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Total Senegal closed the day on Monday, June 14 with a value up 7.43% on the Regional Stock Exchange (BRVM) in Abidjan. This is the second largest increase for a stock listed on the sub-regional financial market at the beginning of the week, after the 7.5% increase posted by Crown Siem CI. T
The performance of the Senegalese subsidiary of Total follows the announcement of a dividend per share of...
The Dubai-based airline, Emirates, posted an annual loss of $5.5 billion for the 2020-2021 financial year. This is, according to the airline’s chairman and chief executive, Sheikh Ahmed bin Saeed Al Maktoum, “its first-ever loss in over three decades.”
The annual revenue of the carrier fell 66% to $8.4 billion, due to “significant flight and travel restrictions...
US company PHP Ventures (people Help people) announced it is seeking to mobilize $50 million through an Initial Public Offering on the New York tech stock market NASDAQ. The resources will go for investments in Africa where the company wants to focus on consumer-facing companies.
“We intend to focus on consumer-facing companies with a significant African presence or a compelling African...
The G7 development finance institutions approved an investment of more than $80 billion into African businesses over the next five years. The initiative is aimed at supporting the economies hard hit by the Covid-19 pandemic in their recovery process.
For these development banks and their partners such as the European Investment Bank and the International Finance Corporation (IFC), the...
The United Nations accuses the Eritrean forces involved in the Tigray conflict of preventing people in the region from accessing humanitarian aid. Sir Mark Andrew Lowcock, UN Under-Secretary-General for Humanitarian Affairs and Emergency Relief Coordinator, said Asmara is using food "as a weapon of war” against Tigray. He said Eritrean soldiers block convoys carrying food destined for areas...
As part of the promotion of renewable energy and following phase 1’s success, JIRAMA and Green Yellow Madagascar have agreed to further expand the Ambatolampy power plant in order to increase its capacity from 20 to 40MWp as well as providing for a 5MWh of battery.
The JIRAMA states that this expansion allows a significant reduction of its production costs within the framework of its recovery...
South African pay-TV operator MultiChoice announced a plan to increase its stake in BetKing, a Nigeria-based sports betting and entertainment company that has expanded its operations to Kenya and Ethiopia. The company is investing $282 million to bring its share from 20% to 49%.
The deal, subject to regulatory approvals, was announced during the release of MultiChoice's financial...
The Egyptian Space Agency will send two new satellites into space in 2022. These are NExSat-1, intended for remote sensing and scientific research, and EgyptSat 2 which will be used for Earth observation. The information was announced last June 11 by Khaled Abdel Ghaffar, the Egyptian Minister of Higher Education and Scientific Research, at the Euro-African Space Forum held for two days in...
The International Finance Corporation (IFC) has today announced a partnership with Belco Realty LLP to support the development of a mixed-use affordable living complex consisting of 1,379 residential units and over 4,500 square meters of retail and commercial space in Kongowea, Mombasa county. In the quest to meet the rising demand for housing, IFC will help identify international strategic...
The Covid-19 vaccination campaign in South Africa took another blow. An investigation suspects that about 2 million doses of the Johnson & Johnson vaccine the country recently acquired were contaminated during the production process in Baltimore, Maryland.
President Cyril Ramaphosa said the contaminated doses cannot therefore be used for the campaign. On Friday, June 11, U.S. authorities warned...