Africa-news

Africa-news (598)

Oil explorers have flown high and crashed back to earth over the past decade, and Rahul Dhir knows both parts of the journey better than anyone.

The South African Local Government Association (Salga) has submitted an application to the North Gauteng High Court for a declaratory order that would give municipalities exclusive rights to administer, distribute and sell electricity.

Beer maker South African Breweries (SAB) has started consultations on mandatory Covid-19 vaccinations for its employees, which will put it on a growing list of companies that are taking a tough stance on the jab.

The United Kingdom (UK) is considering scrapping its pre-departure Covid-19 test requirement for vaccinated travelers entering the country, according to people familiar with the matter, after airlines hard-hit by the Omicron variant lobbied for the rules to be eased.

South Africa is likely to see at least three interest rate hikes in 2022 as the South African Reserve Bank (SARB) has indicated that it will begin unwinding its accommodative monetary policy stance, say economists at Momentum Investments.

Shopping on social networks such as Facebook, TikTok and WeChat is going to grow three times faster than sales from traditional channels over the next three years, according to a study released by Accenture. 

 Dubai port operator, DP World has signed an agreement with the government of Senegal to develop a deep water seaport at the town of Ndayane, about 50km southeast of the capital, Dakar.

Sanlam's attempt to increase its stake in a Moroccan general insurer has not materialised due to all conditions not having been met, it said in an announcement on Monday.

Apple on Monday became the first company in the world to hit US$3 trillion (R48 trillion) in market capitalisation, thanks to investor confidence that the iPhone maker will keep launching best-selling products as it explores new markets such as automated cars and metaverse.

Africa’s technology startups raised a record $5 billion this year as US investors piled into companies that are helping the continent’s tech-savvy and young population conduct financial transactions.

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