BUSINESS Archives - Page 9 of 22

PwC Withdraws from Nine African Countries Amid Global Audit Scandals and Strategic Restructuring

AarondexApril 17, 2025April 17, 2025

by AarondexApril 17, 2025April 17, 20250768

PricewaterhouseCoopers (PwC), one of the world’s leading accounting firms, has announced its withdrawal from nine African countries as part of a strategic overhaul aimed at...

Gold Shoots Past $3,200 Amidst Dollar Slide

AarondexApril 11, 2025April 11, 2025

by AarondexApril 11, 2025April 11, 20250452

In a remarkable turn of events, gold prices surged to an all-time high of $3,210 per ounce on Friday, April 11, 2025, as the U.S....

BUSINESS Africa

Egypt and France Sign $7.7 Billion Deal to Develop Green Hydrogen Plant

AarondexApril 8, 2025

by AarondexApril 8, 20250517

In a significant step towards advancing renewable energy initiatives, Egypt and France have signed a landmark agreement worth €7 billion ($7.68 billion) to jointly develop,...

BUSINESS Africa

Chad Jenkins Calls on Entrepreneurs to Rethink Innovation and Leadership

Jide AdesinaSeptember 11, 2024September 11, 2024

by Jide AdesinaSeptember 11, 2024September 11, 20240491

Entrepreneur and business strategist Chad Jenkins is challenging entrepreneurs around the world to adopt a new mindset—one that moves beyond traditional strategies and embraces innovative,...

BUSINESS Africa STOCK MARKET

Stock Market Caution as Key Economic Data Approaches

Jide AdesinaSeptember 10, 2024

by Jide AdesinaSeptember 10, 20240591

Global stock markets are bracing for critical economic data to be released this week, especially in the U.S., where the labor market report is expected...

BUSINESS TECHNOLOGY Uncategorized

African Tech Startups Attract Record Investment Amid Global Slowdown

Jide AdesinaSeptember 9, 2024September 9, 2024

by Jide AdesinaSeptember 9, 2024September 9, 20240627

Despite a challenging global economic environment, African tech startups have continued to attract record levels of investment in 2024. In the first half of the...

STOCK MARKET BUSINESS The Afrika Market

Botswana Stock Exchange (BSE) Gains Amid Diamond Sector Recovery

Jide AdesinaSeptember 9, 2024

by Jide AdesinaSeptember 9, 20240733

The Botswana Stock Exchange (BSE) saw positive movement today, driven by a rebound in the diamond sector. Shares in Debswana, a joint venture between De...

BUSINESS The Afrika Market

Mixed Performances in African Stock Markets as Global Uncertainty Persists

Jide AdesinaSeptember 9, 2024

by Jide AdesinaSeptember 9, 20240688

African stock markets displayed mixed results as global economic uncertainty, fluctuating commodity prices, and regional political developments influenced trading activities. While some markets saw gains...

BUSINESS Africa Power

Ghana’s Parliament Approves $250M World Bank Loan for Energy Sector Recovery After Initial Rejection

Jide AdesinaSeptember 5, 2024

by Jide AdesinaSeptember 5, 20240627

Accra, Ghana – After initially rejecting the proposal in a surprise vote on July 30, the Parliament of Ghana has now approved a $250 million...

BUSINESS Africa ECONOMY

Dangote Refinery Unveils First Petrol Batch, Promises Market Availability Within 48 Hours

Jide AdesinaSeptember 3, 2024

by Jide AdesinaSeptember 3, 20240599

The Dangote Oil Refinery, with a capacity of 650,000 barrels per day (bpd), has unveiled its first petrol product to the Nigerian public. The presentation...

Africa Asia BUSINESS

Nigeria Poised to Expand Partnership with Indonesia.

Jide AdesinaSeptember 2, 2024

by Jide AdesinaSeptember 2, 20240656

Nigeria has expressed its readiness to strengthen relations with Indonesia. The Minister of Information and National Orientation, Mohammed Idris, said there is a lot of...

BUSINESS Africa

Meet Nigeria’s Top 10 Wealthiest Titans: The Business Moguls Shaping the Nation’s Economy.

Jide AdesinaAugust 30, 2024

by Jide AdesinaAugust 30, 20240986

Aliko Dangote Aliko Dangote, the wealthiest man in Africa, built his fortune through Dangote Group, a conglomerate with interests in cement, sugar, salt, and flour....

BUSINESS Africa TECHNOLOGY

“Starlink’s Multi-Million Dollar Investment: A Game Changer for Nigeria’s Growth”

Jide AdesinaAugust 28, 2024August 28, 2024

by Jide AdesinaAugust 28, 2024August 28, 20240599

Industry experts have praised Elon Musk’s Starlink for its substantial investment in Nigeria, highlighting the company’s dedication to enhancing telecommunications infrastructure across Africa. Reports indicate...

International News BUSINESS STOCK MARKET TECHNOLOGY

Nvidia’s Q2 Sales Could Soar, But Even a Small Miss Might Shake Up the Stock!

Jide AdesinaAugust 26, 2024

by Jide AdesinaAugust 26, 20240625

Nvidia is set to announce its second-quarter earnings on Wednesday, with projections indicating that its revenue could more than double. However, investors accustomed to the...

BUSINESS Africa

Standard Bank Group Reports Earnings Surge and Divvy Boost

Jide AdesinaAugust 21, 2024

by Jide AdesinaAugust 21, 20240698

Standard Bank Group has once again showcased its financial prowess, reporting impressive headline earnings of R22 billion and a return on equity of 18.5% for...

BUSINESS TECHNOLOGY

Airtel Africa Announces $50 Million Share Buy-Back to Boost Shareholder Value

Jide AdesinaAugust 19, 2024August 19, 2024

by Jide AdesinaAugust 19, 2024August 19, 20240651

Airtel Africa is making waves with the launch of the second phase of its $100 million share buy-back initiative, aimed at enhancing shareholder value and...

BUSINESS

The E-commerce Revolution in Africa: Jumia Leading the Charge

Jide AdesinaAugust 19, 2024

by Jide AdesinaAugust 19, 20240796

Africa is undergoing a significant digital transformation, with the rise of e-commerce playing a pivotal role. According to fintech firm Nikulipe, the continent’s e-commerce sector...

Commerce BUSINESS

81% of Ghana’s Cocoa Crop Hit by Devastating Bean Disease

Jide AdesinaJuly 25, 2024July 25, 2024

by Jide AdesinaJuly 25, 2024July 25, 20240873

In a devastating blow to one of Ghana’s most crucial industries, recent reports reveal that 81% of the country’s cocoa harvest is infested with a...

BUSINESS

Global Oil Firms Bet Big on Namibia Discovery Amid Energy Shift

Jide AdesinaJuly 3, 2024

by Jide AdesinaJuly 3, 20240600

The global energy landscape is witnessing a paradoxical scenario as major oil companies are vying for a stake in Galp Energia’s significant oil discovery offshore...

BUSINESS STOCK MARKET

Why investment Schemes Offering Capital Preservation and Growth are ‘Fictional’

Jide AdesinaJuly 2, 2024

by Jide AdesinaJuly 2, 20240663

Rational goals and expectations are key to successful investing Capital preservation means the eradication of any possible volatility. Getty Images Another fictional allure is any investment...

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