Two Shelf Drilling jack-ups heading to West Africa
Shelf Drilling, a Dubai-based drilling contractor, has secured two new contracts for its jack-up rigs offshore West Africa. The first contract is for the 2010-built Shelf Drilling Mentor 350-foot LeTourneau…
Somalia to sanction companies recognising Somaliland an independent nation
Somalia said it would follow through on its threat to punish organisations that label Somaliland or act as if it were an independent region. Authorities say all companies operating in Somalia must change information on their websites to reflect the Somaliland part by September 10th, 2024.Also, Somalia's Ministry of Trade and Industry (MoCI) has asked companies to remove the name of Somaliland, which has declared independence from online information…
Uganda sets ambitious goal for Tenfold GDP growth through mining sector expansion
The Ugandan government has unveiled an ambitious plan aimed at achieving a tenfold increase in the nation's Gross Domestic Product (GDP) over the coming years, with a particular focus on…
Zambia and Malawi partner with international companies
African countries are making strides in digital transformation, partnering with international companies to achieve their goals. Google and the Zambian government are collaborating to establish an Artificial Intelligence (AI) Center…
Nigeria’s SEC set to go tough on unlicensed Crypto exchanges
The Securities and Exchange Commission (SEC) has announced plans to crackdown on crypto exchanges operating outside the framework of its regulations.The Director-General of SEC, Dr. Emomotimi Agama, stated this in…
5 Chinese ICT companies sign MOUs with Egypt
Egypt and China have strengthened their ties in the Information and Communication Technology (ICT) sector through the signing of five major memoranda of understanding (MoUs). The agreements, worth around $1.1…
Here’s how Africa can gain from energy shift minerals
African countries can make the most of food transformation by adding value, turning it into products that can be exported at a better price and/or using it to meet Africa’s…
Nigeria’s economic activities rebound after 13 Months decline
Nigeria's economic activities have shown a positive turn for the first time in over a year, according to the latest report from the Central Bank of Nigeria (CBN). The Purchasing…
CAC threatens to shut down unlicensed POS operators
The Corporate Affairs Commission, CAC, has begun plans to shutdown POS businesses operating without a license. This decision comes after the September 5 registration deadline expired.The CAC, in a statement…
MSME financing gateway launched in Kenya and Uganda
The International Trade Centre (ITC) has launched a funding portal for Micro, Small and Medium Enterprises (MSMEs) in Kenya and Uganda, marking a significant milestone in supporting business development in…
