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OCP and Fortescue to Partner to Develop Green Energy, Hydrogen and Ammonia in Morocco

Today, OCP Group, a global leader in plant nutrition and phosphate-based fertilizers, and Fortescue Energy, part of global green energy, metals and technology company Fortescue Ltd (Fortescue), announced a landmark Joint Venture (JV) in Morocco. This equal partnership aims to supply green hydrogen, ammonia, and fertilizers to Morocco, Europe, and international markets. It includes the […]

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Kenya: KQ to Change Airbus Lease From Wet to Damp, With Training of Crew

Kenya Airways (KQ) has commenced training sessions for its cabin crew, aiming to replace the current staff provided under the Airbus wet lease agreement. With a target of training 60 cabin crew members, KQ has already commenced training for 30 personnel, with specialised trainers deployed for the task. To facilitate this transition, KQ intends to […]

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Largest US Bank Jpmorgan Chase to Deepen Partnerships With the African Development Bank Group

African Development Bank Senior Vice-President Bajabulile Swazi Tshabalala, has held talks with a high-level delegation from JPMorgan Chase, the largest US bank, on potential partnership between the two institutions. The delegation from JPMorgan Chase, led by Masha Gloukhovski, Global Head of the Public Sector, included Olivier Eweck, Head of the Public Sector for Sub-Saharan Africa, […]

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Zimbabwe: Geo Pomona, Ghanaian Firm Exchange Notes

Blessings Chidakwa — A delegation from Geo Pomona Waste Management company has flown to Ghana to exchange notes with another waste management firm, Jospong Group, with a focus on sharing best practices, innovative technologies and sustainable waste management solutions. The Asian African Consortium, a subsidiary of the Jospong group of companies, was in Zimbabwe a […]

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Liberia: House Hammers BMMC Over MDA Violations

The House of Representatives has endorsed a 10-count recommendation of the Specialized Committee regarding massive violations of the Mineral Development Agreement (MDA) by Bea Mountain Mining Company (BMMC). The House, during its Tuesday, April 3, session voted to endorse the recommendations of the Specialized Committee on BMMC itemizing massive violations of the agreement. The investigation […]

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Liberia: BEA Mountain Donates Agriculture Materials to Kinjor Citizens

Kinjor — As a means of empowerment, Bea Mountain Mining Company (BMMC) over the weekend presented several agricultural materials to citizens of Kinjor, Grand Cape Mount County. The items are aimed at enhancing the level of food production in the communities. Some of the items are, wheel borrow, cutlasses, shovels, diggers, rain boots and federalizers. […]

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Liberia: Unfair and Additional Burden!

Two business groups in Liberia have described a third-party engagement charge of 1.2% on imported commodities with Metech Scientific as unfair and an additional burden. The Fula Business Association and the National Customs Brokers Association of Liberia (NCBAL) held a joint press conference in Monrovia on Tuesday, 26 March 2024, to lament the charge. Fula […]

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Nigeria: Escape – NSA Launches Manhunt for Binance Official, Nadeem Anjarwalla

The Office of the National Security Adviser has called on the Nigerian public and the international community to provide information that can assist law enforcement agencies to apprehend the Executive Manager of Binance for the African region, Mr Nadeem Anjarwalla (a suspect) who escaped detention. Mr. Zakari Mijinyawa, the Head – Strategic Communication, Office of […]

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Nigeria: Exclusive – Why British Investor’s Bid to Buy Pz Cussons Nigeria Fell Apart

PZ Cussons (Holdings) UK set out on 4 September 2023 to purchase other stockholders’ shares numbering 1.06 billion at N21 per unit. The deal seeking to sell PZ Cussons Nigeria to core investors from Britain hit a brick wall midway after the Nigerian capital market watchdog sought clarification on some irregularities in the PZ board’s […]

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Nigeria: Exclusive – Why British Investor’s Bid to Buy Pz Cussons Nigeria Fell Apart

PZ Cussons (Holdings) UK set out on 4 September 2023 to purchase other stockholders’ shares numbering 1.06 billion at N21 per unit. The deal seeking to sell PZ Cussons Nigeria to core investors from Britain hit a brick wall midway after the Nigerian capital market watchdog sought clarification on some irregularities in the PZ board’s […]

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Nigeria: Exclusive – Why British Investor’s Bid to Buy Pz Cussons Nigeria Fell Apart

PZ Cussons (Holdings) UK set out on 4 September 2023 to purchase other stockholders’ shares numbering 1.06 billion at N21 per unit. The deal seeking to sell PZ Cussons Nigeria to core investors from Britain hit a brick wall midway after the Nigerian capital market watchdog sought clarification on some irregularities in the PZ board’s […]

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Rwanda: Kibos Sugar to Relocate Ksh200m Plant to Rwanda After Kenyan Setback

Kibos Sugar is set to relocate its industrial sugar refinery plant to Rwanda following the Kenyan government’s failure to grant it special economic status, allowing duty-free export of its products as it targets the regional market. Despite completing the construction of the Ksh200 million facility over five years ago, Kibos has been unable to commission […]

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Kenya: KQ Partners With Virgin Atlantic Expanding Access to Caribbean Destinations

Kenya Airways patrons are poised to access various Caribbean destinations served by Virgin Atlantic following the formalisation of a codeshare pact with the UK-based carrier, principally owned by British entrepreneur Richard Branson. Passengers embarking on KQ flights will seamlessly connect via London to Caribbean nations such as Barbados, The Bahamas, Grenada, and St Vincent and […]

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Namibia: Firstrand Namibia Group Presents Shareholder Dividends to Gipf

The Government Institutions Pension Fund (GIPF) has earned a tidy sum in shareholder dividends when they received a payment to the value of more than N$3.2 million from the FirstRand Namibia Group. Described as securing a sustainable future, FirstRand handed over a symbolic dividend cheque for the financial year ended June 2023 to the GIPF […]

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Nigeria: Dangote Begins Distribution of N13 Billion Rice to Vulnerable Nigerians

The Aliko Dangote Foundation is also distributing meals to at least 10,000 Muslims observing the Ramadan fast in Kano State. Africa’s richest man, Aliko Dangote, through his Humanitarian Foundation, has launched the distribution of rice worth over N13 billion to vulnerable groups across Nigeria. The foundation is also distributing meals to at least 10,000 Muslims […]

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Namibia: Chinese Firm Buys Tsumeb Smelter for N$930m

Dundee Precious Metals (DPM) Incorporated has agreed to sell its Tsumeb smelter to Chinese-owned Sinomine Resource Group Corporation Limited for N$930 million (approximately US$49 million). This sale will include all associated assets and liabilities of the company. It will be done through the disposition of all of the issued and outstanding shares held by the […]

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Kenya: Tullow Singles Out Kenya Oil Project As One of Its Key Growth Area

Nairobi — Tullow Oil plc, the independent energy Company building a better future through responsible oil and gas development in Africa, has announced its Full-Year Results for the year ended 31 December 2023. In the results, Tullow reiterated the delivery of its plan, which is achieving targeted results and a much-improved business. During the year, […]

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South Africa: Court to Rule on Murder of LGBTQI+ Activist Sam Mbatha – South African News Briefs – March 7, 2024

  Court to Rule on Murder of LGBTQI+ Activist Sam Mbatha Judgment in the trial of the brutal murder of LGBTQI+ activist Sam Mbatha is anticipated to be delivered in the North West High Court, reports IOL. Three individuals, including a teenager, stand accused in the case: Arthur Khoza (19), Mahlatsi Nkuna (21), and Thato […]