United Airlines one of the world’s biggest air carriers has revealed plans to electrify its fleet for short-haul flights. The electrified planes will initially be used for 200 miles (322km) …
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Morocco and Nigeria Gas Pipeline set to Receive $25 Billion in Investment next year
The Nigeria-Morocco Gas Pipeline is set to receive a total investment of $25 billion next year, according to the head of the West African nation’s state oil company. Discussions for …
- BusinessSouthern Africa
Glencore faces lawsuit from investment and pension funds in UK after pleading guilty to bribery charges
Glencore faces a raft of class-action style lawsuits from investment and pension funds in the UK, months after the mining giant pleaded guilty to market manipulation and bribery. Mubadala Investment …
Apple is planning to switch all the ports in its product line-up to USB-C by 2024, according to Bloomberg’s Mark Gurman. In his latest Power On newsletter, Gurman said that …
- BusinessKenya NewsMarkets
NSE has petitioned the CMA to amend the regulations that impose term limits for its CEO
The Nairobi Securities Exchange (NSE) has petitioned the Capital Markets Authority (CMA) to amend regulations that impose term limits for its CEO and allow the bourse to extend the tenure …
- BusinessSouthern Africa
Supreme Court of Appeal rules against ACSA amendment objection to additional assessment
The Supreme Court of Appeal (SCA) has ruled that Airports Company South Africa (ACSA) is not entitled to amend an objection against an additional assessment of its 2011 tax year …
Kenyan households can now breathe a sigh of relief as prices of cooking gas drop by over Sh100. A spot-check by Capital Business showed that a six-kilogram cylinder price of Rubis Energy …
- Banking, Finance & InvestmentBusinessNigeriaWestern Africa
Lagos seeks partnership with World Bank for mass housing development
The Lagos State Government has sought increased partnership with the World Bank for the development of mass housing schemes across the state. The appeal by the state government followed increasing migration to Lagos from …
EskomSePush will soon get water outage tracking, fire reporting, and support for adding load-shedding to your smartphone or computer’s calendar. Developers Hermann Maritz and Dan Southwood-Wells have told sunday newspaper Rapport …
As Nigeria’s federal budget proposal surges past an unprecedented N20 trillion, capital expenditure which covers projects with direct impact on citizens is receiving no extra funding from last year, according …