BUSINESS Archives - Page 4 of 22

TotalEnergies Further Delays $20 Billion Mozambique LNG Project Amid Security Concerns, FT Reports

Eniola OladeleJanuary 22, 2025

by Eniola OladeleJanuary 22, 2025072

TotalEnergies has announced another delay in the development of its $20 billion liquefied natural gas (LNG) project in Mozambique, citing ongoing security concerns in the...

Africa BUSINESS ECONOMY

Juba Markets Slowly Revive Amid Tensions, but Many Shops Remain Closed

Eniola OladeleJanuary 22, 2025

by Eniola OladeleJanuary 22, 2025066

Markets in Juba, the capital of South Sudan, are gradually returning to life after weeks of disruption caused by ongoing insecurity and economic instability. While...

Africa BUSINESS

SA REITs Deliver 36% Returns in 2024, Merchant West Predicts Further Growth

Eniola OladeleJanuary 20, 2025

by Eniola OladeleJanuary 20, 2025069

South African Real Estate Investment Trusts (REITs) recorded impressive returns of nearly 36% in 2024, significantly outperforming other asset classes. Analysts at Merchant West anticipate...

Africa BUSINESS International News

South African Banks Under Parliamentary Investigation for Lending Practices

Eniola OladeleJanuary 17, 2025

by Eniola OladeleJanuary 17, 2025071

South African banks are set to come under intense parliamentary scrutiny as concerns grow over their credit lending practices. The Parliamentary Standing Committee on Finance...

Africa BUSINESS

Karooooo Sees Earnings Surge with Logistics Sector Boost

Eniola OladeleJanuary 15, 2025

by Eniola OladeleJanuary 15, 2025054

South African tech company Karooooo has reported significant growth in its earnings, driven largely by a surge in demand within the logistics sector. The company,...

Africa BUSINESS

China Considers Selling TikTok’s US Operations to Elon Musk, Bloomberg Reports

Eniola OladeleJanuary 14, 2025

by Eniola OladeleJanuary 14, 2025063

China is reportedly contemplating the sale of TikTok’s U.S. operations to billionaire entrepreneur Elon Musk, according to Bloomberg News. The potential sale comes amid mounting...

Africa BUSINESS Uncategorized

BizTrends 2025: Key Trends Shaping Local SMEs and Entrepreneurs*

Eniola OladeleJanuary 13, 2025

by Eniola OladeleJanuary 13, 2025091

As we look ahead to 2025, small and medium-sized enterprises (SMEs) and entrepreneurs are set to face new opportunities and challenges. These trends are poised...

Africa BUSINESS

Zimbabwe Scraps VAT on LPG, Prices Drop by 10%

Eniola OladeleJanuary 10, 2025

by Eniola OladeleJanuary 10, 2025083

In a move aimed at reducing energy costs for households and businesses, Zimbabwe has announced the removal of Value Added Tax (VAT) on Liquefied Petroleum...

Africa BUSINESS

Egypt and Medlog Sign Landmark Dry Port Deal to Boost Trade and Logistics

Eniola OladeleJanuary 10, 2025

by Eniola OladeleJanuary 10, 2025084

In a significant move aimed at enhancing Egypt’s logistics sector, the country has signed a key agreement with Medlog, a leading global logistics operator, to...

Africa Aviation BUSINESS

Kenya Airways to Resume Direct Flights to Angola, Strengthening Regional Connectivity

Eniola OladeleJanuary 9, 2025

by Eniola OladeleJanuary 9, 2025079

Kenya Airways, the national carrier of Kenya, is set to resume direct flights to Angola, marking a significant milestone in its efforts to enhance regional...

Africa BUSINESS ECONOMY

Ethiopia Launches New Stock Market to Attract Global Investors

Eniola OladeleJanuary 8, 2025

by Eniola OladeleJanuary 8, 20250113

In a historic move, Ethiopia has officially launched its own stock market, marking a significant milestone in the country’s economic transformation. The launch of the...

Africa BUSINESS

JSW Steel’s $50 Billion Mozambique Coal Deal Frozen Amid Ongoing Legal Dispute

Eniola OladeleJanuary 8, 2025

by Eniola OladeleJanuary 8, 2025067

JSW Steel’s monumental $50 billion coal deal in Mozambique has come to a standstill, as the company faces an escalating legal dispute. This deal, one...

Africa BUSINESS ECONOMY

Durban Port Faces Ongoing Delays Amid Severe Equipment Shortage

Eniola OladeleJanuary 8, 2025

by Eniola OladeleJanuary 8, 2025082

Durban’s port, one of Africa’s busiest, continues to grapple with significant delays due to a persistent shortage of crucial equipment. The shortage has been a...

Africa BUSINESS

Barrick Gold Issues Ultimatum to Mali Government Over Contract Dispute

Eniola OladeleJanuary 7, 2025

by Eniola OladeleJanuary 7, 2025067

Barrick Gold, one of the world’s leading gold mining companies, has issued a stern ultimatum to the government of Mali following an escalating dispute over...

Africa BUSINESS International News

Oil Prices Slip Amid Waning Demand Optimism

Eniola OladeleJanuary 7, 2025

by Eniola OladeleJanuary 7, 2025069

Oil prices have experienced a decline as concerns over reduced global demand dampen optimism that has previously supported markets. The outlook for oil has shifted...

Africa BUSINESS

Tesla’s China Sales Reach Record High in 2024, Defying Global Decline

Eniola OladeleJanuary 3, 2025

by Eniola OladeleJanuary 3, 2025066

In 2024, Tesla has achieved a remarkable milestone, with its sales in China soaring to a record high. This growth comes amid a global slowdown...

Africa BUSINESS ECONOMY

2025 Holds Better Economic Prospects for South Africa: A New Era of Growth and Recovery

Eniola OladeleJanuary 3, 2025

by Eniola OladeleJanuary 3, 2025098

South Africa’s economy has faced numerous challenges in recent years, ranging from high unemployment and load shedding to sluggish growth and global uncertainties. However, as...

Africa BUSINESS International News

Egyptian Contractors Eye Iraq Reconstruction with Backing from First Abu Dhabi Bank

Eniola OladeleDecember 31, 2024

by Eniola OladeleDecember 31, 2024066

Egyptian construction companies are setting their sights on major opportunities in Iraq’s reconstruction efforts, with financial backing from First Abu Dhabi Bank (FAB), one of...

Africa Agriculture BUSINESS

Zimbabwean Farmers Urged to Tap Into China’s Growing Fruit Import Market

Eniola OladeleDecember 31, 2024

by Eniola OladeleDecember 31, 2024094

Zimbabwe’s agriculture sector is being encouraged to explore new export opportunities, particularly in China’s expanding fruit import market. As China’s demand for fresh produce continues...

Africa BUSINESS ECONOMY

Zimbabwe’s Currency Crisis Deepens: Traditional Stores Struggle as Illegal Night Bazaars Thrive

Eniola OladeleDecember 31, 2024

by Eniola OladeleDecember 31, 2024065

Zimbabwe’s ongoing currency crisis is wreaking havoc on the country’s retail landscape, leaving traditional stores grappling with soaring prices and limited access to foreign currency....

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