Angolan government privatizes 15% of UNITEL’s share capital
The Angolan government plans to privatize 15% of UNITEL, the country’s largest telecommunications operator, with 2% of these shares reserved specifically for the company’s employees […]
Business
Chinese firm to build oil refinery in South Sudan
On Friday, August 24, a Chinese company signed an agreement with South Sudan’s state-owned Nile Petroleum Corporation (Nilepet) to build modern oil refinery and storage […]
Uganda Expands Oil Exploration, Eyeing Increased Reserves
Uganda is pushing forward with its ambitions in the oil sector, announcing exploration efforts in two new regions that could potentially boost the country’s already […]
Somali merchants protest against tax on electronic payments
In Somalia, dozens of shopkeepers demonstrated on Monday August 19 for the second day running in the capital Mogadishu’s main market against the application of […]
African Nations Emerge as Global Service Export Leaders
In a notable economic shift, three African countries have secured positions among the world’s top 40 commercial service exporters in 2023, despite a global trade […]
Zambia-DRC border reopens after several days of closures
The Zambian border at Kasumbalesa, closed since Saturday August 10, 2024, reopened on Tuesday morning. This border crossing is the second most important in the […]
Kenya aviation union plans strike over Indian Adani deal
The workers at one of the busiest airports in Africa, the international airport in Nairobi, Kenya’s capital, announced a strike on Monday, August 19, to […]
Angolan oil revenues fell 20% in June 2024
Angola produced 34.8 million barrels of oil in June 2024, collecting €751 million (714.38 billion kwanzas), a reduction of 20% compared to the previous month, […]
Namibia: uranium shipment from Langer Heinrich mine resumes
Paladin Energy announced on July 22 its first uranium shipment since the Langer Heinrich mine in Namibia resumed activity in March after a six-year halt […]
Zambian President Dismisses Anti-Corruption Board Amid Graft Allegations
In a surprising turn of events, Zambian President Hakinde Hichilema has dismissed the entire board of the country’s Anti-Corruption Commission (ACC) following accusations of corruption […]