Category: Business

With coal being one of the key contributors to global carbon emissions, investors in the thermal coal industry have started to raise concerns over the most-polluting fuel. Accelerating its response to investor pressure, global mining company, Anglo American Plc has revealed plans to separate it

The COVID-19 pandemic has severely impacted the global airline industry with restrictions on travel forcing air companies to halt their operations. Recently, Dubai-based international airline company, Emirates announced that its flights from South Africa will continue to be suspended until April 15,

South Africas largest money manager, Public Investment Corp., estimates that the platinum miners would continue to make enormous payouts as stringent vehicle-emission regulations impel the demand and earnings of metals. The state-owned entity, which primarily manages South African government worker

President of Nigeria, Muhammadu Buhari has recently said in a statement that a new $1.3 billion basic chemicals plant will be ready for commissioning in the coming months with an aim of producing ammonia and fertilizers in Nigeria. Commenting in the presence of the Fertilizer Producers and Supplier

The company is planning to use these funds to extent its growing team as well as its reach to other markets Cross-border payments to Nigeria has long been a tedious process as it involves paying of transfer fee to remittance platforms and potential delays in money transfer, especially when done fro

South Africa-based tech start-up, HyperionDev has initiated an impact investment drive that aims at inviting the public to become stakeholders in its growing tech education business. With this move, the company is expecting to make as much as US$235,720 in coding scholarships available to South Afri

U.S. based investment firm, TPG's Rise Fund is nearing plans to pump $200 million in Airtel Africa's mobile money biz., Airtel Mobile Commerce (AMC) BV. Following successful execution of this transaction, Rise Fund would attain a 7.5% in AMC. As per an official statement, the transaction wi

A Milan court has reportedly acquitted Royal Dutch Shell, Eni, and its chief executive in one of the biggest corruption case of the oil industry, which revolved around the decade old $1.3 billion acquisition of an oilfield in Nigeria. According to reports, the ruling, which was read out by judge Ma

Missio Invest, a firm that provides technical and financial assistance to social enterprises in Africa, has announced securing US$20 million finance from the U.S. DFC (International Development Finance Corp.) for its Missio Invest Social Impact Fund. Sources close to this move state that