Energy prices may have jumped to unprecedented highs, but for France’s state-controlled power company EDF 2022 was a miserable year with record annual losses of €17.9bn (£16bn). A price cap…
Category: Business News
Nigeria: Buhari partially extends validity of old banknotes
Nigeria’s President Muhammadu Buhari has directed the country’s central bank to release the old 200 naira banknotes back into circulation and run concurrently with the new ones till 10 April.…
Ghana: Inflation falls for the first time in 19 months
Ghana’s inflation rate has fallen – albeit slightly – for the first time in 19 months, official statistics show. The inflation rate in January was 53.6%, compared with 54.1% in…
Nigeria: Banks torched in cash shortage riots
Two commercial banks have reportedly been set on fire during riots in Warri city in southern Nigeria over the scarcity of cash following the central bank’s controversial decision to scrap…
India: Watchdog probing Hindenburg fraud allegations
India’s markets regulator has confirmed that it is investigating allegations made by Hindenburg Research against companies owned by multi-billionaire Gautam Adani. The Securities and Exchange Board of India (SEBI) also…
Indian: Air India breaks industry record with an order for 470 new planes
Air India has ordered 470 new aircraft – a record for the aviation industry – as the carrier pushes to become a bigger global player. Chairman N Chandrasekaran said the…
USA: Elon Musk donates almost $2bn of Tesla shares to charity
Tesla chief executive Elon Musk says he donated around $1.95bn (£1.6bn) worth of shares in his electric carmaker to charity last year. The donation of 11.6 million shares was described…
India: BBC offices searched by income tax officials
BBC offices in India have been searched as part of an investigation by income tax authorities. The searches in New Delhi and Mumbai come weeks after the broadcaster aired a…
Equatorial Guinea: WHO to meet over Marburg virus outbreak
The World Health Organization says it’s to hold an emergency meeting on the outbreak of the Marburg virus in Equatorial Guinea. Nine people have died from the haemorrhagic fever, and…
Rwanda: Schools to get Starlink internet
Rwanda will prioritise education institutions in its plan to roll out low-cost internet delivered by Starlink, an internet initiative owned by SpaceX, a company founded by US billionaire Elon Musk,…