Business

Long queues have been witnessed at petrol station in the Democratic Republic of Congo’s capital, Kinshasa, as the city struggles with fuel shortages, the BBC reports. Fuel prices have not changed, but only limited amounts are being sold per day. The shortage started to bite on Monday although the authorities …

In an interview with the BBC, Ghanaian President Nana Akufo-Addo justified the e-levy bill passed by parliament by saying it was aimed at taxing the industry and not the poor. Parliament in Ghana on March 29, 2022, approved the e-levy bill, after the minority staged a walkout. President Akufo-Addo said …

The prices of petrol and diesel at the pump increased in Rwanda on Monday, amid instability in the global oil market, Reuters agency reported, citing utility regulator. According to the regulator, the fuel price increase is due to Russia’s invasion of Ukraine. “We had seen these expected increases based on …

The Dangote oil refinery under construction in Nigeria is expected to start production by the fourth quarter of 2022, group director Devakumar Edwin said on Sunday. “75% hydraulic testing … as well as 70% of electrical cable fitting have been completed preparatory to the completion of the refinery in the …

Several towns in Kenya are suffering from fuel shortages and some petrol stations in the capital, Nairobi, are turning away motorists after running out of fuel, local media reported. Reports say the crisis may have been triggered by reduced imports by big oil marketing companies – who are wary that …

The United States announced the building of a consulate in the Nigerian megacity Lagos, the country’s commercial capital, as Washington strengthens economic and diplomatic relations with Africa’s most populous country, Reuters agency reports. The consulate will be worth $537 million. The U.S. is among the largest foreign investors and donors …

An Egyptian delegation will travel to India the first week of April to facilitate wheat imports as part of efforts to secure supplies and alleviate shortages at one of the world’s largest importers of the staple, Reuters reports, citing Indian government sources. Egypt, often the world’s biggest wheat importer, is …

The majority of lawmakers in Ghana’s parliament approved a controversial electronic direct debit bill, which includes taxes on mobile money payments. It has been fiercely opposed by the opposition since it was proposed in November last year, delaying the passage of the national budget. The Minority in Parliament walked out …

South African Advertising Regulatory Board (ARB) has spoken out against a wine ad that has been criticized as offensive and “perpetuating the culture of rape”. It said the ad depicting a young woman with her mouth open and wine being poured into her mouth was in breach of advertising regulations. …

A company will auction in the coming days a request for an arrest warrant issued against former South African President Nelson Mandela in 1961. This major auction will be organized in Cape Town and online by Momint. The person who will inquire about this arrest warrant will not have it …