Ghana began talks with the International Monetary Fund on Monday for an IMF-supported lending programme, the government said in a statement, in a bid to reduce economic hardship that spurred …
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The Ghana National Petroleum Commission (GNPC) is set to commence the technical decommissioning of the Saltpond Oil Field in the Central Region. The decommissioning which was announced in 2016 was …
- AfricaBusinessEconomyEgyptEnergyNewsNorth AfricaNorthern Africa
Egypt’s energy sector represents 13% of GDP
The Egyptian energy sector represents 13 percent of the gross domestic product (GDP) positioning as one of the main factors driving economic and social development, according to the Information and …
- AfricaBuildingEconomyEgyptNewsNorth AfricaNorthern AfricaTechnology
Egypt targets digital exports of $5.5B in 2022/23
Egypt aims to raise its digital exports during the current fiscal year 2022/2023 to $5.5 billion, with an annual increase of 13 percent, according to Reuters. The Assistant Minister of …
- Access BankAfricaBanking, Finance & InvestmentBusinessFinance & ServicesNewsNigeriaWestern Africa
Sterling Bank set to change name after shareholders approve restructuring
Sterling Bank PLC has announced it will take a new name after receiving shareholders’ approval to convert from a core banking business to a holding company. The leadership of the Bank …
- AfricaAFRICA NEWSBusinessEastern AfricaNewsOil & Gas
EU/Ugandan Government saga continues as the EU summons TotalEnergies for questioning
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 …
- 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 …
- 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 …
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, …
- 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 …