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 […]
AlphaCode, the startup incubator from Rand Merchant Investments (RMI), has awarded Oyi Medical Card R450 0 at its first virtual demo day. Oyi is one of seven startups that were awarded entrepreneurial programs valued at R2 million each in 2019 as phase of AlphaCode’s Incubate programme. The Oyi Medical Card is a savings card that […]
Shifting goal posts and signs and symptoms of instability are now not helping to rebuild believe between residents and Eskom. Eskom has extended its request to citizens for load shedding to continue from previously projected 18 months to about 29 months (to March 2022). The biggest subject from Eskom is the unpredictability of their aged […]
Petrochemicals giant Sasol fell almost 5 percent on the JSE on Friday after it announced that it would sell 50 percent of its difficult Lake Charles Chemicals Project (LCCP) in the US for $2 billion (R33.29bn) to LyondellBasell. Sasol said the proposed sale to one of the world’s greatest plastics, chemical compounds and refining companies […]
Egypt is set to export fowl in the ultimate quarter of 2020 following the lifting of a suspension of over a decade due to the avian flu outbreak of 2006. According to a record with the aid of English-language daily newspaper Arab News, a number of Egyptian rooster agencies are making ready to export their […]
On this edition of Business Africa, we meet the women bossing Twitter timeliness across the continent. Also on this show, two sides of the Covid-19 coin; a contact tracing app in Ethiopia and the pandemic’s impact on used vehicle sales in Togo. – 200 Most Influential African Women on Twitter – Most influential African women […]
PPC Ltd. delayed the launch of its full-year income for a third time as South Africa’s largest cement maker continues to fix accounting blunders and strives to finalize a refinancing plan. The Johannesburg-based agency will now post its monetary outcomes in the week of Oct. 5, according to a declaration on Wednesday. PPC has been […]
The Fair-Trade Independent Tobacco Association stated on Wednesday it had expelled the Gold Leaf Tobacco Company from its ranks with instant effect. FITA chairman Sinenhlanhla Mnguni tested that Gold Leaf’s membership had been terminated, however did no longer right away provide reasons. The move comes two months after the stop of South Africa’s contentious Covid-19 […]
JSE-listed funding maintaining agency Rand Merchant Investment (RMI) stated on Friday that its headline profits fell with the aid of nearly 50percent for the yr to end June, generally due to the big provisions raised in Discovery and Momentum Metropolitan Holdings for the anticipated consequences of Covid-19. This comes after Discovery made provision of R3.4billion […]
South African Airways’ upkeep subsidiary has withdrawn offerings to its mum or dad after the struggling airline failed to pay cash owed to the unit, an SAA spokesman said on Saturday. Administrators took control of SAA in December after almost a decade of monetary losses, and have been trying to maintain it afloat as the […]
South Africa’s Omnia Holdings Ltd. is emerging from the coronavirus pandemic on pinnacle after the agricultural and chemicals enterprise flipped from big financial losses and surging debt to better liquidity and with enlargement plans on the horizon. A mixture of debt restructuring through a two billion rand ($118 million) rights issue, operational cost cutting and […]
The escalating probe into the banking enterprise has fingered one of the country’s biggest banks as being part of a giant community in which nearby financial establishments have been involved in dodgy dealings. The investigation showed that Standard Bank, one of the country’s leading lending institutions, used to be possibly concerned in unscrupulous transactions well […]
This pandemic has caused sizeable disruptions on economies leading to quite a few agencies – massive or small – going below amid Covid-19-induced lockdowns. As startups confront unprecedented times, many are questioning of taking dramatic steps to stay afloat and have been touted as the key to monetary recovery. Plug into AWS In these remarkable […]
When modern versions of African tech ecosystems started out taking structure a decade ago, the big, existential question used to be about where investment would come from. As successive years of record-breaking funding signaled investor conviction in the promise of the continent’s startups, the topical focus quickly shifted with greater scrutiny paid to simply how […]
Comair on Friday surpassed another great waypoint en route to returning to the skies when the giant majority of creditors and shareholders voted to adopt the business rescue plan. The company stated on Friday that in terms of the commercial enterprise rescue format the favored investment consortium, comprising a range of former Comair board members […]
All aboard the famous South African Franschhoek Wine Tram back on track following a six-month hiatus due to strict sanitary regulations in light of the Covid-19 pandemic — as was the case with many businesses across the globe who saw their activity shut down or negatively impacted by the global coronavirus health crisis. David Blyth, […]
On a peninsula east of Lagos, 30,000 employees are employed on a task that holds out the promise of transforming Nigeria’s economic fortunes. It’s right here that Aliko Dangote, Africa’s richest man, plans to spend greater than his internet really worth of $13.5 billion building one of the world’s largest oil refineries. If he succeeds, he should […]
The coronavirus pandemic may want to convey tremendous modifications to Africa’s economies even if output shrinks by means of as tons as 10% this year, in accordance to a new investment report. There are already signs that the continent will be disproportionately hit by way of the outbreak that has raised dangers and worsened the […]
Kenya Airways stated it will resume business passenger flights to Ghana and Sierra Leone on September 16 and to Liberia on September 17. The flag carrier stated in an advertisement in the Daily Nation newspaper that it will fly 4 instances a week to Accra and twice weekly to Freetown and Monrovia. In West Africa, […]