Wednesday, April 22, 2026
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Business

Nigeria signs oil financing deals with Shell, Chevron

Nigeria has signed financing deals with oil majors Shell and Chevron to develop projects that would boost reserves and revenue, the state-run oil firm said on Thursday.

South African Airways on verge of bankruptcy

South African Airways (SAA) has run out of money and is teetering on the edge of bankruptcy, according to information given to the country's...

Zimbabwe’s bond notes to reach half a billion

Zimbabwe's central bank chief says the country will print an extra 300 million dollars’ worth of bond notes, despite an earlier promise not to exceed the 200 million figure

South Africa economy in “duress”

South Africa's economy is in a state of "duress" and 2017 growth will fall short of 0.5 percent, President Jacob Zuma said late on...

Egypt reserves at record high of over $36bn

Egypt's foreign reserves reached $36.036bn in July, a record high, which the prime minister described as "good news" as it shows that the economy...

British American Tobacco under investigation

UK tobacco firm British American Tobacco (BAT) says it is under official investigation by the Serious Fraud Office (SFO) over allegations it paid bribes...

Sony net profit soars in April-June quarter

Japanese electronics and entertainment giant Sony said Tuesday its net profit nearly quadrupled in the three months to June, backed by brisk sales of...

Avian flu outbreak hits Zimbabwe poultry farm again

A Zimbabwean poultry farm has reported a second outbreak of highly pathogenic H5N8 bird flu, two months after it first occurred, the state-owned Herald...

Dangote still richest man in Africa

Although, Africa’s richest man, Nigerian Aliko Dangote  dropped to 105th on the 2017 Forbe’s real-time billionaires’ ranking, he maintains the lead in Africa, as...

Barclays Africa weathers economic storm for now

South Africa’s tough economic conditions have taken their toll on Barclays Africa, with the bank’s revenue falling by 1%. It still outperformed its UK...

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