South Africa passed 200 days of power cuts in 2022 on Tuesday, with more to come. Eskom has implemented record rotational blackouts this year because its old and poorly maintained …
Radarr Africa Business Desk
Radarr Africa Business Desk
The Radarr Africa Business Desk reports daily on companies, markets, banking, energy, technology and policy across Nigeria and Africa. Stories are reviewed and edited by The Radarr Africa Editorial Team in Lagos. Story tips and corrections: business@radarr.africa.
- BusinessMobile Telecommunications Network (MTN)South AfricaTechnologyTelecommunications
South African reveal the biggest achievements on networks mobile in 2022
The first-ever high-demand frequency spectrum auction, a tussle for Telkom, and a big step towards rescuing Cell C were among the most significant events in the South African mobile network …
South African wine is becoming more popular in Japan, where its market share has been growing faster than the average growth of wine as a category in that country. Marcus …
The Federal Government has disclosed that the value of agricultural products exported from Nigeria to the United States in 2020 was $63m. The Minister of Industry, Trade and Investment, Adeniyi …
- BusinessINVESTMENTMoroccoNorth AfricaTechnology
Sumitomo Invests MAD 2 Billion in Morocco’s automotive ecosystem
Japanese company Sumitomo Electric Industries has signed an agreement with Morocco’s Ministry of Industry and Trade to invest nearly MAD 2 billion ($190 million) in Morocco’s automotive ecosystem. The investment …
INTELS Nigeria Limited has graduated a fresh batch of 73 beneficiaries in its Women Empowerment Project Scheme Synergy, bringing the total number of beneficiaries of the scheme to 1,700. A …
After a storming year in 2021, Bitcoin’s value declined significantly in 2022, dropping as low as $15,757 in November. The world’s largest cryptocurrency didn’t start the year well, having its worst …
Eskom has announced that it has incurred a R12.3 billion loss for the year ending 31 March 2022. This is an improvement on 2021’s R25 billion loss caused by Eskom’s …
Meta Platforms has agreed to pay $725 million to settle a long-running lawsuit that claimed Facebook illegally shared user data with the research firm Cambridge Analytica It’s “the largest recovery …
Intel, the biggest maker of processors that are the heart of computers, broke up its graphics-chip organization in a bid to accelerate efforts to take sales from Nvidia and AMD. …