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 …
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AfricaAFRICA NEWSBusinessEastern AfricaNewsOil & Gas
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AfricaAviationBusinessBusiness InsightsGlobal NewsNewsSouth AfricaSouthern AfricaSpotlightTransportation & LogisiticsTravel & Tourism
South African Airways slides to a new low in global airlines rankings
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 …
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AfricaBusinessGhanaNewsNigeriaSpotlightTechnologyWestern Africa
Vendease, a food sourcing platform for African restaurants raises $30M to deepen operations across Africa
Vendease, a Y Combinator-backed digital platform that allows restaurants in Africa to buy supplies, access financial services and power their business operations, has raised $30 million in an equity and debt …
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AfricaNewsSecuritySouth AfricaSouthern AfricaTechnology
South Africa produces first military aircraft since the 1980s
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 …
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AfricaBuildingGlobal NewsNewsSpotlightTechnology
Apple begins manufacturing iPhone 14 in India three weeks after launch
Apple has begun manufacturing its new iPhone 14 in India, narrowing a technology gap with the device’s main manufacturing base of China. Apple made the announcement on Monday, less than …
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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, …
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AfricaBusinessEconomyNewsNigeriaOil & GasWestern Africa
Six International oil companies to remit N380bn for domestic crude oil sales in October
The Nigerian National Petroleum Company (NNPC) Limited says six international oil companies (IOCs) will remit N380.04 billion in October as proceeds from the sale of domestic crude oil in July …
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AfricaBusinessNewsSouth AfricaSouthern Africa
South Africa’s Denel faces funding gap for restructuring
Cash-strapped state defence firm Denel will need around R3 billion (~$170 million) to cover a funding gap for a restructuring plan it is aiming to execute over the next 12 …
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AfricaAFRICA NEWSBusinessEconomyNewsNigeriaReal EstateWestern Africa
Senate urges FG to tax unoccupied houses in Abuja
The Senate Committee on Federal Capital Territory (FCT) has asked the federal government to tax unoccupied houses in the territory as a way of generating revenue and reducing housing deficit. …
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AfricaBusinessEconomyINVESTMENTNewsNigeriaWestern Africa
AfDB, IsDB, FDA to invest $618m in Nigeria’s digital and creative start-ups
The African Development Bank (AfDB), Islamic Development Bank (IsDB), and the French Development Agency (FDA), have disclosed plans to invest $618 million in the Digital and Creative Enterprises Programme (I-DICE) …