The Cinema Exhibitors Association of Nigeria (CEAN), the country’s premier Film Trade Association Body, has announced good news for cinema lovers on the occasion of the International Cinema Day. Opeyemi Ajayi, the chairman of the Cinema Exhibitors Association of Nigeria (CEAN), said in a statement on Tuesday in Lagos that cinema lovers would enjoy discounted […]
Brewing and beverage business enterprise Distell said on Monday the alcohol industry had already lost 118,000 jobs. Whilst nearly 800 small and medium sized liquor manufacturers confronted financial ruin as a end result of the South African government’s ban on sales to strive and incorporate Covid-19. SAB abandons R5bn of capital investment The country’s largest […]
Ogogoro is a West African alcoholic drink extracted locally from palm bushes frequently served to guests or consumed in local bars, and at social occasions in Nigeria. The nearby gin additionally has ordinary attraction and is used in standard wedding ceremonies in some areas of the us of a by fathers of the bride as a […]
The Hajj, a time of celebration when Muslims journey to Mecca each year. A pilgrimage that economically benefits Somali cattle breeders and traders whose millions of livestock are imported by Saudi Arabia to nourish the attending pilgrims. However, the dramatic downsizing and imposed restrictions of the event in light of COVID-19 is a hard blow […]
Oil prices recovered in addition floor on Friday, after touching three-week lows in the previous session, responding to a document decline in US growth as the coronavirus ravaged the world’s largest economic system and oil consumer. Brent crude was once up via 14c, or 0.3%, at $43.08 a barrel by using 3.58am GMT. On Thursday, […]
The current R70-billion loan by the International Monetary Fund (IMF) to South Africa has been acquired with combined critiques via more than a few segments of the country. National Treasury Director-General Dondo Mogajane has welcomed the decision, indicating that the authorities will ensure that it meets the mortgage conditions and that it has in no […]
The new gasoline discovery off Egypt’s Mediterranean coast could produce up to 32 million cubic ft per day, its Petroleum Minister Tarek El-Molla said on Tuesday. Earlier this month, Eni, along with contractors BP and Total, effectively drilled the first exploration well in the North El-Hammad concession at Bashrush prospect, which Eni operates. French oil […]
Julius Berger Nigeria Plc has said a loss of N1.931 billion for the six month ended June 30, 2020, compared with a income of N2.835 billion in the corresponding period of 2019. Details of the unaudited results made available at the Nigerian Stock Exchange (NSE) confirmed that the building firm recorded a income of N102.055 […]
Shandong these days elevated its bid for the ASX and TSX-listed Cardinal from the 60c a share offered in June this year, to 70c a share, after a competing bid from shareholder Nordgold emerged, which offered Cardinal shareholders 66c in cash for every of their shares held. Cardinal informed shareholders on Monday that after careful […]
Oil’s restoration is being hit from both sides. Benchmark Brent crude expenditures have risen by means of 128% from their April low, closing above $40 a barrel considering that the center of June. But rising supply and faltering demand bode ill for those who desire oil costs to hold climbing. The Opec crew of oil producers, […]
Gold is heading for its seventh weekly acquire as it advantages from a especially weak dollar and inflation expectations globally. Bullion, valued by way of traders in instances of crisis as a secure haven and additionally a hedge in opposition to inflation, has experienced a surge in demand and buying and selling nearer to $1,900 […]
The commercial enterprise rescue practitioners of South African Airways have called a creditors’ meeting for Friday 24 July, on the foundation that a condition set in the enterprise rescue sketch has no longer been met. The unmet condition relates to government having to grant confirmation excellent to the Development Bank of Southern Africa (DBSA) as […]
An Ethiopian Airline cargo airplane caught fireplace in China, an aviation information tracking portal pronounced on Wednesday morning. The incident involved Ethiopian Airlines 777F which used to be parked at the Shanghai Pudong Airport. The blaze was centralized in the fuselage area. “The aircraft is thought to be ET-ARH, a 5-year historic 777 Freighter. It […]
Sorry for asking, but do you understand that the money belongs to the business enterprise and is now not your non-public fund?” When Jesse Ghansah noticed this question in an electronic mail from a distinguished white investor in San Francisco whilst fundraising for his first startup 4 years ago, he refused the deal. The 28-year-old […]
According to forecasts from the Institute for Studies and Security (ISS), based in Pretoria , South Africa, Angola could become the fourth largest economy in Africa before 2050. During the aforementioned time the nation will have a nominal GDP of USD 994 billion behind Nigeria, South Africa and Egypt, according to the ISS report. The […]
The South African Broadcasting Corporation (SABC)’s organizational and financial problems will come to the fore once again on Tuesday as the broadcaster updates Parliament on its flailing fortunes. Its woes may seem to be recent, but the public service broadcaster’s missteps date to more than a decade ago. The Parliament’s Communications Portfolio Committee is scheduled […]
South Africa’s National Union of Metalworkers announced in a statement on Sunday evening that it would picket at ArcelorMittal on Monday at several sights of service. The statement said the picket would take place on Monday morning in which a memorandum of demands would be handed to the union. Picketing will be in Sedibeng, Vanderbijlpak, […]
Finance Minister Tito Mboweni has hit back at claims by the DA that National Treasury plans to extend a bailout to help fund the business rescue process of flag carrier South African Airways. This after the main opposition party announced on Friday that it had filed an urgent interdict application in the Gauteng High Court […]
A reservoir behind Ethiopia‘s disputed Grand Renaissance dam on the River Nile has started filling with water – a day after talks with Egypt and Sudan ended without agreement, officials say. Ethiopian Water Minister Seleshi Bekele confirmed the latest satellite images showing water levels rising. Ethiopia sees the hydroelectric project as crucial for its economic […]