Nedbank wants to almost double its lending to green energy projects in South Africa over the next two years as it seeks to cement its position as a market leader …
Energy
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Toyota threaten to quit UK over hybrids’ ban
Toyota has threatened to stop manufacturing in the United Kingdom (UK) if the government goes ahead with its plans to ban the sale of hybrid cars from 2030. The marquee …
- AfricaHospitality, Travel & TourismNewsNigeriaOil & GasWestern Africa
Transcorp posts 85% Growth In Profit
Transnational Corporation Plc (Transcorp) has released its half-year results for the year ended June 30th, 2022, posting 85 per cent profit after tax as revenue for the year grew. The …
Eskom applied to the National Energy Regulator of South Africa (Nersa) for a 32% electricity tariff increase from 1 April 2023 and will now have to adjust its application after President …
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DR Congo puts up oil and gas fields for sale, invites Investors
The President of the Democratic Republic of Congo, Félix Tshilombo, has invited international investors to tender bids for the country’s oil and gas blocs as the government moves to diversify …
The Kenya Revenue Authority will not extend the July 31 deadline for transitioning from the old Electronic Tax Registers (ETRs) to the upgraded ETRs. This leaves traders with two days …
- AfricaEnergyNigeriaOil & GasWestern Africa
Seplat Energy announces the resignation of Arunma Oteh as non-executive Director
Seplat Energy on Thursday in a filing to the capital market, Nigerian Exchange Limited (NGX), announced the resignation of Arunma Oteh as a non-executive Director in the company. Arunma Oteh, …
Eskom has provided more details on the contracts awarded to Hyosung Heavy Industries and Pinggao Group for its flagship Battery Energy Storage System (BESS) project. The utility recently confirmed the two …
- AfricaBusinessNewsNigeriaOil & GasWestern Africa
Addax employees embark on strike over anti-labour practices
Addax Petroleum Development Nigeria workers have embarked on strike over anti-labor practices. Nigeria’s oil production may suffer a further decline of 22,000 barrels of oil per day as a result …
South Africa’s Treasury is finalizing a plan to take over a portion of Eskom’s R396 billion ($24 billion) debt as part of a process to place the struggling electricity company …