Business

Sardine shortage hits french markets

Kristi Lucas September 18, 2025

France In France, canned sardines are getting harder to find — and prices could soon rise. The shortage, experts say, comes down to overfishing and climate change, with warming waters reducing plankton and shrinking sardine populations. Much of the supply comes from Morocco, now struggling to

Business

South Africa grants long-term leases to oil majors at key Durban fuel hub

Andrew Mbeki September 17, 2025

South Africa South Africa has granted oil majors and traders, including BP (BP.L), opens new tab  and Vitol, extended access at its main petrochemical hub, ending years of wrangling over short-term leases that threatened investment and supply security, the national fuels body said. Transport Minister Barbara Creecy extended the lease agreements at the Island View Precinct

Business

South African inflation unexpectedly slows in August

Eric Jabulani September 17, 2025

South Africa on-year from 3.5% in July (ZACPIY=ECI), opens new tab, statistics agency data showed on Wednesday. Economists polled by Reuters had predicted annual inflation would edge up to 3.6%, still comfortably within the central bank’s 3%-6% target range. Well-contained inflation has allowed the South African Reserve Bank (SARB) to cut its main lending rate […]

Business

South African rand flat ahead of expected US rate cut

Eric Jabulani September 17, 2025

South Africa The South African rand was little changed in early trade on Wednesday ahead of an expected U.S Federal Reserve interest rate cut and domestic consumer price index and retail sales numbers. Markets are certain the Fed will cut rates when it makes its policy announcement on Wednesday, and bets are on a 25-basis-point cut. […]

Business

Nigeria’s money Coy 4STONE Capital, affirms suspended staff Osakwe, has fraud case to answer

admin September 13, 2025

Nigeria A financial company in Nigeria’s southwest Lagos, 4STONE Capital, has insisted that one of its staff who is currently on suspension, as a result of financial scam, Mrs. Chioma Osakwe has a pending case to answer with the Nigeria Police. The company had earlier published a public notice in one of the dailies informing […]

Business

Iran and IAEA sign agreement amid growing tensions

Saad Huzaifa September 12, 2025

IRAN Iran and the International Atomic Energy Agency signed an agreement Tuesday in Cairo to pave the way for resuming cooperation, including on ways of relaunching inspections of Iran’s nuclear facilities. The announcement followed a meeting among Egyptian Foreign Minister Badr Abdelatty, his Iranian counterpart Abbas Araghchi and International Atomic Energy Agency

Business

NPA Consolidates Automation Drive, Deploys Electronic Barrier System Across Terminals in Lagos Port Complex

Kingsley Chukwuka September 11, 2025

Nigeria NPA Consolidates Automation Drive, Deploys Electronic Barrier System Across Terminals in Lagos Port Complex.As part of ongoing efforts to enhance operational efficiency and improve traffic management within the Lagos Port Complex (LPC), the Nigerian Ports Authority (NPA), under the leadership of Managing Director Dr. Abubakar Dantsoho, has successfully implements

Business

Africa aims to lead in green investments

Andrew Mbeki September 8, 2025

Ethiopia African leaders are aiming to offer a global model for tackling the climate crisis through green investments, they said on Monday, after the United States’ withdrawal from the Paris climate agreement deflated the fight against climate change. The continent, which has been buffeted by landslides, floods and droughts this year, is holding its second […]

Business

United Nigeria Airlines Strengthens Fleet with Acquisition of Six Boeing 737-800s from Southwest Airline

Ewaka Sam September 8, 2025

Nigeria United Nigeria Airlines, one of Africa’s rapidly ascending carriers, has formalized a significant milestone by signing an aircraft sale and purchase agreement with Southwest Airlines for the delivery of six Boeing 737-800 airplanes.  This acquisition represents a key component of United Nigeria Airlines’ ongoing strategic expansion and fleet modernization

Business

UN slams Google $3.5 billion fine for unfair advertising practices

Harrison Mason September 6, 2025

United Nations European Union regulators on Friday hit Google with a 2.95 billion euro ($3.5 billion) fine for breaching the bloc’s competition rules by favoring its own digital advertising services, but the bloc’s latest move to crack down on Big Tech companies drew outrage from President Donald Trump. The European Commission, the 27-nation bloc’s executive […]