Nigeria’s National Commission for Museums and Monuments has welcomed a decision by British curators to return artefacts that were looted in the 19th Century, from what was then the Kingdom …
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- AfricaAFRICA NEWSBusinessEnergyNewsNigeriaOil & GasWestern Africa
Caverton posts 74% drop in net profit in H1
Caverton Offshore Support Group Plc has posted a 73.97 percent drop in its net profit in the first six months of the year, 2022. The provider of marine, aviation and …
- AfricaAFRICA NEWSBusinessEgyptMarketsNewsNorth AfricaNorthern Africa
Egypt’s Arab Alloys launches EGP 1bn industrial complex in SCZone
Arab Alloys has launched the largest industrial complex for ferroalloys in the Suez Canal Economic Zone (SCZone), on an area of 40,000 sqm, in southern Ain Sokhna. The company aims …
- AfricaAFRICA NEWSBusinessGhanaNewsWestern Africa
Ghana parliament passes income tax(Amended) Bill, 2022
Parliament of Ghana has passed the Income Tax (Amended) Bill, 2022 to amend the Income Tax Act, 2015 (Act 896) to extend the exemption from tax of gains on the …
- AfricaAFRICA NEWSBusinessEgyptHospitality, Travel & TourismNewsNorth AfricaNorthern Africa
Egypt’s tourism revenues hike to $8.2B in 9 months
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 …
- 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 …
- 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 …