Africa-news

Africa-news (598)

Tullow Oil has agreed to merge with fellow explorer Capricorn Energy in a deal that would give the combined group a market value of almost £1.4 billion (€1.64 billion).

China's years-long lending spree in poorer countries, particularly in Africa, poses a "serious danger" that could plunge the world into the next financial crisis, German Chancellor Olaf Scholz has warned.

Active investing is an investment strategy which involves a professional fund manager deliberately choosing to invest in certain securities (such as shares) and avoid others in order to beat the return of the market.

The UK is considering guaranteeing at least $1 billion (R15.6 billion) of South African debt as part of a deal designed to cut the nation’s reliance on coal and drive a shift to green energy.

The World Economic Forum’s annual meeting in Davos this week covers a wide range of topics including the Ukraine war, climate change and new technologies. But one issue which is seemingly drawing more debate than others is hybrid working and shorter work weeks.

Travellers flying into South Africa have raised concerns about needing to present proof of Covid vaccination before entering the country, with almost every country using its own unique vaccine system and passport.

Deloitte LLP appointed its first female Black chief executive officer to lead its African unit.

Glencore has closed the "cash desks" in London and Switzerland that once dispensed money for bribes. Employees implicated in sweeping, cross-border corruption investigations are gone. New safeguards are in place, and boss Gary Nagle says it’s a "different company."

The Serum Institute of India (SII), the world’s biggest vaccine maker, is considering setting up its first manufacturing plant in Africa as it looks to expand globally after its success in selling Covid-19 shots, its CEO said.

A group of millionaires attending the exclusive Davos retreat in the Swiss Alps has called on world leaders to force them to pay more tax.

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