Four South African labor unions took a step toward joining a strike over the government’s refusal to raise their pay by more than 3%. The unions, whose members include employees …
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.
- AFRICA NEWSBusinessEconomyEnergyNigeria
Power generation on the national grid increases by 4,864MW in 48 hours
Power generation on the national grid increased by 834.8 megawatts between Monday and Wednesday morning, hitting a high of 4,863.7MW at 6am on Wednesday. Data obtained from the Abuja headquarters …
Glencore officials delivers cash in private jets to officials across Africa, UK prosecutors said as they laid out a web of bribery and corruption orchestrated by the London oil trading …
Power outages have been reported in Nairobi, Mt Kenya and Coast areas, affecting thousands of businesses. A spot-check by Capital Business revealed that building in Nairobi Town were out of power, forcing businesses …
- Banking, Finance & InvestmentBusinessEconomyMoroccoNorth Africa
Standard Bank Plans to expand into Morocco and North Africa
Johannesburg-based Standard Bank has announced its plans to expand into North Africa, particularly in Morocco and Egypt. Africa’s largest lender by assets plans to enter the continent’s biggest economies to …
- BusinessEconomyMoroccoTransportation & Logisitics
Morocco’s Customs Imposes taxes on Gifts and Cash exceeding MAD 2,000
Recent news reports indicating that Morocco’s customs authorities (ADII) are adding a new round of tariffs on travelers bringing gifts and cash upon entering Morocco are “unfounded.” Speaking to Moroccan …
- AFRICA NEWSBanking, Finance & InvestmentBusinessEconomyGhanaMobile Telecommunications Network (MTN)
MTN Ghana to increase service revenue by a quarter
MTN’s Mobile Money (MoMo) service in Ghana is taking a hit from the introduction of a levy on electronic transfers which came into effect in May, with revenue from person-to-person …
- AmazonBusinessMarketsSouth AfricaTechnology
Amazon market value witnesses $1 trillion decrease for the first time since 2020
Amazon.com Inc. shares fell on Tuesday, with the e-commerce and cloud-computing company closing below $1 trillion in market value for the first time since the early days of the Covid-19 …
- AmazonBusinessEconomySouth Africa
Elon Musk announces $8 monthly charges for twitter verification badge
Elon Musk said the premium version of Twitter, called Blue, will cost $8 (R145) a month and will include a verified check mark for paying users’ accounts. Musk, who acquired …
Flour Mills of Nigeria Plc has said its unaudited financial statement for half-year 2023 shows strong revenue growth across business segments, despite the challenging macroeconomic environment. A statement by the …