Base Resources, a Titanium miner in Kenya, saw its sales surge 44.7 pc to Ksh 10.8 billion in the fourth quarter ended June 30, 2022. The company says sales rose …
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.
- AfricaBanking, Finance & InvestmentBusinessNewsNigeriaWestern Africa
Fitch affirms 10 Nigerian Banks at ‘B’, Outlook Stable
Fitch, the global rating agency, has affirmed Long-Term Issuer Default Ratings (IDR) of 10 Nigerian banks at ‘B’ with a stable outlook. In a fresh report obtained from its website, …
Nigerian equities on Monday opened the week extending its losing streak for the fifth consecutive session as investors’ investment declined by N313 billion. The All Share Index (ASI) decreased by …
Jumia Nigeria has been recognised for its innovation and service delivery at the GAGE Awards. The company was awarded e-commerce website of the year, a category that reflects the best …
- AfricaBanking, Finance & InvestmentBusinessNewsNigeriaWestern Africa
Ecobank declares $261m pre-tax profit in H1
Ecobank Transnational Incorporated (ETI) has posted a profit before tax of $261 million for the first half of the year ended June 30, 2022. This was contained in the group’s …
- AfricaBusinessNewsNigeriaOil & GasWestern Africa
TotalEnergies begins production from Ikike field in Nigeria
TotalEnergies, a broad energy company that produces and markets energies on a global scale has begun production from the Ikike field in Nigeria, which is expected to deliver peak production …
Pick n Pay’ on Tuesday witnessed a jump in share price from 3% after the group posted sales growth of almost 11% for the 18 weeks to 3 July. Its …
- Banking, Finance & InvestmentSouthern AfricaTechnology
Standard Bank to provide Metrofibre Network with sR5 billion deal
Standard Bank will provide Metrofibre Network with R5 billion in financing to facilitate its fiber roll-out and expand its connectivity into homes and businesses in underserviced communities across the country. …
- BusinessSouthern AfricaSpotlightTechnology
Huawei acquires a large share in South Africa without Google services
Huawei has managed to retain a relatively large share of South Africa’s mobile vendor market, despite having lost access to Google Services in May 2019. The manufacturer’s vice president of …
New vehicle dealers recorded a marginal sales growth of 3.9 percent in the half year ended June, a performance they attributed to a wait-and-see posture by customers ahead of the …