Business Affairss

GDP grows 0.01% from second quarter of 2022 to 2023

Angola’s Gross Domestic Product (GDP) grew 0.01 per cent from the second quarter of 2022 to the second quarter of 2023, the National Statistics Institute (INE) said Monday in Luanda.

According to the Rapid Information Sheet (FIR), referring to th…

Tea : sales could generate $1 billion by end of 2023

In Kenya, tea export earnings are expected at 150 billion shillings ($1 billion) in 2023. The expected amount would be up 12 billion shillings ($81 million) from the level a year earlier . The authorities have in fact put in place a program which …

Burkina: VAT fraud amounting to more than 2.5 billion FCFA

More than a hundred companies are incriminated in VAT fraud, estimated at more than 2 billion 563 million FCFA, the National Anti-Fraud Coordination (CNLF) said on Monday. ) which was announced the arrest of several fraudsters including the master…

Nyeri To Construct A Sh500 Million Industrial Park

The County Government of Nyeri has inked a deal with a local contractor for the construction of a Sh500 million aggregate and industrial park in Kieni constituency.According to the Chief Officer in Charge of Trade, George Mwangi, the park, a joint…

Lands Ministry Goes Cashless To Curb Cartels

The State Department for Lands and Physical Planning has commenced a nationwide initiative to roll out the Cashless Revenue Collection policy.The initiative is seen as a significant step towards eradicating cash transactions within land offices, w…

Angola: TotalEnergies sells half of its shares for $400 million

The French oil company TotalEnergies has sold part of the interests it holds in block 20, an offshore perimeter located in the Kwanza basin in Angola, to the local subsidiary of the Malaysian company Petronas. Petronas thus offered itself a direct …