Business

The German government announced its plan to transfer hydrogen production technology to African countries amid its efforts to quit coal and nuclear energy on Wednesday, Reuters reports. Germany will have to import 40-60% of the hydrogen it needs for its energy transformation plans, the official said ahead of a meeting …

South African President Cyril Ramaphosa said on Thursday his government wants to expand its nascent domestic cannabis industry as it looks to tap global demand and grow local production and exports. Africa’s most industrialized nation plans to streamline the “regulatory processes so that the hemp and cannabis sector can thrive …

Thousands of Ghanaians took to the streets of the capital Accra on Thursday to demonstrate against a controversial government-sponsored electronic transaction tax bill. The parliament is yet to pass the bill, which introduces a 1.75% tax on all money transactions above 100 cedis ($15; £11). The majority leader Osei Kyei-Mensah-Bonsu …

TotalEnergies announced on Tuesday that it has reached a $10 billion investment deal with Uganda, Tanzania and its partner Chinese oil giant CNOOC in the controversial Ugandan oil exploration and export megaproject. This agreement, called Final Investment Decision (FID), was signed some sixteen years after the discovery of these reserves …

Authorities in Ghana have denied introducing a mandatory insurance scheme for all travellers arriving in the country through the country’s main airport, the BBC reports. The National Insurance Commission (NIC) said the scheme popularly known as “Akwaaba” had not been approved and any reports that it had should be disregarded. …

Authorities in Ghana have introduced a mandatory insurance scheme for all travellers arriving in the country through the country’s main airport. Popularly known as “Akwaaba”, it is to be supervised by a government-run firm and two other insurers. All visitors regardless of the duration of stay and nationality will have …

The US State Department has approved the sale of 12 military transport planes to Egypt, in a deal worth more than $2 billion, the BBC reports. Air defence radar systems and other related equipment are also being sold for another $300m. The arms sales come despite recent criticism from the …

Kenya Civil Aviation Authority (KCAA) Chief Executive Gilbert Kibe has announced the lifting of the ban on all flights from the United Arab Emirates (UAE) on Monday. Kenya has suspended all inbound and transit passenger flights from the United Arabs Emirates, two weeks ago. The ban did not affect cargo …

South African-American businessman Patrick Soon-Shiong opened a new vaccine plant in Cape Town on Wednesday, intended to help his local NantSA company make COVID-19 shots in future and address the continent’s lack of manufacturing capacity, Reuters reports. The coronavirus pandemic has exposed a global lack of access to life-saving vaccines, …

A South African court has halted oil giant Shell’s seismic testing for oil and gas along the country’s eastern coastline, pending a final ruling. In his ruling, High Court Judge Gerald Bloem said that Shell’s right to explore the waters near the Wild Coast “was awarded on the basis of …