The World Bank has projected that Nigeria’s economy will grow by 3.6 per cent in 2025, building on an estimated expansion of 3.4 per cent in 2024, as key macroeconomic reforms begin to stabilize the business environment. The bank also said Nigeria is now home to 15 per cent of the world’s extremely poor people, […]
Morocco’s King Mohammed VI gave the go-ahead on Thursday for a rail expansion plan worth 96 billion dirhams ($10.3 billion), including the construction of a high-speed line to Marrakesh, the country’s main tourist hub, by 2030, state media reported. Morocco’s preparations to co-host the World Cup in 2030, together with Spain and Portugal, has spurred […]
Relx PLC on Thursday launched a GBP300 million share buyback programme as it said 2025 has started well across all business areas. The London-based provider of business, scientific and legal information said it will repurchase shares worth GBP300 million in the buyback programme, which starts immediately and will end on June 13. The new buyback […]
Britain will host an energy security summit on Thursday, kicking off the meeting by pledging to invest 300 million pounds ($399 million) in the domestic supply chain for offshore wind projects. Security of energy supplies shot up the agenda of countries around the world after Russia’s invasion of Ukraine in 2022 led to global price […]
The African Trade & Investment Development Insurance (ATIDI) supported the Republic of Benin’s latest financing transaction, providing a second-loss guarantee for Deutsche Bank’s EUR 507.5 million loan to the country. This milestone transaction reinforces ATIDI’s commitment to unlocking access to innovative financial solutions that enhance economic stability and sustainable development across Africa. The senior unsecured amortizing term […]
AstraZeneca Chief Executive Officer Pascal Soriot said on Wednesday that just like Europe has stepped up its defence spending it now must do the same and invest more to protect its health sovereignty amid a shifting world order. Soriot was responding to a request for comment on a letter by the CEOs of European drugmakers […]
The groundbreaking ceremony was part of a nationwide initiative marking the 50th anniversary of the Liberation of the South and National Reunification (April 30, 1975), with 80 key projects launched simultaneously across the country, totaling VND450 trillion ($18 billion) in investment. These projects are expected to serve as key drivers of Vietnam’s development in a […]
ADNOC Drilling announced on Wednesday that it has received a letter of award from ADNOC Offshore for a $1.63 billion contract to deliver Integrated Drilling Services (IDS) over a five-year period. The scope of the contract includes directional drilling, drilling fluids, cementing, wireline logging, and tubular running services. It also covers engineering and technical support […]
America’s only rare earths mine heard from anxious companies soon after China responded to President Donald Trump’s tariffs this month by limiting exports of those minerals used for military applications and in many high-tech devices. “Based on the number of phone calls we’re receiving, the effects have been immediate,” said Matt Sloustcher, a spokesperson for MP Materials, the company that […]
The Oceana Group has committed $1.5m (R29m) to the US-based Hatch Accelerator Fund II, which targets early-stage companies focused on innovative seafood systems, processes, and technologies. The fund, with a total of $12m (around R226m), aims to support about 30 portfolio companies over its 10-year term. Its investment strategy focuses on achieving strong financial returns […]