Access Holdings Plc, trading as Access Corporation, on Tuesday announced its planned acquisition of majority equity stake in Angola-based Finibanco S.A by Access Bank Plc. Sunday Ekwochi, Company Secretary of …
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Access BankAfricaAFRICA NEWSBanking, Finance & InvestmentBusinessCentral AfricaNewsNigeriaWestern Africa
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Elon Musk is offering to proceed with his purchase of Twitter at its original price of $54.20 per share. In a letter to the firm, Mr Musk agreed to pay the price he offered …
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AfricaAFRICA NEWSBusinessEconomyNewsNigeriaOil & GasWestern Africa
NNPC posts N674bn Profit After Tax For 2021
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 …
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AfricaAFRICA NEWSBusinessINVESTMENTNewsSouth AfricaSouthern Africa
Oceana to sell off its cold storage business
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 …
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AfricaAFRICA NEWSBusinessEastern AfricaNewsSouth AfricaSouthern AfricaWestern Africa
Massmart in talks to close Game stores in East, and West Africa
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 …
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AfricaAFRICA NEWSBanking, Finance & InvestmentBusinessGhanaNewsWestern Africa
Absa Bank and MasterCard Foundation to grant ¢2.5m to Fintech/Agritech Startups
Absa Bank Ghana has announced a ¢2.5 million grant to support businesses in the Fintech and Agritech industry. The initiative is part of the Absa Young Africa Works programme, in …
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AfricaAFRICA NEWSBusinessEgyptNewsNorth AfricaNorthern AfricaOil & Gas
Egypt and Greece reject Turkey-Libya maritime hydrocarbons deal
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 …
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AfricaAFRICA NEWSBusinessEgyptNewsNorth AfricaNorthern Africa
World Bank approves a $400m loan to Egypt for low-carbon freight railway
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 …
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AfricaAFRICA NEWSBusinessEnergyNewsNigeriaWestern Africa
Geregu Power to list 2.5bn shares on Nigerian Exchange
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 …
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AfricaAFRICA NEWSBusinessNewsNigeriaReal EstateSterling HomesWestern Africa
Sterling Homes drives real estate expansion in Nigeria, Launches Two new estates in Lekki and Osogbo
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 …