The African Energy Chamber (AEC) this said it was disappointed by Total’s declaration of a force majeure on its LNG project in Mozambique. Read more.
Business and financial news from the African continent.
The government’s ongoing expenditure towards infrastructural development and investment in energy-efficient is encouraging the market demand for Zimbabwe Construction and Infrastructure companies as well as encouraging the involvement of companies that operate with technological advancements. Read more.
The Namibian financial system remained resilient, withstanding the shocks of the country’s worst economic performance since independence and the pre-existing weak economic activity that was worsened by the COVID-19. Read more.
Notwithstanding the impact of Covid 19 on tourism ,leading Malawi stock exchange listed Sunbird Hotels and Resorts is embarking on massive expansion and is set to open a new hotel this year. Read more.
Global mining company, Anglo American plc says performances at the copper operations in Chile, and PGMs and iron ore in South Africa drove the groups’ Q1 production 3% up.
The National Bank of Malawi (NBM) plc has announced that it has now completed the acquisition of a 51 percent controlling stake in Akiba Commercial Bank plc (ACB) in Tanzania for a consideration of USD 7.31 million. Read more.
After a constant period of high economic growth with an average of not less than 5% per annum over the period 2010-2015, Namibia experienced a slowdown in real gross domestic product (GDP) in the past four years .
Namibia chamber of mines, a representative board of mining companies in the country is edgy over the delay in finalising the New Equitable Economic Empowerment Bill (NEEEF) which is set to push for improved local participation of the previously disadvantaged population in key sectors of the economy. Read more.
Lesotho could finally be on course to benefiting from its first mover advantage after leading medical cannabis grower MG Health announced acquiring accreditation to sell its products in the European Union (EU).
South Africa is expected to be the largest automotive industry in the continent however, increased competition from the used vehicle market and weak domestic demand - which is further compounded by constrained household finances and high unemployment remains the major concerns for the automotive industry in the country. Read more.
Namibia is mooting establishment of an agriculture centred insurance product to mitigate the devastating effects of natural calamities like drought and floods on the sector
LUSAKA stock Exchange listed Puma Energy Zambia PLC recorded a profit after tax of K160.18 million compared to K105.55 million recorded in the previous financial year. Read more.
