06/26/2023
Total Energies and Africa Oil quit in May and relinquished their stakes for free, exerting new pressure on the main operator, Tullow, which has been unable to take the project off the ground after running out of cash.
06/23/2023
Of the $6.3bln in debt owed to government bodies, $4.1bln was owed specifically to Export-Import Bank of China, says official
06/23/2023
The Pan-African Business and Development Awards were designed to celebrate and recognise the excellence of outstanding organisations and individuals within the African business and finance sectors.
06/23/2023
In the report, the DMO warned that the Federal Government’s projected revenue of N10tn for 2023 cannot support fresh borrowings.
06/22/2023
Gauteng has for many years been a leading tourism destination in Africa.
06/22/2023
The chairman said it ended the financial year with a profit before tax of N2.92bn
06/22/2023
The payment of salaries by the State agencies outside the payroll system coincided with liquidity pressures in government
06/21/2023
Our main aim is to support African companies – in particular, small to medium sized enterprises (SMEs)
06/21/2023
The funds will help address the financing access gap experienced by many MSMEs
06/19/2023
Thought to be worth R15bn a year in profits to the major banks, it’s a market that is begging for disruption – and several new challengers are happy to oblige.
06/16/2023
Popoola while commending the growth of Guinness Nigeria in the last few years, said that the NGX has very big ambitions on sustainability and will continue its drive towards attracting capital around sustainability.
06/16/2023
The high interest in the paper has, however, come as a surprise to analysts with the subscription rate beating many of their expectations.
06/16/2023
US$8.2 billion in approvals to African member countries
06/15/2023
Equity will buy the stake from the Government of Rwanda, Rwanda Social Security Board, Sanlam Vie Plc and Ms Judith Mugirasoni and plans to eventually make an offer to buy the remaining shares.
06/15/2023
South Sudan currently boasts the third largest oil reserves in sub-Saharan Africa
06/13/2023
Uduanu added that the personalised financial service was to ensure that retirement funds served its intended purpose, as pension
06/13/2023
It’s frustrating to be a business owner in South Africa.
06/13/2023
The management of the airline also disclosed it was in the process of identifying a financial adviser to help develop an investor memo to guide the selection of the preferred investor(s).
06/13/2023
Based on DataPro’s analysis, TrustBanc’s assets were predominantly composed of liquid assets, accounting for 89 per cent of the total assets as of the end of 2022.
06/12/2023
Executives in South Africa have been criticising the government and Ramaphosa for months, warning that not enough was being done to keep the country from becoming a failed state.