Friday, July 4, 2025
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Business

Shell sells onshore Gabon oil assets to Carlyle for £470m

Carlyle Group (CG.O) has bought Royal Dutch Shell's (RDSa.L) onshore assets in Gabon for $587 million (470 million pounds) as the world's largest private equity fund expands in the global oil and gas sector.

New report shows millions of Ghanaians are jobless

A Labour Force Survey (LFS) report conducted in 2015 by officials in Ghana showed that over one million Ghanaians above the age of 15 are jobless.

Kenyans to buy government bonds on mobile phones

Kenya has become the first country to exclusively sell government bonds to citizens via their mobile phones, as it seeks new ways of raising money.

Diamond group De Beers buys out retail partner LVMH

Anglo American's diamond specialist De Beers has bought the 50 percent stake held by French luxury goods group LVMH in De Beers Diamond Jewellers for an undisclosed sum, taking full ownership of the retail operation.

Uganda seek $500 million loan from China for roads

Uganda says it has asked China for a $500 million loan to help build almost 600 km (360 miles) of roads in the country's oil-rich west, amid criticism over heavy borrowing that has ballooned the country's debt.

South Africa halts some meat imports from Brazil

The government of South Africa has announced it is suspending importation of meat from Brazil over the recent scandal in the South American country's meat processing industry.

Kenya Revenue Authority ‘lost $39m to hacker’

An IT expert has been charged with hacking into Kenya's Revenue Authority and stealing $39m.

Ghana to establish Bauxite Alumina Authority

The Government of Ghana is to establish an Integrated Bauxite Alumina Authority in the next three month.

U.S. firm wants $561 million in power supply dispute with Tanzania

Symbion Power is seeking $561 million from Tanzania's state power supplier TANESCO via international mediation, accusing it of breach of contract, the U.S. firm said on Tuesday.

World bank disburses another $1 billion loan to Egypt

The World Bank has disbursed another $1 billion in financial assistance to Egypt out of its $3 billion loan programme with the country, the bank said in a statement on Monday.

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