Business

Seplat Energy regrets to announce a serious incident on the Depth wise swamp drilling rig “Majestic” in the early hours of this morning. Seplat as the operator of the SEPLAT/NNPCL joint venture contracted the rig. It was in transit to its planned drilling location at Ovhor in Delta State when …

Africa Finance Corporation (AFC), the leading infrastructure solutions provider on the continent, is partnering with the Government of Senegal to fund the development of the landmark Sangomar oil field. Through this strategic collaboration, AFC will invest €50 million in the oil field to help boost the country’s emerging oil & …

MultiChoice Africa Holdings B.V (MAH) regrettably notifies DStv subscribers of its withdrawal of services from Malawi with immediate effect. This follows the injunction issued by the High Court in Lilongwe in a matter between MultiChoice Malawi (MCM) and the Malawi Communications Regulatory Authority (MACRA) prohibiting an adjustment to the DStv …

  Advertising spending on Connected TV (CTV) is increasing as viewers and advertisers migrate from linear broadcast television. However, whilst CTV is keeping overall television spend stable, it is not yet attracting new dollars to the platform. As a result, CTV growth is three times slower than retail media at …

Air India, a Tata Group-owned airline, today unveiled a modern new brand identity and new aircraft livery that capture the essence of a bold new India, marking a milestone in its Vihaan.AI transformation of the national institution into a national inspiration. The new look reimagines the iconic Indian window shape, …

  Seplat Energy Plc, a leading Nigerian independent energy company listed on both the Nigerian Exchange Limited and the London Stock Exchange, has within a year experienced a 10.2 percent gas revenue, reaching $63.7 million in 6M 2023 (compared to $57.8 million in 6M 2022). This growth is attributed to …

  Access to affordable, reliable, and sustainable energy is crucial if Africa is to achieve all 17 United Nations Sustainable Development Goals (SDGs), and energy access will be the biggest driver of social and economic development in Africa going forward, the Chief Executive Officer, Seplat Energy Plc, Roger Brown has …

  Vantage Capital, Africa’s largest mezzanine fund manager, announced today that it closed a €30 million equity investment for the acquisition of a significant minority stake in Promamec, a Moroccan medical distribution business. The funds invested by Vantage Capital facilitated the exit of the private equity fund AfricInvest and will …

Pressure to reduce carbon emissions and regenerate biodiversity is increasing as the global climate crisis intensifies. However, a clear distinction must be drawn between the starting point for the global South and that of the global North. Africa, for example, produces less than 3.8% of carbon emissions, yet the continent …

UBA Foundation, the corporate social responsibility arm of the United Bank for Africa (UBA) Plc, has once again taken a remarkable step towards promoting sustainability and fostering Africa’s green revolution. Following the footsteps of the Chairman of UBA Plc, the foundation has reaffirmed its commitment to environmental preservation in line with global efforts …