Dangote Plans $400m Expansion of Ethiopia Cement Plant
This Day
Aliko Dangote, Africa's richest man, has announced a $400 million plan to revive a second production line at the Mugher cement plant in Ethiopia, aiming to double the facility's… Read more »
London High Court Probes Shell Over Niger Delta Pollution Claims
RFI
The High Court in London commenced a hearing to address allegations that the oil company Shell has polluted vast areas of the Niger Delta in Nigeria, particularly in regions… Read more »
Only Two Banks Meet New Capitalisation Target - Fitch
Leadership
Only two banks have so far been able to meet the new capital requirements prescribed by the Central Bank of Nigeria (CBN), with most of the other banks still in need of huge… Read more »
Cameroon's Striking Workers Win Against French Sugar Giant Despite 'Bloody Repression'
People's Dispatch
Longstanding labor unrest over low wages, union suppression, and unsafe work conditions at Cameroon's largest sugar company, owned by a French agro-giant, erupted into a strike on… Read more »
Ethio Telecom Secures 61.9 Bln Birr in Revenue
Ethiopian Herald
- Ethio telecom, Ethiopia's state-owned telecommunications company, announced impressive results for the first half of the fiscal year, achieving 90.7% of its revenue target with a… Read more »
Sonangol's CEO Highlights Modernization in the Oil Sector
ANGOP
The Chairman of the Board of Directors of SONANGOL E.P., Sebastião Pai Querido Gaspar Martins, said on Monday that the Barra do Dande Ocean Terminal (TOBD), in Bengo, is one… Read more »
Shell, Bayelsa Govt Unite for Biodiversity Conservation
Premium Times
The News Agency of Nigeria recalls that SPDC Joint Venture commenced the Gbaran Ubie Biodiversity Action Plan in 2016. Read more »
Platcorp - Recusal Judgement Reserved
Lesotho Times
The directors and officers of multi-national financial services company, Platcorp Holdings Limited, will have to wait until Friday 14 February, 2025, to know if Court of Appeal… Read more »
Uegcl Reports 60 Percent Growth in Net Profit to Shs54bn
Independent (Kampala)
State-owned Uganda Electricity Generation Company Limited (UEGCL) has reported a 60% increase in net profit for the 2023/24 financial year to Shs54 billion. Read more »
77 Kenyan Firms Face Closure Over Non-Operation
Capital FM
Seventy-seven Kenyan companies risk being deregistered within three months following a gazette notice issued by the Registrar of Companies citing non-operation. Read more »
Nigerian Fintech Firm Moniepoint Denies Being Hacked
Africa Check
Nigerian fintech firm Moniepoint denies being hacked Read more »
Buupass, Stanbic Bank Partners to Provide Cashback Offers to Travelers
Capital FM
East Africa's travel solutions platform BuuPass, has partnered with Stanbic Bank Kenya to offer exclusive cashback rewards for Stanbic Bank cardholders. Read more »
Egypt's Paymob Secures UAE Retail Payment License to Expand Services
Daba Finance
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PWC Launches Forensic Investigation Into IDT's Troubling R836-Million Oxygen Plants Project
Daily Maverick
A Daily Maverick investigation in late 2024 unearthed alleged malfeasance in a project to install oxygen plants at government hospitals. Auditing firm PwC will now carry out a… Read more »
Oando Expands Upstream Footprint in Africa, Wins Bid for Angola Oil Block
This Day
Oando Plc, one of Africa's leading indigenous energy solutions, yesterday announced that it had successfully completed and won the bid for the operatorship of oil block KON 13 in… Read more »