Egypt’s tourism revenues increased by $5.1 billion during the first nine months of the last fiscal year 2021/2022, on an annual basis, despite the negative effects of the absence of …
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- AfricaAFRICA NEWSBusinessEgyptHospitality, Travel & TourismNewsNorth AfricaNorthern Africa
- AfricaBusinessEgyptMarketsNewsNorth AfricaNorthern Africa
Egypt’s chemical & fertilizer exports hit $4.336B in H1
Egypt’s exports of chemical and fertilizer industries rose by 35 percent in the first half (H1) of 2022 to stand at $4.336 billion against $3.217 billion in the same period …
- AfricaAFRICA NEWSBusiness and EconomyGhanaNewsWestern Africa
S&P Global affirms Ghana’s rating CCC+, Outlook Negative
Standard and Poor’s(S&P), Global Ratings, has revised Ghana’s rating from B-/B to CCC+/C, putting the country’s creditworthiness into junk status. It also reviewed the country’s economic outlook to negative, reflecting …
- AfricaAFRICA NEWSBusinessEnergyNewsNigeriaOil & GasWestern Africa
NUPRC rejects sale of ExxonMobil’s assets as approved by Buhari
The Nigerian Upstream Petroleum Regulatory Commission(NUPRC) has rejected the sale of ExxonMobil’s assets to Seplat Energy as approved by President Muhammadu Buhari. Recall that the President had in a statement …
- AfricaBusinessEnergyNewsNigeriaOil & GasWestern Africa
Buhari approves Seplat Energy acquisition of $ 1.283bn Mobil assets
The Federal Government of Nigeria has presented a letter of consent to Seplat Energy Offshore Limited, a subsidiary of Seplat Energy, for the cash acquisition of the entire share capital of Mobil …
- AfricaBusiness and EconomyGlobal NewsNewsNigeriaWestern Africa
Nigeria, three others top World Bank debtors’ list
Rising debt has pushed Nigeria up the World Bank’s top 10 International Development Association borrowers’ list. The World Bank Fiscal Year 2021 audited financial statements, known as the IDA financial …
- AfricaAviationBusinessHospitality, Travel & TourismNewsNigeriaSouth AfricaSouthern AfricaTransportation & LogisiticsWestern Africa
Air peace suspends Johannesburg operations till October 8, 2022
Air Peace, on Monday, announced the suspension of its operations to Johannesburg, South Africa effective from August 22, 2022, due to delayed issuance of South African visas to travellers, worsening …
- AfricaBusiness and EconomyNewsNigeriaOil & GasWestern Africa
Nigeria loses N891bn to gas flaring in 18 months
Nigeria lost N891bn to gas flaring in 18 months. This was disclosed in the latest data released by the Nigerian Oil Spill Monitor, an arm of the Nigerian Oil Spill …
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IEBC fires four poll officials on eve of Kenya elections
Four officials of the Independent Electoral and Boundaries Commission (IEBC), who were found holding a meeting at the home of a former member of the county assembly (MCA) aspirant in …
Manchester United have agreed a deal in principal with Juventus to sign Adrien Rabiot and are now negotiating personal terms with the midfielder’s agent, according to the Manchester Evening News. The …