Business

Mozambique has imposed a partial ban on South African imports of cattle, goats, sheep, pigs and their meat and by-products following an outbreak of foot-and-mouth disease in the neighbouring country. The ban covers products from the South African provinces of North West, Limpopo and KwaZulu-Natal provinces. The three provinces reported …

Less than 24 hours after the resignation of Tewolde GebreMariam at the head of Ethiopian Airlines, Mesfin Tasew, the general manager of Asky has been appointed to succeed him. Managing Director of Asky, the Ethiopian Mesfin Tasew was appointed on March 24 to head the Ethiopian Airlines group. This appointment …

Tewolde Gebremariam, the Chief Executive Officer (CEO) of Ethiopian Airlines, the African largest carrier, is stepping down from his post, the company has announced. Mr Gebremariam, who led the airline for 11 years, during which the company experienced significant growth, resigned due to health issues. The company said he was …

The South African Competition Commission on Monday said it had taken Facebook and WhatsApp owner Meta Platforms to court for allegedly abusing its dominant position in the market, Reuters reports. In a statement, the regulator accused Meta of “abusing its dominance by engaging in exclusionary conduct geared at preventing competitors …

The Algerian President Abdelmadjid Tebboune has banned the export of foodstuffs that the country imports, the state news agency reported. According to the agency, which quoted a source, the president described as economic sabotage the fact of selling foodstuffs that the country does not produce locally. The commodities include sugar, …

A court in the Democratic Republic of Congo has temporarily removed control of a huge copper and cobalt mine from its Chinese owners. The court appointed a temporary administrator from state miner Gecamines to run China Molybdenum’s Tenke Fungurume mine amid a dispute between the shareholders over reserves of copper …

Mozambique’s publicly-owned Electricity Company (EDM) has signed a new contract to supply power to the Kingdom of Eswatini, local media reported. The contract will last for 17 months and provides for EDM to supply 20 megawatts of power, which could be revised depending on the needs of Eswatini Electricity Company …

Operator TotalEnergies has made a significant discovery of light oil and associated gas off the coast of Namibia, the company said on Thursday. Two sources earlier told Reuters about the large discovery in the Venus-X1 well, the second recent offshore discovery for the southern African country that has ambitions to …

A London court will on Wednesday begin to hear a lawsuit launched by Nigeria against U.S. bank JP Morgan Chase, claiming more than $1.7 billion for its role in a disputed 2011 oilfield deal, Reuters reports. The civil suit filed in the English courts in 2017 relates to the purchase …

Somalia’s President Mohamed Farmaajo has rejected an oil revenue sharing deal signed by the petroleum ministry and an American firm, the BBC reports. Coastline Exploration said it had signed seven deals related to offshore oil and gas exploration. “Somalia contains the largest remaining unexplored set of basins situated in warm …