Zest WEG becomes prominent in both upstream and midstream Africa

Africa is hungry for electricity, and electrical specialist Zest WEG is seeing growing demand from the oil and gas sector, both in upstream and midstream facilities as nations on the continent look to these commodities to power their economies  Zest WEG has developed a strategic focus on the oil and gas sectors in various southern,

From Afrobeats to Amapiano: How music is uplifting African fashion

Smaller African brands, particularly those who are yet to break out of their immediate market, are gaining exposure through dressing Afrobeats artists. When popular Nigerian musicians like Wizkid or Tems wear clothing from a small Nigerian brand on an international stage, it allows these brands to also enter into the spotlight, says Iretidayo Zaccheaus, founder

Ghana risks investor revolt; South Africa’s Foreign Minister kicks against ‘back tax’

Ghana risks investor revolt as it seeks to raise more money from ‘back tax’ penalties. This is coming after South African Foreign Minister, Naledi Pandor, according to Bloomberg, warned that South African companies operating in countries where they had faced challenges disinvested, damaging their economies. The Ghana Revenue Authority had imposed ‘back tax’ penalties on

FG Drops Plan to Reduce Numbers of Diplomatic Missions – THISDAYLIVE

Olawale Ajimotokan in Abuja The federal government has backed down from a move to review the number of foreign missions. Minister of Foreign Affairs, Geoffrey Onyeama, disclosed this at the 22nd edition of the PMB Administration Scorecard Series (2015-2023) in Abuja. The federal government had in October last year, inaugurated a 13-man presidential committee, headed

Egypt and Nigeria have decided on some trade agreements

The procedure got underway in 2019 when the FCCPC and the ECA started talking about improving competition laws and policies between their respective organizations. The FCCPC and ECA signed the Memorandum of Understanding on January 31, 2023, at the headquarters of the Egyptian Competition Authority in Cairo, Egypt, considering that both nations are a part

S&P affirms Nigeria’s ratings, turns negative on outlook

ABUJA, Feb 3 (Reuters) – Ratings agency S&P on Friday affirmed Nigeria’s credit rating at “B-/B” but turned negative on its outlook, citing increasing risks to the country’s debt servicing capacity over the next one-to-two years. Nigeria, a major oil exporter, has faced production shortages in recent years due to crude theft, though output has

Uganda scored 90% in legal enforceability, says Absa Index

Transparency in the financial services industry has improved thanks to proper legal enforcements from the regulator – Bank of Uganda. The Absa Group’s Africa Financial Markets Index 2022 shows that Uganda scored 90 percent in legal standards and enforceability, the highest score in pillar six. This score reflects that there is a high level of transparency in