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 …
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.
Centum Investment Company shareholders are set to receive a Sh391 million dividend payout after the firm narrowed its losses by 2 per cent in the year ended March 2022. The …
- AfricaBusinessNewsNigeriaOil & GasWestern Africa
FGN shuts Scorpion Oil Services over irregular operations
The Federal Government of Nigeria has shut down the diving operations of Scorpion Oil Services onboard MV African Installer offshore Lagos, Nigeria, for operating without the requisite approvals and violating …
- BusinessGlobal NewsTechnologyTransportation & Logisitics
Volkswagen investors questions CEO’s strategy to lead Porsche listing
Volkswagen investors believe incoming CEO Oliver Blume will struggle to lead both the Volkswagen Group and Porsche and to pull off a planned listing of the sports car maker while …
- AfricaBusinessNewsNigeriaTechnologyTelecommunicationsWestern Africa
Musk’s Starlink to begin operation in Nigeria August
Starlink, high-speed, low-latency broadband internet in remote and rural locations across the globe, developed by billionaire businessman, Elon Musk, is set to begin operation in Nigeria in August 2022. Musk …
Oil prices dropped on Monday, extending a recent losing streak on concerns that an expected rise in U.S. interest rates would weaken fuel demand. Brent crude futures for September settlement …
Oman has flagged the source of liquefied petroleum gas (LPG) shipped into Tanzania, raising fears that some of the cooking gas used in Kenya could be from sanctioned countries, including …
- BusinessEnergyScholarshipsSouthern Africa
Kibo to extend power purchase agreement on its energy from plastic project to 20 years
JSE-listed Kibo Energy has extended its conditional 10-year take-or-pay power purchase agreement (PPA) for a 2.7 megawatt (MW) plastic-to-syngas power plant in Gauteng, to 20 years. Kibo CEO Louis Coetzee notes …
JSE-listed chemicals and energy giant Sasol says it expects production of petroleum products at its Natref refinery – which it owns with Total Energies SE – to resume by the …
Mr. Price Group has granted CEO Mark Blair a R32.931 million bonus in the year to 2 April 2022, in the form of an allocation in its group forfeitable share …