Kenya Goes After People Creating a Fuel Crisis
The Kenyan government has confirmed the deportation of the French chief executive of one of the biggest oil marketers in Kenya amid a fuel shortage crisis. Rubis Energy Kenya CEO Jean-Christian Bergeron was the first person to be sanctioned since Kenya’s energy regulator said it would act against oil marketers creating what it says is […]
Uber Bows Out of Tanzania
US-based ride-hailing company, Uber, has suspended its services in Tanzania after six years in the country. “Current regulations in the transportation sector have created an environment that is not friendly and has been a challenge in our business,” the firm said. It is however not clear what the exact conditions are. “This is a difficult […]
The Structural Transformation and Economic Diversification of Sao Tome and Principe
As a micro island State, Sao Tome and Principe (STP) faces many challenges that seriously impede its development process. Its governance capacity must be strengthened to allow the formulation of development policies likely to address its current needs in a relevant and coherent manner. The country’s infrastructural deficit (in areas such as transport, water, health […]
Some of the Best-paying Jobs in Africa
Despite the pandemic effects and ongoing changes in various sectors of the African economy, there are still high-paying occupations on the continent. With multiple careers and professions in demand, knowing the best paying jobs in Africa will set you on the right path to career success. According to Glassdoor, software development is a lucrative and […]
Flows from South Africa to Terror Groups May Add Up to Hundreds of Thousands of Dollars a Year
As South Africa earns praise for battling jihadists in Mozambique, it is also gaining a reputation as a hub and money-laundering centre for jihadists from across the continent. In March America’s Treasury imposed sanctions on four people in South Africa accused of raising money and recruiting for is activities and branches across Africa. The American […]
Standard Chartered Will Refocus its Africa Franchise On What it Sees as High-growth Markets
The UK banking group Standard Chartered is planning to exit Angola, Cameroon, Gambia, Sierra Leone and Zimbabwe. It will also leave its consumer, private and small business banking operations in Tanzania and Côte d’Ivoire, focusing instead on corporate, commercial and institutional clients. Operating profit in 2021 for Standard Chartered in the Middle East and Africa […]
Boosting Local Empowerment in Nigeria’s Oil and Gas Sector
As international oil companies move out of Nigeria, or into deeper water to avoid disruption to onshore assets, new opportunities for local players are emerging. Nigerian oil and gas company Seplat made the headlines this year when it announced that it had bought the offshore shallow water business of ExxonMobil in the country for $1.2bn. […]
African Tech Founders React to Damning Allegations against Flutterwave
When Flutterwave wanted to raise $100 million in Jan. 2021, it pitched a compelling set of metrics to investors. Its revenue had grown from $5 million to $55 million between 2018 and 2020. Gross profit was $26 million with a 48% margin. Its services were used in 20 countries, thanks to the hard work of […]
Strategic partnership: African Media Agency (AMA) and VivaTech join forces to promote business innovation and drive opportunities in Africa Tech
ABIDJAN, Cote d’Ivoire, 15th April 2022 -/African Media Agency(AMA)/- African Media Agency (AMA), a leading pan-African PR and communications firm today announced its partnership with Europe’s biggest startup and tech event, VivaTech. The partnership is aimed at promoting business innovation and driving opportunities in Africa Tech industry while catapulting the growth of Africa’s tech ecosystem to a […]
Standard Bank Releases R2 Million To Support Flood-Impacted Communities In KZN
The first R2 million from Standard Bank is on its way to assist non-profit organisations (NGOs) that operate in KwaZulu-Natal to provide relief in the form of food, shelter and necessities to those whose lives have been upended by the devastation caused by mass flooding in the province. The first tranche of relief that Standard Bank has […]
