Court refuses to interdict seismic survey on the basis that “irreparable harm” to marine species not proved. Judgment: Acting Justice Govindjee found that the applicants had successfully established that there had been no undue delay in bringing the case and the urgency of the matter justified the departure from the usual rules so that the […]
Tag: Company News
AT long last, Zambia has changed the narrative about having no national airline for more than two decades. This follows the launch of Zambia Airways since it was liquidated in 1994. A basic research shows that in Africa, more than 45 countries of the 54 own airlines, or have a majority shareholding or minority shares […]
Attempts to limit gas in Mozambique are “not sensible”, IMF representative in Mozambique, Alexis Meyer-Cirkel, said in an open briefing 23 November. “I think that this discussion, preventing Mozambique from developing this wealth, disproportionately penalises a country that has not contributed to the creation of the problem and that is a poorer country,” he stressed. […]
The Muzarabani oil and gas project represents huge potential to become a key asset for Zimbabwe, project developer Invictus Energy managing director Scott MacMillan has said. Citing changing market conditions and improvements to local regulations, Invictus is confident that it can make the prospect viable in an energy deficient region. Gas, a growing energy source, […]
The trial of former Zesa Holdings chief executive officer Joshua Chifamba and two other senior officials on allegations of appointing a city law firm as debt collectors without the power utility company’s board approval has today opened at the Harare Magistrates Court. Chifamba is jointly appearing with Zesa Holdings company secretary Saidi Sangula and corporate […]
Payoffs Through “Piggy Bank” for Ex-President’s Inner Circle Cleared Path for Multibillion-Dollar Mining Project Meant to Fund National Infrastructure Dirty Money Flowed Through International Banks A massive deal between Chinese state-owned engineering firms and the Democratic Republic of Congo (DRC) to trade mineral wealth to fund urgently needed infrastructure projects concealed a multimillion-dollar embezzlement and […]
The Group Managing Director/Chief Executive Officer of Access Bank Plc, Mr. Herbert Wigwe, in this interview by Julia Chatterley, Anchor of First Move on Cable News Network, CNN, spoke about the bank’s aggressive African expansion and its drive to serve 50 per cent of Nigeria’s bankable population. Excerpts: Core to being that payment gateway to […]
One of many grim statistics: of R200 million in royalties collected by SAMPRA in 2020, R41 million went on “administrative costs” South African music is in the doldrums. Ten years ago, local music made up half of the country’s music scene. Today, it is less than a quarter. In this second part of our series […]
Lafia — The Nigeria National Petroleum Company Limited (NNPC), the Gas Aggregation Company of Nigeria (GACN) and Nasarawa State government yesterday signed a Memorandum of Understanding (MoU) for the supply of gas to industries and investors in Nasarawa State. The MoU for the gas supply to Nasarawa State was signed in Lafia, at the Nasarawa […]
Alexander community, Lagos’ plight illustrates how big power companies cheat customers. This is a familiar story. But it must be told anyway even if it would amount to emphasising the obvious in order to drive home a notorious point. It is the story of how a big power distribution company has been fleecing a small […]
An oil and gas exploration survey off the Eastern Cape coast is scheduled to start in December. But fishers, residents, environmentalists and activists around the country want none of it. Residents and grassroots environmentalists will ramp up pressure against the government and fossil fuel giant Shell next week to call off the hunt for oil […]
In moving to a low-carbon economy, South African workers may lose out as unions weaken and renewable energy components continue to be imported at the expense of local jobs. After years of promises but still no guarantee of jobs in renewable energy, unions hoping that their members will retain their employment if they cling to […]
Kayode Tokede On the heels of reporting N464.35billion trade and receivable in nine months ended September 30, 2021, the likes of MTN Nigeria Plc, Nigerian Breweries Plc, among other companies might exceed 2020 receivables in this year’s financial results. Trade and receivables are the amount owed to a business by its customers following the sale […]
In Garissa Town, the capital of Garissa County in Kenya, home to the Dadaab refugee camp, representatives from local government authorities, business support organizations, business community networks, and the humanitarian sector, are supporting entrepreneurs by developing an enabling business environment in and outside of the camp. Recently, all actors came together for a two-day business […]
While Kenya has several laws and regulations in the extractive industry, a lot of grey areas in these laws and impunity have denied the country and communities where mining is done meaningful benefits. Cases from around the country show that accountability and transparency in the benefit-sharing arrangements and respect to the right of the communities […]
The bail application of former minister of justice Sackey Shanghala’s employee, Nigel van Wyk, that was to start yesterday in the Windhoek High Court before Oshakati-based judge Johanna Salionga, was remanded to today on request of the defence. Advocate James Diedericks who is appearing on behalf of Van Wyk, pro bono, on instructions from Jermaine […]
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Ghana: Glovo Extends Operations to Kumasi
Glovo, a worldwide multi-category delivery player, has spread its operations to Kumasi, the capital city of Ashanti Region in Ghana, in line with the company’s vision to give everyone easy access to anything in their cities. Kumasi is the third city in Ghana to enjoy Glovo’s multi-category delivery services since it started operations in March […]
Exploratory mining prospector, Headspring Investments defended its drilling work at the Stampriet Artesian Basin after the Ministry of Agriculture, Water and Land Reform cancelled two prospecting permits previously issued to them. The company was busy drilling 37 boreholes for uranium prospecting. The project was objected to by farmers in the Stampriet area who depend on […]