October 22
Nigeria: Alleged $4.4m Debt - Logistics Firm Loses Bid to Vacate Ex-Parte Order
This Day
All efforts by GPC Energy and Logistics Limited, to discharge a restriction order placed on it's accounts in 36 banks in Nigeria, by a Lagos Federal High Court, seem to have failed… Read more »
Nigeria: Fmn Plans $1bn Facility Expansion in the Next Four Years
This Day
Flour Mills of Nigeria (FMN) Plc, has announced plans to invest up to $1 billion over the next four years to expand its operations. Read more »
Nigeria: NAFDAC DG Begs Striking Workers to Resume Work
This Day
As the industrial action embarked on by the staff unions in National Agency for Food, Drug Administration and Control NAFDAC entered its second week, the Director General of the… Read more »
Nigeria: Transcorp Hotels Reports 67 Percent in Revenue Growth to N48.49bn
This Day
Transcorp Hotels Plc, yesterday on the Nigerian Exchange Limited (NGX) announced its third quarter (Q3) ended September 2024 unaudited result and accounts with a strong performance… Read more »
Nigeria: NUPRC Blocks Shell's $2.4bn Asset Sale, Approves $1.2bn Exxon-Seplat Deal
Daily Trust
Nigeria has blocked Shell's sale of its entire onshore and shallow-water oil operations, but approved a similar deal by Exxon Mobil, Nigeria Upstream Petroleum Regulatory… Read more »
Nigeria: UBA Grows Pre-Tax Profit By 20 Percent to N603bn in Q3 2024
Daily Trust
The United Bank for Africa (UBA) Plc, on Monday announced its unaudited results for the third quarter ended September 30, 2024, in which it recorded strong and impressive growth… Read more »
Nigeria: Transcorp Hotels Records 67 Percent Revenue Growth, Profit Up By 192 Percent in Q3
Daily Trust
Transcorp Hotels Plc, the hospitality subsidiary of Transcorp Group, has announced its Q3 results for 2024. Read more »
October 21
Nigeria: Air Peace's Heathrow Slot Request Came Late, UK Replies Keyamo
Daily Trust
The United Kingdom has finally responded to the threat by the Minister of Aviation and Aerospace Development, Mr. Festus Keyamo, SAN, to restrict its carriers out of Lagos and… Read more »
Zimbabwe: Tigere Reit in Solid Q3 Performance
The Herald
Tigere Real Estate Investment Trust (REIT) maintained solid performance during the third quarter of 2024, driven by strong occupancy across its properties. Read more »
Nigeria: Mixed Feelings Over Directive to Foreign Airlines to Patronise Local Caterers
Daily Trust
Nigerian firms lose out of $17.8bn market Read more »
Nigeria: FBN Holdings Proposes N350bn Capital Raise, Appoints Oyedeji As New GMD
Daily Trust
FBN Holdings PLC has fixed November 14, 2024 to hold crucial Annual General Meetings to decide on various items including the raising of N350 billion capital raise. Read more »
October 20
Nigeria: Total Energies Reaffirms Investment in 350mpd Bonga North Offshore, Other Jv
Leadership
Nigerian government has reiterated its commitment to ensuring a conducive operational environment for investors in the energy sector, with specific focus on the oil industry. Read more »
Nigeria: MTN Introduces Eco-Friendly SIM Cards to Tackle Plastic Waste, Climate Change
Leadership
MTN Nigeria has taken a bold step toward environmental sustainability with the introduction of its new eco-friendly SIM cards, aimed at reducing plastic waste and combating climate… Read more »
Ethiopia: Toyo Solar Energy to Invest 7 Bln USD in Hawassa Ip
Ethiopian Herald
- Japanese company Toyo Solar Energy, valued at over seven billion Birr, is set to commence operations in Hawassa Industry Park, according to the Industry Parks Development… Read more »
October 18
Liberia: New U.S. Envoy Visits APM Terminals, Lauds Company's Contribution to Liberia's Economic Growth
FrontPageAfrica
The new U.S. Ambassador to Liberia, Mark Toner, paid a visit to APM Terminals Liberia, marking his first visit to the Freeport of Monrovia since his appointment. Ambassador Toner… Read more »
Kenya: Saccos Urged to Strengthen Tech, Train Staff to Defend Against Cyberattacks
Capital FM
Saccos have been urged to enhance their technological infrastructure and train staff to better defend against the rising number of cyberattacks in the country. Read more »
Liberia: Us Amb. Toner Visits APM Terminals
New Dawn
The new U.S. Ambassador to Liberia, Mark Toner, has paid a visit to APM Terminals Liberia, marking his first visit to the Freeport of Monrovia since his appointment. Read more »
Liberia: New U.S. Envoy Visits APM Terminals-Liberia
Liberian Observer
The newly appointed U.S. Ambassador to Liberia, Mark Toner, recently made his first visit to APM Terminals Liberia at the FreePort of Monrovia. Accompanying him were embassy… Read more »
October 17
Nigeria: Dangote As Nigeria's Most Valuable Brand
This Day
In the midst of the debate over the operations of Dangote Refineries and the expectation that it would be the messiah for Nigerians as the market contends with fluctuating prices… Read more »
Ethiopia: Sale of Ethio Telecom's Share Opens New Chapter for Ethiopians to Invest in Their Country - PM Abiy
ENA
Prime Minister Abiy Ahmed remarked that the sale of 10 percent of Ethio Telecom's shares not only improves the company's competitiveness, but also opens a new chapter for many… Read more »
Uganda: Enjovu Family Business Conference Highlights Insights On Sustainability of Family Enterprises
Nile Post
The bi-annual event gathered family business leaders, advisors, and peers to explore strategies for ensuring the sustainability of family enterprises across generations. Read more »
Nigeria: Champion Breweries Harps High Operating Cost, Plans Capital Raising Next Year
Vanguard
Champion Breweries Plc has decried the harsh operating environment in the country stressing that it affected the brewery industry, which posted losses in the financial year 2023. Read more »
Ethiopia: Premier Calls On Ethiopians to Grab Ethio Telecom Shares
Ethiopian Herald
- Prime Minister Abiy Ahmed (PhD) has called on Ethiopians to purchase shares of Ethio telecom, following the company's decision to offer 10% of its shares to Ethiopian citizens. Read more »
October 16
Kenya: Capital a Investment Bank Eyes Diaspora Investors As It Rebrands
Capital FM
Capital A Investment Bank, previously known as Securities Africa Kenya Limited, has rebranded after recently receiving an investment bank license from the Capital Markets Authority… Read more »
East Africa: Comesa Probes Coca-Cola for Potential Anti-Competitive Practices
Business Day Africa
The COMESA Competition Commission (CCC) has launched an investigation into potential anti-competitive practices by The Coca-Cola Company in the Common Market. Read more »
