Aviation Contributes $37bn to Dubai’s Economy Report
The aviation sector supported 27% of Dubai’s GDP in 2023, with an economic contribution of AED 137 billion (USD 37.3 billion) which is set to...
Category : BUSINESS
Business Brief: Mondi Shutters Fire-Hit Bulgarian Mill; Mercedes Sees Profit Plunge
In two major i industry developments, Mondi Group and Mercedes-Benz are facing challenges that could influence their operational outlook and market positions. Mondi Group, a...
Air Canada and airBaltic Launch New Codeshare Partnership to Enhance Connectivity Between Canada and the Baltic States
Air Canada and airBaltic have announced a new codeshare agreement starting October 23, 2024. This partnership strengthens travel options between Canada and the Baltic region....
Uganda Joins BRICS as Partner Nation, Opening Doors for Enhanced Trade and Investment Opportunities
Uganda has officially joined BRICS (Brazil, Russia, India, China, and South Africa) as one of 13 new partner nations in a move set to reshape...
Pan African Lists New Instrument Under JSE’s Sustainability Segment
Pan African Resources has officially listed a new financial instrument under the Johannesburg Stock Exchange’s (JSE) sustainability segment, marking a significant step in its commitment...
EFF Flags R52M Spent on Deporting Illegal Immigrants in Five Months
The EFF has raised concerns over the R52.8 million spent on deporting illegal immigrants between April and August this year. In a recent parliamentary Q&A...
SA Businessman Under Scrutiny for US$850M Zimbabwe Oil Pipeline Project
In an emerging narrative that intertwines immense financial stakes and allegations of corruption, South African businessman Errol Gregor is spotlighted for his involvement in a...
KenGen to add 1,500MW of power to grid in Sh560b financing plan
KenGen has announced an ambitious ten year programme plan to double the country’s electricity production at a cost of more than Sh560 billion (USD4.3 billion)....
Morocco to Boost Shipbuilding Activity by 2024 as Part of Maritime Industry Expansion
Morocco is set to significantly enhance its shipbuilding industry by 2024, positioning itself as a key player in the maritime sector. This strategic move is...
KHAYA SITHOLE: Good Crisis Response Model for Distressed Businesses is Under-Explored
In the wake of economic downturns, global pandemics, and other unforeseen disruptions, many businesses find themselves grappling with crises that threaten their very existence. While...
Jamie Dimon Charts JPMorgan Expansion Plan into Africa
Jamie Dimon, CEO of JPMorgan Chase, has set his sights on expanding the bank’s footprint into Africa, signaling a bold new direction for one of...
Algeria Invests $3 Billion in Desalination Plants to Combat Water Scarcity
In a bold move to address its pressing water crisis, Algeria has announced a significant investment of $3 billion to construct new desalination plants along...
Foreign Diamond Dealers Finally Freed After Costly Ordeal
After a prolonged and harrowing experience, a group of foreign diamond dealers has been released following their detention under controversial circumstances. The ordeal, which has...
Prosuma’s Bubbles Burst: Major Loss in Champagne and Spirits Distribution Signals Tough Times Ahead
In a significant blow to its operations, Prosuma, a leading beverage distribution company in Africa, has announced the loss of its rights to distribute major...
Nigeria’s Oil Divestment: Time to Simplify a Complex Process for Investors
Nigeria’s oil industry is facing a pivotal moment as international oil companies (IOCs) continue to divest their assets in the country, particularly from onshore and...
Mixed Signals from South Africa’s Mining Output Highlight Ongoing Struggles in the Sector
South Africa’s mining industry, historically a cornerstone of the nation’s economy, continues to grapple with a complex mix of challenges, as recent output data reveals...
France Expresses Support for Ethiopia’s Economic Reforms
France has reaffirmed its commitment to supporting Ethiopia’s ambitious economic reform agenda, aimed at modernizing and transforming its economy. In a recent meeting between French...
Canada-Africa Business Conference 2024: Harare to Host Hundreds for 3rd Annual Event from October 15-16
Members and guests of The Canada-Africa Chamber of Business are gathering next week for the 3rd Canada-Africa Business Conference in Harare. The two-day program will once...
USD vs ZiG: What’s Next as Zimbabwe’s New Currency Faces Rapid Decline
The newest country in the world has imploded, less than six months after it was launched. The USD to ZiG exchange rate has soared from...
Rwanda Celebrates Key Milestone in Advancing Continental Free Trade Agreement
The future of intra-African commerce is to unfold further, as Rwanda hosts the second edition of the African Continental Free Trade Area (AfCFTA) Business Forum,...