BUSINESS Archives - Page 5 of 22

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

Eniola OladeleDecember 31, 2024

by Eniola OladeleDecember 31, 2024098

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, 2024072

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....

BUSINESS ECONOMY International News

European Commission Grants €1 Billion in Macro-Financial Assistance to Egypt

Eniola OladeleDecember 23, 2024

by Eniola OladeleDecember 23, 2024095

The European Commission has adopted a decision to disburse €1 billion in loans to Egypt following the fulfilment of the policy conditions agreed with the EU...

BUSINESS ECONOMY

SMEs Risk Falling Behind Without Proper Tools to Handle Festive Season Rush

Eniola OladeleDecember 19, 2024

by Eniola OladeleDecember 19, 2024094

As the festive season approaches, small and medium enterprises (SMEs) face a critical period that could make or break their yearly performance. The holiday rush...

BUSINESS TECHNOLOGY

Elon Musk Announces Starlink Service Inactive in India After Second Device Seized by Authorities

Eniola OladeleDecember 18, 2024

by Eniola OladeleDecember 18, 20240128

Elon Musk’s satellite internet service, Starlink, has been rendered inactive in India following the seizure of a second Starlink device by local authorities. This latest...

Africa BUSINESS TECHNOLOGY

Africa’s Tech Unicorns Face Growth Challenges in Global Markets

Eniola OladeleDecember 18, 2024

by Eniola OladeleDecember 18, 2024092

Africa’s tech ecosystem has witnessed a surge in innovation, with several startups achieving unicorn status valuation at or above $1 billion. Companies like Flutterwave, Jumia,...

Africa BUSINESS

Masdar-Backed Renewable Energy Firm Explores Abu Dhabi IPO Amid Growth in Clean Energy Investments

Eniola OladeleDecember 18, 2024

by Eniola OladeleDecember 18, 2024089

A renewable energy developer supported by Masdar, one of the world’s leading clean energy companies, is reportedly considering an initial public offering (IPO) on the...

Africa BUSINESS

IEA Forecasts Record-High Coal Demand Until 2027 Amid Global Energy Transition Challenges

Eniola OladeleDecember 18, 2024

by Eniola OladeleDecember 18, 2024088

The International Energy Agency (IEA) has released a report projecting that global coal demand will continue to hit record highs through 2027, driven by persistent...

Africa BUSINESS SPORTS

Giannis Antetokounmpo Launches Investment Fund to Support Aspiring Entrepreneurs

Eniola OladeleDecember 17, 2024

by Eniola OladeleDecember 17, 20240108

Giannis Antetokounmpo, the NBA superstar often referred to as the Greek Freak, has once again transcended the confines of basketball. Known for his relentless drive...

Africa BUSINESS

Telkom Receives ICASA Approval for Sale of Masts Business

Eniola OladeleDecember 17, 2024

by Eniola OladeleDecember 17, 20240107

Telkom, South Africa’s state-owned telecommunications company, has received approval from the Independent Communications Authority of South Africa (ICASA) for the sale of its masts and...

Africa BUSINESS

Cornerstone Asset Managers to Revolutionize Wealth Creation and Management in Uganda

Eniola OladeleDecember 16, 2024

by Eniola OladeleDecember 16, 20240105

In a bold move to reshape Uganda’s financial landscape, Cornerstone Asset Managers is setting the stage to revolutionize wealth creation and management. The asset management...

Africa BUSINESS

Court Blocks ICTSI’s Bid to Appeal South Africa Port-Deal Ruling

Eniola OladeleDecember 12, 2024

by Eniola OladeleDecember 12, 2024081

A South African court has blocked the International Container Terminal Services Inc. (ICTSI) from appealing a decision regarding its controversial bid to take over a...

Aviation BUSINESS

GOL Airlines to Pursue Chapter 11 Restructuring in US Bankruptcy Court

Eniola OladeleDecember 10, 2024

by Eniola OladeleDecember 10, 2024086

Brazilian airline GOL Linhas Aéreas announced plans to file for Chapter 11 restructuring with the U.S. Bankruptcy Court as part of its strategy to stabilize...

Africa BUSINESS

Libya’s Crude Oil Output Surpasses 2024 Target by 22,000 Barrels Daily: NOC Reports Milestone

Eniola OladeleDecember 7, 2024

by Eniola OladeleDecember 7, 20240105

Libya’s National Oil Corporation (NOC) has announced a significant achievement, with the country’s crude oil and condensate production exceeding its 2024 target by 22,000 barrels...

Africa BUSINESS TECHNOLOGY

Libya e-Commerce Expo 2024: A Major Step Toward Digital Transformation, Set for December in Tripoli

Eniola OladeleNovember 30, 2024November 30, 2024

by Eniola OladeleNovember 30, 2024November 30, 20240121

The Libya e-Commerce Expo 2024, set to take place from December 1st to 3rd in Tripoli, is poised to be a landmark event for...

Africa BUSINESS

The Evolving Role of Annual Reports in Shaping B2B Narratives

Eniola OladeleNovember 28, 2024

by Eniola OladeleNovember 28, 2024094

In today’s rapidly changing business landscape, annual reports are no longer just a tool for financial transparency. They have evolved into a powerful narrative device,...

BUSINESS ECONOMY

Trade Minister Intervenes to Challenge Vodacom-Remgro Deal Block

Eniola OladeleNovember 27, 2024

by Eniola OladeleNovember 27, 20240109

South Africa’s Minister of Trade, Industry, and Competition is reportedly exploring options to overturn the Competition Tribunal’s decision to block Vodacom’s acquisition of a significant...

BUSINESS ECONOMY

Egypt Launches $500 Million Sustainability Bond to Drive Climate Finance and Support MSMEs

Eniola OladeleNovember 26, 2024

by Eniola OladeleNovember 26, 20240122

Arab African International Bank (AAIB) today issued a $500 million sustainability bond, with investments from IFC, the European Bank for Reconstruction and Development (EBRD), and British...

BUSINESS STOCK MARKET

Chinese Developer Vanke Seeks Adjustments on Two Bank Loan Agreements

Eniola OladeleNovember 25, 2024

by Eniola OladeleNovember 25, 20240186

China Vanke Co. is seeking lenders’ approval to change terms on two offshore loans, people familiar with the matter said, after its finances worsened amid...

BUSINESS ECONOMY

Safaricom Ethiopia Pushes Lawmakers for Equal Market Access in Telecom Sector

Eniola OladeleNovember 23, 2024

by Eniola OladeleNovember 23, 20240103

The executives of Safaricom Telecommunications Ethiopia Plc have called for government support in ensuring equal access to open platforms, criticizing incongruent tariffs on phone services...

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