Ghana's upstream petroleum sector is going through a tricky patch. American giant ExxonMobil's unexpected exit from the sector has only ramped ... up anxiety. And it is not just Exxon: TotalEnergies is also actively moving away from crude in Nigeria. Ghana will need to aggressively tackle many challenges while quickly repositioning itself in the face of a global energy transition.
The rush of new entrants into Nigeria’s aviation industry will need to cooperate as airlines grapple with the prospect of further naira weakness, ... Seyi Adewale, CEO of Nigerian freight forwarding company Mainstream Cargo, tells The Africa Report.
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Africa needs debt, and it needs to find ways to put it to the best use. That’s the central claim made by Gregory Smith in his book 'Where Credit ... is Due: How Africa’s Debt Can Be a Benefit, Not a Burden', published this week by Hurst & Co in the UK.
Nigeria’s oil dispute has ‘wasted two decades’; with the green transition, is that wealth lost forever?
For decades, oil investment into Nigeria has been stymied by regulatory uncertainty, with successive governments failing to pass the 'Petroleum ... Industry Bill' or PIB. Now, as oil majors worldwide see the green transition coming, they are transitioning out of high-cost environments like Nigeria. The risk is Nigeria has missed out on the swan song of the oil industry.
On 1 June, Statistics South Africa (Stats SA) released the Quarterly Labour Force Survey (QLFS) results for the first quarter of 2021, which ... was followed by the GDP report on Tuesday 8 June. The latest figures show unemployment has reached highs last recorded during the 2008 global financial crisis.
The response by Prosus to news that 35 institutional investors of South African media conglomerate Naspers are protesting the company’s share ... swap with its Amsterdam-listed unit has failed to win over dissident shareholder Excelsia Capital.