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AfricaBusinessEconomy

Report: Shell is planning to leave South Africa.

The Sunday Times and City Press have two reports claiming that the petrochemical behemoth Shell intends to leave South Africa. The international firm will sell its 72% share in Shell Downstream South Africa, according to reports quoting sources connected to Shell’s BEE partner in South Africa, Thebe Investments. Conflict about the worth of Thebe’s remaining 28% interest in the…
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AfricaBusinessPolitics

Ethiopia will allow foreigners to buy real estate – PM

The recent announcement by Prime Minister Abiy Ahmed to permit foreign nationals to buy real estate in Ethiopia marks a significant shift in the country’s economic policies. This move, along with other proposed reforms, aims to attract foreign investment, stimulate economic growth, and address the nation’s economic challenges. Ethiopia, with its population of approximately 120…
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AfricaBusinessEconomyWorld

Direct flights from Libya to Italy set to resume

The country’s embassy in the North African nation tweeted that Rome had lifted the ban which had been in place for a decade Exclusive News Direct flights between Libya and Italy are expected to resume this fall, Italian diplomats have said. Rome imposed the ban a decade ago amid the chaos that followed the toppling of the leader, Muammar Gaddafi, and NATO’s…
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AfricaBusinessEconomy

India strengthens bilateral trade with Tanzanian

Indian External Affairs Minister Subrahmanyam Jaishankar hailed bilateral trade during a visit to the African country Exclusive News India remains the biggest destination for Tanzanian exports, External Affairs Minister Subrahmanyam Jaishankar has said. New Delhi’s top diplomat is concluding a four-day visit to the African country dedicated to issues of economic cooperation, according…
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AfricaBusinessEconomy

Nigeria is world’s most crypto-savvy

Many are surprised at the result due to Nigeria’s status as a Third World nation, digital currency analysts told RT Exclusive News Nigeria is leading the pack in terms of cryptocurrency awareness, a recent survey conducted by the private blockchain software company ConsenSys and YouGov has found. The study, which polled more than 15,158 people in 15 countries, showed that 92% of the…
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AfricaBusinessEconomy

Nigeria digs deep on latest Shell oil spill

Pipeline leak reportedly lasted for several days and contaminated a river in oil-producing Niger Delta Exclusive News Nigerian authorities have reported a new oil spill at a Shell facility in the Niger Delta, which they say has contaminated farmland and a river, disrupting livelihoods in fishing and farming communities, according to RT News. The spill came from the Trans-Niger…
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BusinessEconomyWorld

Saudi Arabia set to stop supplying oil to USA

The kingdom’s steepest drop in production since 2011 would tighten Western markets, the news agency has predicted Exclusive News Saudi Arabia could slash oil exports to the US in July, which would result in the tightening of Western markets, Bloomberg reported on Monday, as per RT News.    The kingdom is set to unilaterally reduce its crude production next month by 1 million…
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