South Africa’s low-cost airline Mango is one step closer to being sold as its preferred bidder delivered proof of funding, according to business rescue practitioner Sipho Sono. In his latest …
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Be Mobile, a new no-fee bank launches in South Africa
Be Mobile Africa, a low to no-fee banking product provider has announced its official launch in South Africa. The Canadian-based “neobank” offers several benefits for South Africans, including no monthly …
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South Africa’s GDP shrinks as load shedding continues to hurt the economy
After a surprise growth in the first quarter of the year, South Africa’s gross domestic product (GDP) decreased by 0.7% in the second quarter of 2022, Statistics South Africa reported …
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Ghanaian government to conduct roadshow for oil and gas fields to attract investors
The Ghanaian government has announced plans to conduct roadshows in some major oil and gas countries to expose investors to the heavy potential of petrochemicals in Ghana’s shores. The move …
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valU, PayTabs Egypt partners with notchnco to unlock WhatsApp shopping experience
valU, a subsidiary of EFG Hermes Holding (HRHO), and PayTabs Egypt has entered into a strategic partnership with notchnco to unlock an outstanding WhatsApp shopping experience for valU’s clients. Through this collaboration, …
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South African retailer, Massmart exits Nigerian Market
South African retail giant Massmart has sold its Games Discount World stores in Nigeria. The assets were sold to the controlling shareholder of PricePointe Wholesale Club, an organisation that operates …
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South Africa get biggest petrol price cut since 2020
The price of both 93 and 95 unleaded petrol will be lowered by R2.04 a litre on Wednesday (September 7), the Department of Mineral Resources and Energy announced on Monday. This …
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Nigeria, Binance in early-stage talks for the first virtual free zone in west Africa
The Nigeria Export Processing Zones Authority (NEPZA) is in discussions with crypto exchange Binance and technology infrastructure company Talent City to create a digital city, referred to as a “Virtual …
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Egypt Prepares for Flagship United Nations (UN) Climate Conference
Regional authorities in Egypt, the host country of the 2022 UN climate conference (COP27), are ramping up initiatives designed to improve the country’s environmental credentials, and speed up its transition …
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Liz Truss succeeds Boris Johnson as new UK prime minister
Liz Truss, UK’s foreign secretary, has won the leadership race to become the next leader of the United Kingdom’s Conservative Party and will consequently be confirmed as Prime Minister by …