FeaturedOil & GasTotal, Mozambique sign security pact for $20 bn natural gas projectInternational Finance Business DeskSeptember 3, 2020 by International Finance Business DeskSeptember 3, 2020 A joint task force will be formed to provide security for Mozambique LNG project activities in the Afungi site... Read more
EconomyFeaturedNigeria’s capital imports nosedive 78.6% to $1.295 bn in Q2International Finance Business DeskSeptember 1, 2020 by International Finance Business DeskSeptember 1, 2020 Its capital imports had dropped $21.32 billion seven years ago to $5.12 billion in 2016 and has merely recovered ever since... Read more
FeaturedOil & GasAfrica Energy to increase stake in Block 11B/12BInternational Finance Business DeskAugust 26, 2020 by International Finance Business DeskAugust 26, 2020 The company will increase its stake from 4.9 percent to 10 percent... Read more
EnergyRenewable energy accounts for 20% of Egypt’s electricity production: MinisterPritam BordoloiAugust 26, 2020 by Pritam BordoloiAugust 26, 2020 In the last five years, Egypt added over 28,000 MW of power production capacity... Read more
FeaturedTelecomEthiopia suspends plans to allow foreign bids for telecom licenceInternational Finance Business DeskAugust 20, 2020 by International Finance Business DeskAugust 20, 2020 Previously, the Ethiopian Telecommunication Authority had invited interested companies to submit their bids to end monopoly in the sector... Read more
BankingFeaturedFamily Bank records Sh638.5 mn in profits during H1 2020International Finance Business DeskAugust 19, 2020 by International Finance Business DeskAugust 19, 2020 The bank is closely working with county governments to assist those affected by the pandemic... Read more
Shipping and PortsDP World announces completion of 400 meter extension of Berbera PortPritam BordoloiAugust 14, 2020 by Pritam BordoloiAugust 14, 2020 It will increase the terminal’s capacity by 500,000 TEUs per year... Read more
BankingEmirates NBD in talks to acquire Blom Bank EgyptPritam BordoloiAugust 13, 2020 by Pritam BordoloiAugust 13, 2020 Emirates NBD confirmed about preliminary talks between both parties through a bourse filing... Read more
InsuranceAllianz and CIB Egypt to provide insurance against online banking servicesPritam BordoloiAugust 10, 2020 by Pritam BordoloiAugust 10, 2020 The insurance will also cover damages to digital property, business interruption, and investment expenditures... Read more
TechnologyAbsa ARO moves to Fiserv to enable card management in African nationsWebAdminAugust 4, 2020August 4, 2020 by WebAdminAugust 4, 2020August 4, 2020 It seeks serve customers in Botswana, Ghana, Kenya, Mauritius, Mozambique, Seychelles, Tanzania, Uganda and Zambia... Read more