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Sudan, Morocco, Ethiopia

Phosphate king Mostafa Terrab moves to contain Middle East supply shock

NNPC's sale of oil blocks takes unexpected turn

The Naira yesterday appreciated to N1,393 per dollar in the parallel market from N1,405 per dollar on Monday.

The Department of Transport (DoT) is researching options for a hybrid funding model for the Road Accident Fund (RAF) that will include both private and public contributions to lessen the burden on the fiscus going forward. Deputy Minister of Transport Mkhuleko Hlengwa told parliament this on Tuesday during the DoT’s budget vote, stressing that the current RAF model is not financially sustainable. Hlengwa said the department also intends to introduce the Road Accident Benefit Scheme Bill (Rabs) to parliament this year, with the proposed framework providing for defined structured benefits on a no-fault basis. Minister of Transpor

The City of Cape Town (CoCT) is embroiled in another tariff dispute, this time about alleged overcharging of consumers for electricity for several years, with questions hanging over the determination of its new tariffs for the financial year starting on 1 July. This is a complex matter that may still see CoCT being vindicated, says electricity pricing expert Deon Conradie. It comes against the backdrop of a recent court order declaring the city’s cleaning levy and fixed water and sanitation charges – all based on property value – unlawful. The Western Cape High Court set these tariffs aside, suspending the order until 30 Ju

The Africa/France summit, co-hosted by Presidents Emmanuel Macron of France and William Ruto of Kenya, brought together leaders and top officials from more than 30 countries across the continent.