Libya exercises right of first refusal over Marathon Oil's shareholdings in Waha Oil
In nixing the deal to allow the exit of Marathon Oil, a below market offer would be made shortly by the Libya owned NOC for the shareholdings.
Africa
Moderna Pauses Kenya Plant Plan After Losing $1 Billion as COVID-19 Vaccine Demand Slumps
Moderna announced on Thursday that it has decided to halt its plans to construct a vaccine manufacturing facility in Kenya due to a decrease in demand for COVID-19 vaccines after the pandemic.
Former CEO Shoots Himself to Commit Suicide After Receiving $25 Million Record-Breaking Fine for Fraud at Steinhoff
After being notified of an arrest warrant against him, a former CEO of Steinhoff was found dead in what authorities suspect to be a suicide...
South Africa's Return To Office Gets Middle Finger From Employees Office-Based Work Policies Increase in 2024
South Africa's return-to-office efforts get a middle finger from employees. Office-based policies are now increasing...
State, Provinces & Regions To Materialize Pledges For Global Warming Advocacy
The worldwide pledge to conquer climate change is being materialized...
Latest News
Tanzania asset sale boosts value of Ophir Energy
News about Ophir's asset sale in Tanzania caused the oil and gas explorer's shares to rise.
Abu Dhabi-Dubai bourse merger will form a market powerhouse - official
According to UAE Financial Markets Association President Mohammed Al Hashemi, the potential merger of the Dubai Financial Markets and Abu Dhabi Securities Exchange would create opportunities to boost
Zimbabwe needs a USD5.3 billion investment and stable policy to boost platinum output - report
A Chamber of Mines report said with enough investment and stable mining policies, South Africa could compete with Russia for the recognition as the second largest platinum producer.
Ghana to receive first Deere-DuPont-Buffett Foundation grant
The partnership of Deere Co., DuPont Co., and the Howard G. Buffett Foundation would undergo its first project in Ghana's cocoa production region.
Naivas ends talks with Wal-Mart
Kenyan retailer Naivas said that it had ended its talks with Massmart, a Wal-Mart Stores Inc. subsidiary in East Africa.
Chalco to divest shares in Guinea venture with Rio Tinto
The Aluminum Corporation of China Ltd or Chalco had announced the sale of its shareholdings in the Guinea venture with Rio Tinto.
South Africa economy in danger with BMW investment embargo - analysts
Analysts predicted that the Bayerische Motoren Werke (BMW) AG's move to withdraw its expansion plans in South Africa could affect the country's economy.
Angola imposes consumption tax on oil firms
Angola would be imposing a 10% tax on oil firms operating in the country.
Sanlam unit in discussions with Nico Holdings over buyout offer - report
An African news outlet said in its report that Sanlam Emerging Markets (SEM) had started its negotiations with Nico Holdings over buying a 49% in its short-term insurance business unit Nico Life Insur
