Almost a dozen Ugandan government officials have been detained owing to their alleged affiliation with a major financial crime. 9 Ugandan officials detained due to alleged involvement in major financial crime. Connection to hacking of central bank’s electronic systems and theft of 62 billion shillings ($16.87 million). Highest-ranking officer in the ministry’s Treasury division among…
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The Dangote Refinery, has strengthened its position in the petroleum industry with the export of two cargoes of aviation fuel to Saudi Arabia. Dangote Refinery exported two cargoes of aviation fuel to Saudi Aramco Dangote’s aviation fuel now accounts for at least two-thirds of Nigeria’s supply and nearly half of West Africa’s consumption The refinery’s…
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More details have emerged following Elon Musk’s discussions with South African President Cyril Ramaphosa amid rising tensions over the country’s land reform policies. Elon Musk spoke with South African President Cyril Ramaphosa about land ownership policies The phone call aimed to ease tensions between South Africa and the United States over the land expropriation law…
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With a growing population in numerous African countries and rising life expectancy, having a strong pension system in place is critical not just for retiree well-being, but also for governments’ long-term economic stability. Business Insider Africa presents the top 10 African countries with the best pension fund development. This list is courtesy of the Absa…
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South Africa’s largest airline, FlySafair, has been given a year to reduce its foreign shareholding, or it risks having its license suspended. FlySafair has been given a year to reduce its foreign shareholding to comply with regulations. The airline risks license suspension if it fails to meet the 12 months deadline. At least 75% of…
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Rwanda may be facing a significant economic setback as the European Union (E.U) has received a request to nullify its mineral partnership deal with the East African country. The European Union has received a request to nullify its mineral partnership deal with Rwanda Rwanda is accused of increasing its military presence in Congolese territory and…
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