Business

The shares of Kenya Airways, the flag carrier airline of Kenya, have been suspended from trading for another year from 5 January, according to a statement from the Nairobi Stock Exchange (NSE). The Kenya flag carrier has been struggling to return to profitability. The airline’s shares have been suspended from NSE since July 2020.  The […]

Tesla, SpaceX and Twitter owner Elon Musk became the first person in human history to lose $200 billion in net worth. His wealth plummeted to $137 billion, according to Bloomberg Billionaire Index. Musk is also the second richest person in the world as of 2022. Reportedly, Musk’s wealth was affected due to a fall in […]

Twitter and Tesla CEO (Chief Executive Officer), Elon Musk, has said that he will not sell any more Tesla stock for the next two years.  He made those comments in a Twitter Spaces audio chat. He said that the economy would be in a “serious recession” in 2023. According to him, the demand for big-ticket […]

Ghana has announced that it temporarily suspended the payment of part of its external debt as the country struggles due to an economic crisis. On Monday, the Finance Minister of Ghana, Ken Ofori-Atta, announced the suspension of all debt service payments on “certain categories” of external debt, including Eurobonds. The finance ministry said that the […]

According to the finance ministry of Ghana, the economic recovery efforts of the country could be delayed and complicated if a visiting team from the International Monetary Fund (IMF) does not agree with a negotiation of the relief package.  Ghana is hoping for an IMF agreement by next week as the IMF team is set […]

Muhammadu Buhari, the President of Nigeria, has accused the governors of stealing LG (local government) funds. He has accused them of diverting allocations from the federation account. The president attended an event hosted for members of the Senior Executive Course 44 (2022) of the National Institute for Policy and Strategic Studies (NIPSS) at the Presidential […]

At the periodic conference that brought together African energy leaders, transnational investors, and directors, rama Commercial Services (https//OramaCorporate.com/), one of the gold guarantors of the African Energy Week( AEW 2022), persistently displayed its vision on” enabling ways to thrive businesses and grow successfully in Africa” for the alternate time in a row. The AEW 2022 […]

The young Djiboutian girl Aisha was watching the dispatch centre operations at the Nagad railway station in Djibouti while paying great attention to the many colourful dots and lines flashing on the screen. Aisha was a member of the first group of students to enrol at the Djibouti Luban Workshop, and she and her classmates […]

By offering enterprises trade credit insurance and trade backing results, Etihad Credit Insurance( ECI) and African Trade Insurance Agency( ATI) hope to promote marketable ties and increase exports between the two requests. The agreement builds on the Memorandum of Understanding( MoU) that each party signed in March of last time with the thing of boosting […]

The first carbon credit company in Egypt has been established by government officials, opening the door for a national carbon credit market to lower CO2 emissions. On November 6, an agreement to establish Egypt’s first organisation to issue carbon credits was signed by the Agricultural Bank of Egypt, Libra Capital, and the Egyptian Exchange Holding […]

Member nations across the Commonwealth are eager to see corporations play a bigger role in the fight against climate change in light of the growing climatic uncertainties and rising financial needs for climate adaptation and mitigation. The comment was delivered at a formal side event that the Commonwealth Secretariat, the governments of Saint Lucia, Namibia, […]

The newly amended Employment Equity (EE) Act, which gives the employment and labour minister the authority to regulate sector-specific EE targets and compliance requirements, has the potential to have a significant impact on businesses in South Africa, according to legal experts at Cliffe Dekker Hofmeyr (CDH). The newly revised EE Act will go into effect […]

According to a recent study, 23% of African firms were impacted by drought over the past year, and 39% by floods. The British International Investment’s Emerging Economies Climate Report 2022 noted that drought and water stress were the most significant in terms of worries about the physical hazards to African companies. A wide range of […]

Tanzania and China signed 15 agreements to foster bilateral trade relations between the two countries. The agreements were signed as part of the agendas during the three-day visit of the President of Tanzania, Samia Suluhu Hassan, to China. The State House spokesperson Zuhura Yunus noted that the deal primarily focused on avocado transportation, expansion of […]

Kola Adesina, group managing director of Sahara Power Group, has estimated that it will take around five years for African nations to invest an average of $40 billion in their power grids in order to provide stable electricity to their citizens. According to forecasts, there would be a rise in energy consumption throughout Africa in […]

When you run an eCommerce business, logistics may be a real pain, especially if you need to manage various delivery locations and riders. Given how crucial order fulfilment is to your clients, you should make sure you have everything under control and that it generates favourable evaluations. Renda is a startup that assists African small- […]

In order to provide end-to-end traceability in the agricultural supply chain, TraceX Technologies, a blockchain-powered traceability technology that improves food and supply chain transparency, has entered the African market in partnership with Ghana-based Univision. TraceX and Univision’s collaboration will enable the unification of the whole agricultural sector into a single platform. All participants in the […]

Nicole Roos has been elected by Nestlé to follow Bruno Olierhoek, whose tenure ends on October 31, 2022, as the Managing Director for the East and Southern Africa Region (ESAR), which is based in Johannesburg, South Africa. Olierhoek, who has been the region’s Chairman and Managing Director since 2018, will transition to a new position […]