Business

Fri,22Jun2018

Business

ITV: Emmanuel Nnorom, Chief executive, Heirs Holdings

 

All rights reservedA buoyant oil price and its renewed focus on the power sector and hotel projects have helped Heirs Holdings navigate Nigeria's economic recession

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Ghana to award nine new oil blocks off west coast: energy ministry

 July 7, 2010, an unidentified oilfield worker ties pipes to be raised on an oil rig as the sun sets in the Persian Gulf desert oil field of Sakhir, Bahrain. Photo: Hasan Jamali/AP/SIPAGhana is set to award nine new upstream oil blocks for commercial exploration off its western coast beginning this year, the energy ministry said on Thursday.

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Burdened by cash shortages, Libyans struggle to welcome Ramadan

Men and children gathered for prayer on the first day of muslim festival Eid al-Adha at a mosque in Misrata, Libya, Friday, Oct. 26, 2012. Photo: Gaia Anderson/AP/SIPAAs the Muslim world prepares for the holy month of Ramadan, Libyan shoppers are crippled by a cash crisis that has hit their annual shopping sprees.

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Oil & gas: ExxonMobil makes its comeback

 

The logo for ExxonMobil appears above a trading post on the floor of the New York Stock Exchange, Monday, April 23, 2018. Photo: Richard Drew/AP/SIPAHaving successfully managed the drop in the oil price, ExxonMobil now has the means to reinvest and regain market share in Africa. Alone or in collaboration with other major players, the Texas-based giant is capitalising on recent discoveries and launching new projects

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Nigeria's parliament passes record 9.12 trln naira 2018 budget

Nigeria's President Muhammadu Buhari, left, laughs with Gabon's President Ali Bongo Ondimba, right, at the AU summit in Addis Ababa, Ethiopia, Jan. 28, 2018.Photo: Mulugeta Ayene/AP/SIPANigeria's parliament passed a record 9.12 trillion naira ($29.8 billion) budget for 2018 on Wednesday aimed at boosting growth in west Africa's biggest economy nine months before the country's next presidential election.

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Uganda power distributor Umeme to spend $1.2 bln to expand grid

 The new Kiira Dam, left, runs in parallel with Nalubaale Dam in Jinja, Uganda, Nov. 2, 2006. The two dams help generate electricity for Uganda, using water flowing from Lake Victoria, but they have been blamed by some people for the receding water levels in the lake. (AP Photo/Kirsty Wigglesworth)/WARMER_WORLD_AFRICAN_LAKES_NY457/HFR 12-10-06. ADVANCE FOR SUNDAY, DEC. 10/0612042155 Auteurs  : KIRSTY WIGGLESWORTH/AP/SIPAUgandan power distributor Umeme Ltd plans to spend $1.2 billion in the next seven years to revamp and expand the grid and has hired an adviser to explore options for raising the money, the company's chief executive said on Wednesday.

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ICBC targets Chinese visitors to Kenya with new credit card

AP photosThe Industrial and Commercial Bank of China (ICBC) has launched a credit card in partnership with Kenya's Stanbic Bank to tap a growing pool of Chinese tourists visiting the East African nation.

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