter Covid-19 Impact on Growth, UN Says

0
A continent-wide free-trade pact could help boost economic growth and reduce inequality in Africa as the Covid-19 omicron variant threatens to weigh...

MTN to Make Covid Vaccines Mandatory for Staff

0
Africa's largest mobile phone company MTN has announced mandatory Covid-19 vaccines for its staff from January but it will give exemptions on...

Regional banks in Africa need to partner to address the effects of pandemic and...

0
Africa’s public development banks (PDBs) need to work together, improve their governance structures and be well-capitalized if they are to address emerging...

Ghana Unexpectedly Hikes Rate for First Time in Six Years

0
Ghana’s central bank raised its benchmark interest rate for the first time since 2015, citing “significant” inflation risks.  The...

Intra-African Trade Fair 2021 poised to boost commerce across Africa

0
The Intra-African Trade Fair (IATF2021) will see Durban host key figures from the world of trade, including entrepreneurs, financiers, governments and regulators,...

Rwanda goes electric with locally made motorbikes

0
For 12 years Didier Ndabahariye has been ferrying passengers around the streets of Kigali - one of the thousands of motorbike taxi...

Cargill finishes upgrades at cocoa processing plant

0
Cargill announced on Nov. 2 that it has completed a $100 million expansion of its cocoa processing facilities in Yopougon, Côte d’Ivoire,...

Algeria stops gas exports to Spain via Morocco

0
Algerian President Abdelmadjid Tebboune decided on Sunday to stop natural gas exports to Spain through Morocco, the official APS news agency reported.

South Africa to Develop $500 Million Green Investment Plan

0
South Africa will develop a green investment plan of as much as $500 million, representing a fraction of what’s needed, to fund...

Traders Worry Over Ghana Debt Trajectory Ahead of Budget

0
Ghana’s credit-risk premium has soared to the highest since the start of the pandemic ahead of next month’s budget.

Occidental agrees to sell two Ghana assets for $750 mln

0
Occidental Petroleum Corp (OXY.N)agreed to sell its interests in two Ghana offshore fields for $750 million to Kosmos Energy and Ghana National Petroleum...