Following their weak corporate earnings, investors have shunned listed companies on the Nigerian Exchange Limited’s Alternative Securities Market Board. A total of four companies comprising Capital Oil Plc, Rak Unity …
Economy
- BusinessEconomyFinance & ServicesNigeriaOil & Gas
- AgricultureBusinessEconomyINVESTMENTMorocco
Spanish farmers worried about Morocco’s Growing Raspberry campaign
Morocco’s growing raspberry and blueberry exports are expected to saturate the European market, raising concerns among Spanish farmers, Manager of Freshuelva Rafael Dominguez told FreshPlaza. “Morocco is increasing its raspberry and …
Prosus gave up its stake in Russia’s largest social network for nothing, walking away from a company run by an executive under US sanctions. VK sold the shares acquired from …
- BusinessEconomyINVESTMENTSouth AfricaTechnology
Vodacom spends record R5.8bn on it’s local network as it battles load shedding
SA’s largest mobile operator Vodacom, which has been battling power challenges and the effects of rising inflation, says it spent a record R5.8 billion on its local network in its …
- BusinessEconomyFinance & ServicesNigeria
Federal Government to grow Nigeria’s gross domestic product to $9tn in the next 28 years
The Nigerian Economic Summit Group has said that the Federal Government must grow Nigeria’s gross domestic product to $4.5tn to $9tn in the next 28 years. Speaking at the 28th …
- BusinessEconomyManufacturingMarketsSouth AfricaTechnology
Honor, Oppo, and Xiaomi launches a flagship handsets taking on Samsung in South Africa
While Samsung is the most dominant smartphone brand in South Africa, companies like Honor, Oppo, and Xiaomi have recently released flagship handsets they hope will help them compete with the …
- BusinessEconomyManufacturing & Consumer GoodsNigeria
Rising inflation drives Nigerians consumption expenditure to N57tn
Rising inflation drove Nigerians’ consumption expenditure to N57.08tn in the first half of 2022. This is a 14.39 per cent increase from the N49.89tn that was spent in the corresponding …
- BusinessEconomySouth AfricaTransportation & Logisitics
Prasa suspends former acting CEO following ‘serious allegations’ of wrongdoing
The Passenger Rail Agency of South Africa (Prasa) has suspended its chief information officer, David Mphelo, in the wake of claims that he was involved in “irregularities in recruitment and …
- BusinessEconomyEntrepreneurshipFinance & ServicesNigeria
E-finance platform to promote financial literacy among Nigerian youth
A global peer-to-peer finance platform, Paxful, has restated its commitment to promoting financial literacy among Nigerian youth as part of its efforts to drive economic growth in the country. Paxful …
- AgricultureBusinessEconomyINVESTMENTMarketsMorocco
Chile’s Agroberries to Invests €40 million to expand farming into Morocco
Chile’s vertically integrated producer, marketer, and distributor of berries Agroberries Limited is investing €40 million in the first phase of its expansion strategy in Morocco. The investment covers the planting of …