News from across Africa covering business, markets, policy and development in North, West, East, Central and Southern Africa.
The Nigerian National Petroleum Company (NNPC) Limited on Tuesday declared a profit after tax of N674bn. The Group Chief Executive Officer of NNPC, Mele Kyari, in Abuja said the NNPC …
Oceana, South Africa’s Fishing group will be selling its commercial cold storage (CCS) business to a consortium of investors in a R760 million deal, a transaction that it says will …
South African retailer Massmart said on Wednesday that it had begun staff consultations about closing its Game stores in East and West Africa, after efforts to find domestic buyers for the stores failed. Massmart Chief Executive Officer …
Egypt and Greece on Monday rejected the signing of the unity government in Libya, based on two memoranda of understanding formulated by Turkey in the field of hydrocarbon resources to …
The World Bank has approved a $400 million loan to Egypt to develop a railway bypass for freight trains that will help improve and decarbonise the country’s transportation and logistics sector, the …
Geregu Power, an electricity generation company has announced that it will be listing 2.5 billion ordinary shares of 50 kobo each at a share price of N100 per share on the Nigerian Exchange. Geregu …
To consolidate its efforts in tackling the housing deficit in the country, Nigeria’s property development company, Sterling Homes has launched two new housing projects named GEMS Court and The Duchess …
The Advertising Regulatory Council of Nigeria (ARCON) has sued Meta Platforms Incorporated, owners of Facebook, Instagram and WhatsApp platforms, for showing unapproved advertisements to the Nigerian audience. In a statement …
The Nigerian government has opened a portal for students of education to register for a bursary of N75,000. This comes after the approval of N75,000 per semester for Nigerian undergraduates in the …
Seven years ago, the world set an ambitious target to reach UN Sustainable Development Goals (SDGs) by 2030. Halfway to that target year, however, nearly all indicators are off track. …
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