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Economy
Fast fashion retailer Shein filed for London listing in early June
Date:Jun 24, 2024
Shein confidentially filed papers with Britain's markets regulator in early June, two sources said, kicking off the process for a potential London listing by the online fast-fashion retailer later in the year.
Apple charged with breaching EU tech rules, faces another probe
Date:Jun 24, 2024
European Union (EU) antitrust regulators charged on Monday that Apple breached the bloc's tech rules, a charge that could result in a hefty fine for the iPhone maker which also faces another investigation into new fees imposed on app developers.
Zimbabwe pharmaceutical companies manufactures Cannabis medicines
Date:Jun 24, 2024
The Medicines Control Association of Zimbabwe has revealed that three pharmaceutical companies have started manufacturing Cannabis medicines five years after the country licensed 60 cannabis farmers.
Naspers profit doubles on Tencent, e-commerce performance
Date:Jun 24, 2024
South Africa's (SA) Naspers said this Monday its full-year earnings more than doubled, buoyed by improved performance of its e-commerce businesses and contribution from China's Tencent, which accounts for the bulk of earnings and revenues.
Nigeria's Aiteo resumes production after leak at 50 000 bpd oilfield
Date:Jun 23, 2024
Nigerian energy firm Aiteo has resumed production after stopping an oil leak at its nearly 50 000 barrels per day (bpd) Nembe field earlier this week in southern Bayelsa State, the company said.
Egypt temporarily extends daily power cuts to three hours
Date:Jun 24, 2024
Egypt's government has extended daily power cuts to three hours on Sunday and Monday, one hour longer than usual, in response to a surge in domestic electricity consumption because of a heatwave, a cabinet statement said.
Egypt withdraw operating licenses of 16 tourism companies
Date:Jun 24, 2024
Egypt has withdrawn the operating licenses of 16 tourism companies and referred them to the public prosecutor, accusing them of being responsible for the deaths of 530 Egyptian pilgrims in Mecca.
Oil eases as strong Dollar weighs on commodities markets
Date:Jun 24, 2024
Oil prices inched down this Monday as concerns of higher-for-longer interest rates resurfaced and lifted the dollar, offsetting support for oil markets from geopolitical tensions and OPEC+ supply cuts.
Rand weakens, focus on cabinet announcement
Date:Jun 24, 2024
The South African Rand was weaker in early trade this Monday, as markets awaited President Cyril Ramaphosa's cabinet announcement after the African National Congress (ANC) lost its parliamentary majority in an election last month.
Nigerian army bolsters air capacity with two new helicopters
Date:Jun 22, 2024
Nigeria's army has taken delivery of two "Huey" helicopters, a Spokesperson said this Friday, to strengthen its ability to provide air cover for troops battling insecurity across the country.
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