Shell Suspends Plans to sell its onshore oil assets in Nigeria
Shell has suspended plans to sell its onshore oil assets in Nigeria until the outcome of an appeal to a Supreme Court ruling over a 2019 oil spill, it said on [...]
Mauritius Drops Almost All COVID-19 Restrictions
Mauritius has reopened nightclubs and bars, lifted restrictions on gatherings, and scrapped a public mask mandate as it eased COVID-19 measures. Restrictions on public gatherings and crowds at weddings, funerals [...]
Egypt Gears for $500 Million from World Bank to Boost Food Security
Egypt is set to receive $500 million from the World Bank to boost its food security that has been jeopardised by the war between its main suppliers, Russia and Ukraine [...]Jambojet Fetches KSh11 Million from Cargo Operations in Goma
Jambojet has raked in sales worth KSh11 million since it launched cargo operations in Goma in January this year, after receiving regulatory approvals from the aviation regulator to fly goods [...]African e-Health Startups Receive $7 Million Backing from New Program
Southbridge AI, Salient Advisory, and SCIDaR have partnered to launch i3, a $7 million programme that seeks to provide 30 African e-health startups with funding and support each year. Sponsored [...]Sudan Launches New Direct Maritime Shipping Route to China
Sudan and China are celebrating the launch of Sudan-China Express, the first direct maritime shipping route between the two countries. Noting that Sudan locates in northeastern Africa and on the [...]Zimbabwe's Crisis Worsens as June's Inflation Skyrockets to 191%
The latest figures from the Zimbabwe National Statistics Agency show that the country’s annual inflation rate reached 191% in June from 132% in May, a 30.7% month-on-month increase. This is the [...]South Africa Power Cut Deepens to Worst Level Since 2019
South Africa is being hit by the worst power outages in more than two years. The state electricity company contends with multiple plant breakdowns after illegal protests followed by a [...]G7 Unveils $600 Billion Plan for Infrastructure Projects in Developing Countries
G7 leaders have detailed plans to mobilise $600 billion in funding to fund the launch of infrastructure projects in middle and low-income countries. The plan has been pitched as a [...]Kenya's Kyanda Fintech Startup Launches Operations in South Africa
Kenyan fintech startup Kyanda, a money transfer app that aims to help users make all sorts of transactions at as low a cost as possible, has launched operations in South [...]Libya Set to Suspend Oil Exports from Key Terminals
Libya’s state oil company said it may suspend exports from the Gulf of Sirte, which contains many of the OPEC member’s main ports, in the next three days amid a [...]Nigeria's HealthTracka Raises $1.5 Million for Expansion to Kenya Ghana
Nigerian at-home lab testing startup HealthTracka has raised $1.5 million in funding to expand into Kenya and Ghana in the coming months. Investors who took part in the funding round [...]
