South Africa, one of the world’s largest greenhouse-gas emitters, has been granted financing of $497m to decommission one of its largest coal-fired power plants and convert it to renewable energy,…
Category: Business News
Uganda: Commercial oil exploration to begin in 2025
Uganda aims to start commercially pumping its oil reserves in April 2025, with China being considered as a potential source of funds to develop an export pipeline, authorities said on…
South African: Police find 21 bodies at Krugersdorp mine
South African police are investigating the discovery of at least 21 bodies of suspected illegal miners, found near an active mine in the town of Krugersdorp, west of Johannesburg. According…
Australia: Campers run for their lives as Lions escape zoo
Sydney’s Taronga Zoo has rushed people camping at the park to safety after discovering five African lions had managed to escape their enclosure. The zoo found the lions – a…
USA: Elon Musk becomes sole director after firing Twitter’s board
Tesla CEO becomes sole director of social media giant after finalising $44bn takeover. The billionaire took over the social media company last week, ending months of back and forth over…
China: Meth worth more than $100m sized in Hong Kong
Hong Kong has made its biggest-ever seizure of methamphetamine after uncovering a shipment arriving from Mexico worth about 1.1 billion Hong Kong dollars ($140m), authorities said on Saturday. Customs officials…
Iraq: Fuel tanker explosion in Baghdad kills nine, wounds many
A gas tanker has exploded in the Iraqi capital, Baghdad, killing at least nine people and injuring several others, security forces said. The explosion, which was heard across much of…
Egypt: Local pound at record low after $3bn IMF deal announcement
Egypt’s pound slid about 14.5 percent to a record low against the United States dollar after authorities announced a $3bn International Monetary Fund (IMF) deal with a commitment to a…
USA: Elon Musk takes over Twitter in $44bn deal and fires CEO
Elon Musk has officially taken control of Twitter after finalising a $44bn deal to buy the social media network. He has kicked off his tenure as the new owner of…
Zambia: World Bank issues $270m for Covid, debt recovery
The World Bank says it has approved a $270m (£232m) loan to Zambia to help it recover from the effects of the coronavirus pandemic, the economic impact of the war…