Afentra has reconfigured its deals in Angola, reducing the amount of equity it will take from Sonangol and bringing in a new agreement with Azule Energy, the Eni-BP joint venture. The agreements continue Afentra’s focus on Block 3/05 and 3/05A. The original deal with Sonangol from April 2022 would have seen Afentra take a 20% … Read More “Afentra tweaks Sonangol deal, signs Azule purchase” »
Kidus Asfaw, CEO and co-founder of Kubik Kubik, a startup with offices in Kenya and Ethiopia, transforms recycled plastic waste into interlocking building materials, including bricks, beams, and columns. Recently, the company has commenced operations in Ethiopia, where it is targeting the affordable housing market. The country currently faces a housing deficit of around 1.2 … Read More “Converting plastic waste into affordable homes” »
Wealthy Americans who don’t pay their fair share of taxes are being warned that officials are intensifying their crackdown. The Internal Revenue Service says it has been successful in its pursuit of those who had not paid what they owe and warns that “this is just the start,” thanks in part to resources made available … Read More “Millionaire tax evaders be warned, the IRS says it’s coming for you” »
The Nigeria Sovereign Investment Authority (“NSIA” or “The Authority”) has announced Money Africa, the winner of the maiden edition of its innovation prize at the NSIA Prize for Innovation (NPI) Demo Day event held in Lagos on Saturday, June 24, 2024. Led by Oluwatosin Olaseinde, its Founder & CEO, Money Africa provides gamified education and B2B2C services … Read More “Money Africa clinches first position at the maiden edition of the NSIA prize for innovation” »
The United States Treasury Secretary, Janet Yellen, recently stated that the best way to aid the global economy is by sending billions to Ukraine. Speaking at the G20 summit of finance ministers in India, Yellen stated that redoubling support for Ukraine is the single best way to boost the global economy. JUST IN: ???????? US … Read More “Sending Billions to Ukraine “Single Best” for Global Economy” »
Equatorial Guinea has convicted two offshore workers of drug smuggling, prompting formal objections from South Africa. The two men, Peter Shane Huxham and Frederic Johannes Potgieter, were arrested on February 9 as they were preparing to leave their hotel, the Anda China, in Malabo. They were due to take a flight back to South Africa … Read More “Equatorial Guinea convicts South African oil workers” »
Sehinde Afolayan (left) with his co-founders Tobi Obasa (middle) and Akindele Phillips (right) Established in 2020, Haul247 is a Nigerian logistics startup which has introduced an Airbnb-like model to pair those requiring truck transport and warehouse storage facilities with available providers. The company’s revenue is derived from a commission on each transaction. Jeanette Clark speaks … Read More “The story behind Nigeria’s Airbnb for warehouses and trucks” »
Wells Fargo & Co. earned more net interest income than analysts expected in the second quarter and lifted its guidance for the full year as big U.S. banks continue to benefit from the Federal Reserve’s rate hikes. The San Francisco-based firm reported $13.2 billion in net interest income — revenue collected from loan payments minus … Read More “Wells Fargo shares jump after Q2 results exceed estimates” »
Safaricom Foundation Announces KES 170 Million Investment in Community Programs Countrywide Safaricom Foundation Announces KES 170 Million Investment in Community Programs Countrywide 1.6 million Kenyans expected to benefit from the Foundation’s sustainable philanthropy programs in health, education, and economic empowerment. Safaricom Foundation has set aside KES 170 million to fund community investment set to benefit … Read More “Safaricom Foundation Announces KES 170 Million Investment in Community Programs Countrywid” »
The Angolan government has big plans to position Angola among the main African agricultural producers, and the state is allocating more than US $3 billion to make this a reality. The Southern African nation has been working to diversify the economy away from oil revenues and is redirecting some serious money into the country’s next … Read More “Angola” »
