ENGIE Africa, Redefining the Renewable Energy Sector

98 ENGIE Africa Redefining the Renewable Energy Sector

ENGIE has faced a steep learning curve as one of the first movers in Africa’s renewable energy sector. However, the company and its African customers and partners are beginning to reap the rewards. ENGIE Africa currently employs around 4,000 people across the continent from Morocco to Uganda. Many of them work in the off-grid sector. … Read more

Mastercard Launches Young Africa Works in Uganda

93 MasterCard Launches Young Africa Works in Uganda

The Mastercard Foundation recently announced its Young Africa Works (YAW) strategy program in Uganda. The program is set to enable more than 3 million young people access dignified and fulfilling work opportunities by 2030. Under Young Africa Works, the Foundation has committed $200 million to ensure young women, men, and refugees in Uganda have access … Read more

Econet Secures High Court Stay of Execution

91 Econet Secures High Court Stay of Execution

The provisional High Court in Zimbabwe has granted Econet Wireless a stay of execution of a warrant. The warrant authorises the police to seize the company’s entire database of the transaction details of its mobile money subscribers. The stay of execution was granted  because the search warrant did not specify the names of those whose … Read more

Dangote Cement Records ₦162.90 billion Profits

86 Dangote Cement Records ₦162.90 billion Profits

Africa’s largest cement producer, Dangote Cement plc, has announced its Profit Before Tax (PBT) for the first half of 2020. Dangote cements recorded profits of ₦162.90 billion for the six months that ended June 30, 2020. The declared profit is 4.7 per cent higher than the profits recorded in the corresponding period of 2019. The … Read more

African Airlines Face Bankruptcy Without Government Bailouts

84 Arican airlines face bankrupcies without governmentbailouts

As the Covid-19 pandemic continues to decimate air passenger numbers, many African airlines risk bankruptcy.  Governments across the continent currently lack the financial resources needed to support their national carriers. In April, Air Mauritius was the first African airline to enter voluntary administration as result of the crisis. Meanwhile, South African Airways (SAA) has been … Read more

Join our mailing list!

Get the latest news, straight to your inbox.