Tuesday, March 26, 2024
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Business

GM plans to sell stake in East African unit to Isuzu

General Motors Co on Tuesday said it plans to sell its majority ownership stake in General Motors East Africa to its Japanese partner Isuzu...

Nigeria’s economy contracted by 1.5 percent in 2016

Nigeria's gross domestic product fell by 1.5 percent in 2016 due to lower oil revenues, the National Bureau of Statistics said on Tuesday, for...

South African official sacked over 350% pay rise

A South African government official who granted himself a 350% pay rise has been sacked. Collins Letsoalo was supposed to be "Mr Fix-it" - brought...

Nigerian court to rule on Shell, ENI dispute with authorities in March

A Nigerian court will rule on March 13 on a request by Royal Dutch Shell and Italy's Eni to lift the temporary seizing of...

SpaceX to fly two tourists around Moon in 2018

US private rocket company SpaceX has announced that two private citizens have paid to be sent around the Moon. The mission is planned for late...

Samsung heir to be indicted on bribery charges

Samsung's heir apparent Lee Jae-yong is to be formally indicted on multiple charges including bribery and embezzlement, prosecutors said.

Tunisia to accelerate reforms as IMF freezes loan

Tunisia is likely to sell stakes in three state-owned banks this year and cut up to 10,000 public sector jobs as part of reforms...

Sasol sees first Mozambique oil production in 2-3 years

Petrochemicals group Sasol has found oil in wells off Mozambique and aims to bring the fossil fuel to production for the first time in...

U.S. Dollar Notes Vanish From Zimbabwe

Transactional activity in Zimbabwe in recent weeks indicates a slow disappearance of the United States dollar, which is being replaced by bond notes. The bond...

Nokia 3310 mobile phone resurrected

Nokia's 3310 phone has been relaunched nearly 17 years after its debut. Many consider the original handset iconic because of its popularity and sturdiness. More...

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