Monday, March 9, 2026
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CATEGORY

Business

France injects €2.5 billion into Africa to finance SMEs

Africa continues to be the World's largest field for investment and capital development. Opportunities for development continue to spring up now that the continent has...

Tullow CEO resigns because of poor oil production from Ghana fields

CEO for Tullow Oil Plc  Paul McDade has resigned after the oil giant cut its production outlook and suspended the dividend, sending shares tumbling...

South African rail firm PRASA put under administration

South African state-owned Passenger Rail Agency South Africa (Prasa) has been put under administration with immediate effect. Transport Minister Fikile Mbalula announced the decision on...

Uber expands in Africa as it launches in Ivory Coast

Despite facing challenges in Europe, ride-hailing firm Uber has now launched in Ivory Coast’s commercial capital Abidjan. The launch on Thursday forms part of the...

Dangote has world’s largest crude distillation equipment

Dangote has announced that it has taken delivery of the "world's largest single train crude distillation column" at its Oil Refinery in Nigeria. The company...

Ghana’s new banknotes spark confusion over relevance

Ghana's economy has over the last decade been on a roller coaster with signs of positivity and growth; decreasing inflation and subtle macro-economic stability...

Nigeria secures $210 mln loan from AfDB for power project

The African Development Bank (AfDB) has approved a $210 million loan to help Nigeria upgrade its dilapidated electricity transmission and distribution network. The loan to...

African economies to benefit from safer Gulf of Guinea

African economies stand a huge chance of growing significantly if the Gulf of Guinea is protected from the activities of pirates and illegal trade. Every...

Volkswagen to open plant in Ghana early 2020

German car-maker, Volkswagen is set to open an assembling plant in Ghana early 2020. In 2018 the company announced plans to set up a plant...

Jumia is shutting down in parts of Africa in portfolio review

Online retailer Jumia Technologies has announced the shutting down of its portfolio in Tanzania. The company announced this decision weeks after shutting its office and...

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