Rinehart’s Hancock Prospecting Acquires MinRes Gas Assets for $1.1 Billion
The binding sale-and-purchase agreement would see MinRes sell 100% of its exploration permits 368 and 426 in the Perth basin to Hancock, while also entering...
Category : BUSINESS
L&T Shares Rise as Power Transmission Division Secures Major Orders in Middle East, Africa
Larsen & Toubro added 1.34% to Rs 3426.35 after the company’s Power Transmission & Distribution (PT&D) vertical won new ‘major’ orders in the Middle-East and...
Growthpoint Laments Rising Rates and Taxes Amid Decline in Service Delivery
Growthpoint Properties, one of South Africa’s largest property investment firms, has raised concerns over the steep increase in municipal rates and taxes, which has severely...
China’s Next-Gen Factory Owners Turn to Digital Solutions to Overcome Economic Challenges
China’s second-generation factory owners are adapting to significant economic challenges by embracing digital solutions to modernize and sustain their family businesses. As traditional manufacturing faces...
Oil Falls After Israeli Strike on Iran Bypasses Nuclear Targets
Singapore The yen hit a three-month low on Monday as Japan’s ruling party lost its parliamentary majority, while oil tumbled after Israel’s weekend strike on...
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...
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...