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Business

Nigerian Oil Regulator Rejects Shell’s $1.3 Billion Asset Sale to Local Consortium

Nigeria’s oil industry regulator has rejected Shell’s proposed $1.3 billion divestiture of its onshore assets to a local consortium, Renaissance Africa Energy Company...

Business

Jumia to Exit South Africa and Tunisia

Africa-focused e-commerce giant Jumia Technologies is set to shut down its South African fashion retailer Zando and cease its operations in Tunisia by...

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German state data point to higher national inflation as Iran war pushes energy prices up

Preliminary data from several German states indicate that inflation in Germany is set to rise at the national level, driven largely by surging...

Foreign investors flee Indian assets at record pace on oil shock, pummel rupee

Foreign investors have pulled money out of India at an unprecedented pace as surging global oil prices and geopolitical uncertainty rattled markets, putting...