News from across Africa covering business, markets, policy and development in North, West, East, Central and Southern Africa.
The Ghana National Petroleum Commission (GNPC) is set to commence the technical decommissioning of the Saltpond Oil Field in the Central Region. The decommissioning which was announced in 2016 was …
The Egyptian energy sector represents 13 percent of the gross domestic product (GDP) positioning as one of the main factors driving economic and social development, according to the Information and …
Egypt aims to raise its digital exports during the current fiscal year 2022/2023 to $5.5 billion, with an annual increase of 13 percent, according to Reuters. The Assistant Minister of …
Sterling Bank PLC has announced it will take a new name after receiving shareholders’ approval to convert from a core banking business to a holding company. The leadership of the Bank …
The European Union (EU) parliament has emphatically voiced its concerns about the pipeline project the Ugandan and Tanzanian governments are devising. The pipeline which is designed to run through Lake …
South African Airways (SAA) continues to slide down the ranks of the world’s best airlines, dropping for the fourth consecutive year to its worst place on record. Meanwhile, Ethiopian Airlines …
The pound has fallen to a record low against the dollar as markets react to the UK’s biggest tax cuts in 50 years. The development is coming less than a …
The Paramount Group has produced and sold the first military aircraft made in South Africa since the 1980s when state-owned arms maker Denel unveiled the Rooivalk, or red falcon, attack …
The United Kingdom (UK) has announced plans to reintroduce tax-free shopping for overseas visitors to boost the country’s retail sector. Kwasi Kwarteng, UK finance minister and chancellor of the Exchequer, …
Ghana’s Long-Term Local and Foreign Currency Issuer Default Ratings (IDRs) have been lowered by rating agency Fitch from “CCC” to “CC” or further junk status. This is the second time …
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